1 00:00:00,000 --> 00:00:01,000 starttime 1276781475.04388 2 00:00:02,001 --> 00:00:04,000 C-SPAN. 3 00:00:04,001 --> 00:00:08,000 AND NOW, LIVE SENATE COVERAGE 4 00:00:08,001 --> 00:00:11,000 HERE ON C-SPAN2. 5 00:00:11,001 --> 00:00:15,000 GRACE TO CHOOSE THE WAY THAT 6 00:00:15,001 --> 00:00:18,000 LEADS TO LIFE. 7 00:00:18,001 --> 00:00:21,000 DIRECT THEIR THOUGHTS, WORDS, 8 00:00:21,001 --> 00:00:25,000 AND WORKS SO THAT THEY WILL 9 00:00:25,001 --> 00:00:29,000 FOLLOW WHERE YOU LEAD. 10 00:00:29,001 --> 00:00:30,000 PROSPER THE WORKS OF THEIR 11 00:00:30,001 --> 00:00:36,000 HANDS, AS THEY SEEK TO GLORIFY 12 00:00:36,001 --> 00:00:39,000 YOUR NAME. LORD, 13 00:00:39,001 --> 00:00:40,000 FREE THEIR HEARTS TO GIVE YOU 14 00:00:40,001 --> 00:00:45,000 ZEALOUS, ACTIVE, AND CHEERFUL 15 00:00:45,001 --> 00:00:49,000 SERVICE. 16 00:00:49,001 --> 00:00:53,000 HELP THEM SO LIVE THAT WHENEVER 17 00:00:53,001 --> 00:00:56,000 YOUR CALL COMES FOR THEM, AT 18 00:00:56,001 --> 00:01:00,000 MORNING, MIDDAY OR EVENING, IT 19 00:01:00,001 --> 00:01:02,000 MAY FIND THEM READY, THEIR WORK 20 00:01:02,001 --> 00:01:09,000 COMPLETED, AND THEIR HEARTS AT 21 00:01:09,001 --> 00:01:11,000 PEACE WITH YOU. 22 00:01:11,001 --> 00:01:17,000 WE PRAY IN YOUR SOVEREIGN NAME 23 00:01:17,001 --> 00:01:18,000 AMEN. 24 00:01:18,001 --> 00:01:19,000 THE PRESIDING OFFICER: PLEASE 25 00:01:19,001 --> 00:01:20,000 JOIN ME IN RECITING THE PLEDGE 26 00:01:20,001 --> 00:01:21,000 OF ALLEGIANCE TO THE FLAG. 27 00:01:21,001 --> 00:01:22,000 I PLEDGE ALLEGIANCE TO 28 00:01:22,001 --> 00:01:24,000 THE FLAG OF THE 29 00:01:24,001 --> 00:01:25,000 UNITED STATES OF AMERICA 30 00:01:25,001 --> 00:01:27,000 AND TO THE REPUBLIC 31 00:01:27,001 --> 00:01:28,000 FOR WHICH IT STANDS, 32 00:01:28,001 --> 00:01:30,000 ONE NATION UNDER GOD, 33 00:01:30,001 --> 00:01:38,000 WITH LIBERTY AND 34 00:01:38,001 --> 00:01:39,000 JUSTICE FOR ALL. THE PRESIDING OFFICER: THE 35 00:01:39,001 --> 00:01:42,000 CLERK WILL READ A COMMUNICATION 36 00:01:42,001 --> 00:01:43,000 TO THE SENATE. 37 00:01:43,001 --> 00:01:45,000 THE CLERK: WASHINGTON, D.C, 38 00:01:45,001 --> 00:01:46,000 JUNE 17, 2010. 39 00:01:46,001 --> 00:01:47,000 TO THE SENATE: 40 00:01:47,001 --> 00:01:49,000 UNDER THE PROVISIONS OF RULE 1, 41 00:01:49,001 --> 00:01:51,000 PARAGRAPH 3, OF THE STANDING 42 00:01:51,001 --> 00:01:52,000 RULES OF THE SENATE, I HEREBY 43 00:01:52,001 --> 00:01:53,000 APPOINT THE HONORABLE KIRSTEN E. 44 00:01:53,001 --> 00:01:54,000 GILLIBRAND, A SENATOR FROM 45 00:01:54,001 --> 00:01:55,000 STATE OF NEW YORK, TO PERFORM 46 00:01:55,001 --> 00:01:56,000 THE DUTIES OF THE CHAIR. 47 00:01:56,001 --> 00:02:00,000 SIGNED: ROBERT C. BYRD, 48 00:02:00,001 --> 00:02:01,000 PRESIDENT PRO TEMPORE. 49 00:02:01,001 --> 00:02:02,000 MR. REID: MADAM THE PRESIDING OFFICER: THE 50 00:02:02,001 --> 00:02:03,000 MAJORITY LEADER. 51 00:02:03,001 --> 00:02:06,000 MR. REID: FOLLOWING LEADER 52 00:02:06,001 --> 00:02:08,000 REMARKS, IF ANY, THERE WILL BE A 53 00:02:08,001 --> 00:02:09,000 PERIOD OF MORNING BUSINESS UNTIL 54 00:02:09,001 --> 00:02:10,000 10:00 A.M. WITH SENATORS 55 00:02:10,001 --> 00:02:11,000 PERMITTED TO SPEAK UP TO 10 56 00:02:11,001 --> 00:02:12,000 MINUTES EACH. 57 00:02:12,001 --> 00:02:13,000 THE MAJORITY WILL CONTROL THE 58 00:02:13,001 --> 00:02:15,000 FIRST HALF. 59 00:02:15,001 --> 00:02:16,000 THE REPUBLICANS WILL CONTROL THE FINAL HALF. 60 00:02:16,001 --> 00:02:18,000 UPON THE CONCLUSION OF MORNING 61 00:02:18,001 --> 00:02:20,000 BUSINESS, THE SENATE WILL RESUME 62 00:02:20,001 --> 00:02:23,000 CONSIDERATION OF THE HOUSE 63 00:02:23,001 --> 00:02:24,000 MESSAGE, WHICH ACCOMPANIES 64 00:02:24,001 --> 00:02:25,000 H.R. 4213. 65 00:02:25,001 --> 00:02:28,000 THERE WILL BE UP TO TWO HOURS 66 00:02:28,001 --> 00:02:30,000 FOR DEBATE ON THE THUNE 67 00:02:30,001 --> 00:02:35,000 AMENDMENT, WHICH IS NUMBERED 68 00:02:35,001 --> 00:02:37,000 4333, WITH EQUAL 69 00:02:37,001 --> 00:02:38,000 DIVIDED AND CONTROLLED BETWEEN 70 00:02:38,001 --> 00:02:39,000 SENATORS THUNE OR BAUCUS OR 71 00:02:39,001 --> 00:02:41,000 THEIR DESIGNEES. 72 00:02:41,001 --> 00:02:42,000 AT APPROXIMATELY NOON, THE 73 00:02:42,001 --> 00:02:43,000 SENATE WILL VOTE ON THE MOTION 74 00:02:43,001 --> 00:02:44,000 TO WAIVE THE BUDGET ACT WITH 75 00:02:44,001 --> 00:02:46,000 RESPT TO THE THUNE AMENDMENT. 76 00:02:46,001 --> 00:02:48,000 AS A REMINDER, I FILED CLOTURE 77 00:02:48,001 --> 00:02:49,000 ON THE BAUCUS SUBSTITUTE 78 00:02:49,001 --> 00:02:50,000 AMENDMENT. THE MANAGERS OF THE BILL WILL 79 00:02:50,001 --> 00:02:53,000 WORK WITH SENATORS ON AGREEMENTS 80 00:02:53,001 --> 00:02:56,000 TO CONSIDER AMENDMENTS SO WE CAN MOVE TOWARD COMPLETION OF THE 81 00:02:56,001 --> 00:02:58,000 BILL AS QUICKLY AS POSSIBLE. 82 00:02:58,001 --> 00:02:59,000 SENATORS SHOULD EXPECT 83 00:02:59,001 --> 00:03:00,000 ADDITIONAL VOTES IN RELATION TO 84 00:03:00,001 --> 00:03:03,000 THE BILL. 85 00:03:03,001 --> 00:03:07,000 SENATORS WILL BE NOTIFIED OF ANY 86 00:03:07,001 --> 00:03:09,000 ADDITIONAL VOTES IN THEIR SCHEDULE. 87 00:03:09,001 --> 00:03:12,000 MADAM PRESIDENT, I'VE SPOKEN TO 88 00:03:12,001 --> 00:03:13,000 THE MANAGERS OF THE BILL, 89 00:03:13,001 --> 00:03:15,000 SENATOR BAUCUS, AND HE'S SPOKEN 90 00:03:15,001 --> 00:03:16,000 TO A NUMBER OF HIS REPUBLICAN COLLEAGUES. 91 00:03:16,001 --> 00:03:18,000 AND WE'RE GOING TO TRY TO 92 00:03:18,001 --> 00:03:20,000 ARRANGE A NUMBER OF VOTES AS 93 00:03:20,001 --> 00:03:23,000 SOON AS WE FINISH THE THUNE MATTER. 94 00:03:23,001 --> 00:03:25,000 THERE'S AT LEAST THREE I KNOW 95 00:03:25,001 --> 00:03:27,000 THAT REPUBLICANS WANT TO OFFER. 96 00:03:27,001 --> 00:03:29,000 THERE'S A NUMBER ON OUR SIDE. 97 00:03:29,001 --> 00:03:30,000 BUT WE WILL TRY TO GET THAT DONE 98 00:03:30,001 --> 00:03:32,000 AS QUICKLY A 99 00:03:32,001 --> 00:03:33,000 THIS IS NOT A TIME FOR 100 00:03:33,001 --> 00:03:34,000 NEVER-ENDING AMENDMENTS. 101 00:03:34,001 --> 00:03:36,000 WE'VE BEEN OPPOSE THIS BILL - 102 00:03:36,001 --> 00:03:38,000 THIS IS THE SEVENTH WEEK WE'VE 103 00:03:38,001 --> 00:03:40,000 BEEN ON THIS LEGISLATION. 104 00:03:40,001 --> 00:03:42,000 THEY HAVE NOT BEEN CONTINUOUS, 105 00:03:42,001 --> 00:03:43,000 BUT THEY'VE CERTAINLY BEEN SPENT 106 00:03:43,001 --> 00:03:46,000 ON THIS LEGISLATION. 107 00:03:46,001 --> 00:03:48,000 SO WE HOPE THAT WE CAN WORK OUT 108 00:03:48,001 --> 00:03:49,000 A REASONABLE AGREEMENT ON THE 109 00:03:49,001 --> 00:03:51,000 AMENDMENTS THAT NEED TO BE 110 00:03:51,001 --> 00:03:53,000 DEBATED AND VOTED ON. 111 00:03:53,001 --> 00:03:54,000 IF WE CAN'T WORK SOMETHING OUT 112 00:03:54,001 --> 00:03:56,000 TONIGHT, THIS AFTERNOON, THEN 113 00:03:56,001 --> 00:03:57,000 WE'LL HAVE TO HAVE A CLOTURE 114 00:03:57,001 --> 00:03:59,000 VOTE IN THE MORNING. 115 00:03:59,001 --> 00:04:00,000 AND I WOULD HOPE THAT THAT CAN 116 00:04:00,001 --> 00:04:03,000 BE AVOIDED. 117 00:04:03,001 --> 00:04:08,000 I DON'T KNOW IF IT CAN BE. 118 00:04:08,001 --> 00:04:14,000 THE PROBLEM WE'VE, MADAM 119 00:04:14,001 --> 00:04:18,000 PRESIDENT, IS THAT WE HAVE ASKED 120 00:04:18,001 --> 00:04:26,000 THE SECRETARY OF HEALTH, 121 00:04:26,001 --> 00:04:32,000 KATHLEEN SEBELIUS, TO HELP TO 122 00:04:32,001 --> 00:04:34,000 EXTEND THE MEDICAID CUT. 123 00:04:34,001 --> 00:04:35,000 WE'RE IN VERY PERILOUS TIMES 124 00:04:35,001 --> 00:04:36,000 HERE. 125 00:04:36,001 --> 00:04:39,000 UNEMPLOYMENT COMPENSATN 126 00:04:39,001 --> 00:04:41,000 BENEFITS HAVE ALREADY EXPIRED. 127 00:04:41,001 --> 00:04:43,000 THESE TAX EXTENDERS, WHICH ARE 128 00:04:43,001 --> 00:04:45,000 SO IMPORTANT TO BUSINESS, HAVE 129 00:04:45,001 --> 00:04:46,000 EXPIRED. 130 00:04:46,001 --> 00:04:48,000 THEREFORE, IT'S ESSENTIAL THAT 131 00:04:48,001 --> 00:04:50,000 WE GET SOMETHING DONE. 132 00:04:50,001 --> 00:04:52,000 REMEMBER, MEDICARE REIMBURSEMENT 133 00:04:52,001 --> 00:04:53,000 IS NOT JUST FOR MEDICARE 134 00:04:53,001 --> 00:04:54,000 PATIENTS, EVEN THOUGH SOME 135 00:04:54,001 --> 00:04:56,000 DOCTORS HAVE ALREADY SAID 136 00:04:56,001 --> 00:04:58,000 THEY'RE GOING TO DROP MEDICARE PATIENTS. 137 00:04:58,001 --> 00:04:59,000 IT IS IMPORTANT FOR MORE THAN 138 00:04:59,001 --> 00:05:01,000 MEDICARE PATIENTS, BECAUSE MOST 139 00:05:01,001 --> 00:05:05,000 REIMBURSEMENT IN OUR COUNTRY IS 140 00:05:05,001 --> 00:05:08,000 BASED UPON MEDICARE LEVELS. 141 00:05:08,001 --> 00:05:10,000 INSURANCE COMPANIES, 142 00:05:10,001 --> 00:05:11,000 AND VETERANS' PROGRAMS. 143 00:05:11,001 --> 00:05:14,000 SO EVERYONE ON BOTH SIDES OF THE 144 00:05:14,001 --> 00:05:18,000 AISLE SHOULD UNDERSTAND THE TIME 145 00:05:18,001 --> 00:05:20,000 TO SIT BACK AND SAY, WE'LL WORK 146 00:05:20,001 --> 00:05:21,000 OUT SOMETHING LATER, THAT TIME 147 00:05:21,001 --> 00:05:23,000 ISN'T GOING TO BE HERE. 148 00:05:23,001 --> 00:05:24,000 WE'VE TO DO SOMETHING TODAY, 149 00:05:24,001 --> 00:05:27,000 TOMORROW AT THE LATEST, BECAUSE 150 00:05:27,001 --> 00:05:28,000 A 21% CUT, WE'VE CRIED WOLF FOR 151 00:05:28,001 --> 00:05:30,000 THE LAST TIME. 152 00:05:30,001 --> 00:05:31,000 IT WILL GO INTO EFFECT OVER THE 153 00:05:31,001 --> 00:05:32,000 WEEKEND. 154 00:05:32,001 --> 00:05:36,000 WE ALSO HAVE AN IMPORTANT 155 00:05:36,001 --> 00:05:39,000 ELEMENT OF THIS LEGISLATION, AND 156 00:05:39,001 --> 00:05:43,000 THAT DEALS WIT FMAP. 157 00:05:43,001 --> 00:05:48,000 THE POOREST OF THE POOR IN OUR 158 00:05:48,001 --> 00:05:50,000 COUNTRY ARE ABLE TO GET MEDICAID 159 00:05:50,001 --> 00:05:52,000 THROUGH STATE PROGRAMS THAT WE 160 00:05:52,001 --> 00:05:54,000 ASSIST ON A FEDERAL LEVEL. 161 00:05:54,001 --> 00:05:55,000 THOSE PROGRAMS IN MOST STATES 162 00:05:55,001 --> 00:05:57,000 ARE IN A PERILOUS STATE. 163 00:05:57,001 --> 00:05:58,000 THEY'VE CUT A LOT OF THE 164 00:05:58,001 --> 00:05:59,000 PROGRAMS. 165 00:05:59,001 --> 00:06:03,000 A LOT OF PEOPLE WHO WERE 166 00:06:03,001 --> 00:06:04,000 ELIGIBLE FOR CERTAIN MEDICAID 167 00:06:04,001 --> 00:06:06,000 PROCEDURES, OFFICE VISITED, AND 168 00:06:06,001 --> 00:06:08,000 THINGS OF THAT NATURE HAVE BEEN 169 00:06:08,001 --> 00:06:09,000 TERMINATED ALREADY. 170 00:06:09,001 --> 00:06:12,000 I'VE RECEIVED CALLS FROM AT 171 00:06:12,001 --> 00:06:14,000 LEAST 20 GOVERNORS -- JUST NOT 172 00:06:14,001 --> 00:06:15,000 DEMOCRATIC GOVERNORS -- WHO ARE 173 00:06:15,001 --> 00:06:16,000 DESPERATE FOR THIS MONEY. 174 00:06:16,001 --> 00:06:20,000 SO EVERYTHING IN THIS BILL IS 175 00:06:20,001 --> 00:06:23,000 PAID FOR, EXCEPT FMAP AND THE 176 00:06:23,001 --> 00:06:24,000 SITUATION, AS I RELATED, TO UNEMPLOYMENT COMPENSATION 177 00:06:24,001 --> 00:06:26,000 EXTENSION. 178 00:06:26,001 --> 00:06:28,000 EVERYTHING ELSE IS PAID FOR. 179 00:06:28,001 --> 00:06:30,000 THE DOCTOR FIXS PAID FOR IN 180 00:06:30,001 --> 00:06:33,000 THE AMENDMENT THAT IS NOW BEFORE 181 00:06:33,001 --> 00:06:35,000 US THAT CLOTURE HAS BEEN FILED 182 00:06:35,001 --> 00:06:36,000 OFNLT I HOPE WE CAN WORK THROUGH 183 00:06:36,001 --> 00:06:37,000 THIS AMENDMENTS THAT THE 184 00:06:37,001 --> 00:06:39,000 REPUBLICANS HAVE AND THAT WE'VE 185 00:06:39,001 --> 00:06:40,000 TO HAVE ON OUR SIDE AND IF 186 00:06:40,001 --> 00:06:41,000 POSSIBLE WE COULD GO AHEAD AND 187 00:06:41,001 --> 00:06:44,000 SET UP A VOTE TO GET RID OF THIS 188 00:06:44,001 --> 00:06:45,000 PIECE OF LEGISLATION TODAY. 189 00:06:45,001 --> 00:06:47,000 OTHERWISE WE'LL HAVE CLOTURE 190 00:06:47,001 --> 00:06:49,000 TODAY AND 30 HOURS RUNS AFTER 191 00:06:49,001 --> 00:06:51,000 THAT, BY THAT TIERNLG THE 192 00:06:51,001 --> 00:06:52,000 DOCTORS AND PATIENTS WILL BE 193 00:06:52,001 --> 00:06:53,000 HARMED -- AND BY THAT TIME, THE 194 00:06:53,001 --> 00:06:54,000 DOCTORS AND PATIENTS WILL BE 195 00:06:54,001 --> 00:06:55,000 HARMED SIGNIFICANTLY, 196 00:06:55,001 --> 00:06:56,000 NOTWITHS 197 00:06:56,001 --> 00:07:00,000 THE UNEMPLOYMENT HAVE ALREADY 198 00:07:00,001 --> 00:07:01,000 BEEN HURT. 199 00:07:01,001 --> 00:07:14,000 -- THE UNEMPLOYED HAVE ALREADY 200 00:07:14,001 --> 00:07:15,000 BEEN HURT. 201 00:07:15,001 --> 00:07:16,000 MR. McCONNELL: MADAM 202 00:07:16,001 --> 00:07:17,000 PRESIDENT? THE PRESIDING OFFICER: THE 203 00:07:17,001 --> 00:07:19,000 REPUBLICAN LEADER. 204 00:07:19,001 --> 00:07:20,000 MR. McCONNELL: MADAM 205 00:07:20,001 --> 00:07:21,000 PRESIDENT, DEMOCRATS CONTINUE TO 206 00:07:21,001 --> 00:07:23,000 ARGUE AMONG THEMSELVES ABOUT HOW 207 00:07:23,001 --> 00:07:24,000 MUCH THEY WANT TO ADD TO THE 208 00:07:24,001 --> 00:07:25,000 DEFICIT. 209 00:07:25,001 --> 00:07:27,000 YESTERDAY THEY UNVEILED THEIR 210 00:07:27,001 --> 00:07:30,000 LATEST PROPOSAL, WHICH WOULD ADD 211 00:07:30,001 --> 00:07:31,000 ANOTHER \$50 BILLION. 212 00:07:31,001 --> 00:07:33,000 AND THEY'RE CALLING THIS AN 213 00:07:33,001 --> 00:07:34,000 ACCOMPLISHMENT. 214 00:07:34,001 --> 00:07:37,000 AN ACCOMPLISHMENT THEY REACHED 215 00:07:37,001 --> 00:07:38,000 NOT BY MAKING ANY TOUGH CHOICES 216 00:07:38,001 --> 00:07:40,000 BUT BY SHORTENING THE LENGTH OF 217 00:07:40,001 --> 00:07:41,000 TIME THEY'D PAY FOR PROGRAMS 218 00:07:41,001 --> 00:07:43,000 THEY KNOW THEY'LL END UP 219 00:07:43,001 --> 00:07:46,000 EXTENDING ANYWAY. 220 00:07:46,001 --> 00:07:48,000 ONLY IN WASHINGTON WOULD PEOPLE 221 00:07:48,001 --> 00:07:49,000 BOAST ABOUT SAVING MONEY THEY 222 00:07:49,001 --> 00:07:50,000 FULLY INTEND TO SPEND DOWN THE 223 00:07:50,001 --> 00:07:52,000 ROAD. 224 00:07:52,001 --> 00:07:53,000 AND ONLY IN WASHINGTON WOULD 225 00:07:53,001 --> 00:07:56,000 PEOPLE RAID A TRUST FUND 226 00:07:56,001 --> 00:07:58,000 INTENDED TO PAY FOR OIL SPILL 227 00:07:58,001 --> 00:08:00,000 CLEANUP TO COVER COMPLETELY 228 00:08:00,001 --> 00:08:01,000 UNRELATED SPENDING IN THE MIDDLE 229 00:08:01,001 --> 00:08:02,000 OF AN OIL SPILL. 230 00:08:02,001 --> 00:08:04,000 LET ME SAY THAT AGAIN. 231 00:08:04,001 --> 00:08:05,000 AND ONLY IN WASHINGTON WOULD 232 00:08:05,001 --> 00:08:10,000 PEOPLE RAID A TRUST FUND 233 00:08:10,001 --> 00:08:11,000 INTENDED TO PAY FOR OIL SPILL 234 00:08:11,001 --> 00:08:13,000 CLEANUP TO COVER COMPLETELY 235 00:08:13,001 --> 00:08:16,000 UNRELATED SPENDING IN THE MIDDLE 236 00:08:16,001 --> 00:08:17,000 OF AN OIL SLL. 237 00:08:17,001 --> 00:08:19,000 SO DEMOCRATS CAN CONTINUE TO 238 00:08:19,001 --> 00:08:21,000 PLAY THESE GAMES OR THEY CAN 239 00:08:21,001 --> 00:08:24,000 JOIN REPUBLICANS IN VOTING FOR 240 00:08:24,001 --> 00:08:25,000 THE THUNE AMENDMENT LATER TODAY. 241 00:08:25,001 --> 00:08:27,000 NOW, THE THUNE AMENDMENT WOULD 242 00:08:27,001 --> 00:08:30,000 ACTUALLY DO THE THING AMERICANS 243 00:08:30,001 --> 00:08:32,000 WANT US TO DO RIGHT NOW, AND 244 00:08:32,001 --> 00:08:34,000 THAT'S TO LOWER THE DEFICIT AND 245 00:08:34,001 --> 00:08:35,000 CREATE REAL OPPORTUNITIES FOR 246 00:08:35,001 --> 00:08:37,000 JOB GROWTH. 247 00:08:37,001 --> 00:08:38,000 SENATORS WILL HAVE A SIMPLE 248 00:08:38,001 --> 00:08:40,000 CHOICE TODAY. 249 00:08:40,001 --> 00:08:41,000 THEY CAN EITHER VOTE TO REDUCE 250 00:08:41,001 --> 00:08:43,000 THE DEFICIT OR THEY CAN LOCK 251 00:08:43,001 --> 00:08:44,000 ARMS WITH THE DEMOCRATIC 252 00:08:44,001 --> 00:08:47,000 LEADERSHIP AND DIG AN EVEN 253 00:08:47,001 --> 00:08:49,000 DEEPER HOLE OF DEBT WHEN MOST 254 00:08:49,001 --> 00:08:51,000 AMERICANS THINK \$13 TRILLION IS 255 00:08:51,001 --> 00:08:53,000 FAR TOO MUCH ALREADY. 256 00:08:53,001 --> 00:08:55,000 IF YOU'RE EVEN REMOTELY ATTUNED 257 00:08:55,001 --> 00:08:57,000 TO WHAT AMERICANS ARE ASKING US, 258 00:08:57,001 --> 00:08:59,000 THIS WOULD BE AN EASY CHOICE. 259 00:08:59,001 --> 00:09:01,000 OUR COLLEAGUES ACROSS THE AISLE 260 00:09:01,001 --> 00:09:03,000 HAVE COME DOWN TO THE SENATE 261 00:09:03,001 --> 00:09:06,000 FLOOR OVER AND OVER TO CLAIM THE 262 00:09:06,001 --> 00:09:08,000 MANTLE OF FISCAL RESPONSIBILITY. 263 00:09:08,001 --> 00:09:09,000 WELL, TODAY THEY CAN PROVE IT. 264 00:09:09,001 --> 00:09:12,000 AMERICANS WANT US TO SHOW WE'RE 265 00:09:12,001 --> 00:09:13,000 SERIOUS ABOUT LOWERING THE DEBT. 266 00:09:13,001 --> 00:09:15,000 SENATORS WILL HAVE THAT 267 00:09:15,001 --> 00:09:17,000 OPPORTUNITY LATER TODAY. 268 00:09:17,001 --> 00:09:19,000 SO I ASK MY COLLEAGUES ON BOTH 269 00:09:19,001 --> 00:09:21,000 SIDES TO JOIN WITH ME TODAY AND 270 00:09:21,001 --> 00:09:22,000 VOTE IN FAVOR OF THE THUNE 271 00:09:22,001 --> 00:09:26,000 AMENDMENT. 272 00:09:26,001 --> 00:09:27,000 FLOOR. 273 00:09:27,001 --> 00:09:29,000 THE PRESIDING OFFICER: UNDER THE PREVIOUS ORDER, THE 274 00:09:29,001 --> 00:09:30,000 LEADERSHIP TIME IS RESERVED. 275 00:09:30,001 --> 00:09:32,000 UNDER THE PREVIOUS ORDER, THERE 276 00:09:32,001 --> 00:09:33,000 WILL BE A PERIOD OF MORNING 277 00:09:33,001 --> 00:09:35,000 BUSINESS UIL 10:00 A.M. WITH 278 00:09:35,001 --> 00:09:37,000 SENATORS PERMITTED TSPEAK FOR 279 00:09:37,001 --> 00:09:38,000 UP TO 10 MINUTES EACH. 280 00:09:38,001 --> 00:09:40,000 WITH THE MAJORITY CONTROLLING 281 00:09:40,001 --> 00:09:41,000 THE FIRST HALF AND THE 282 00:09:41,001 --> 00:09:44,000 REPUBLICANS CONTROLLING THE 283 00:09:44,001 --> 00:09:45,000 FINAL HALF. 284 00:09:45,001 --> 00:09:46,000 A SENATOR: MADAM PRESIDENT? 285 00:09:46,001 --> 00:09:47,000 THE PRESIDING OFFICER: IS NOT FRR NEW JERSEY. 286 00:09:47,001 --> 00:09:48,000 MR. MENENDEZ: I WANT TO ASK 287 00:09:48,001 --> 00:09:50,000 UNANIMOUS CONSENT THAT THE TIME 288 00:09:50,001 --> 00:09:52,000 UNDER THE CONTROL OF THE 289 00:09:52,001 --> 00:09:59,000 MAJORITY BE EQUALLY DIVIDED 290 00:09:59,001 --> 00:10:01,000 BETWEEN 291 00:10:01,001 --> 00:10:02,000 SENATOR SHAHEEN OF NEW HAMPSHIRE. 292 00:10:02,001 --> 00:10:05,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 293 00:10:05,001 --> 00:10:06,000 THE SENATOR FROM NEW HAMPSHIRE. 294 00:10:06,001 --> 00:10:09,000 MRS. SHAHEEN: MADAM PRESIDENT, 295 00:10:09,001 --> 00:10:11,000 I RISE TODAY TO ASK THAT MY 296 00:10:11,001 --> 00:10:13,000 LEGISLATION, S. 3462, WHICH 297 00:10:13,001 --> 00:10:15,000 WOULD GRANT SUBPOA POWER TO 298 00:10:15,001 --> 00:10:16,000 THE PRESIDENTIAL COMMISSION 299 00:10:16,001 --> 00:10:18,000 TASKED WITH INVESTIGATING THE 300 00:10:18,001 --> 00:10:21,000 B.P. OIL SPILL, BE PASSED BY 301 00:10:21,001 --> 00:10:22,000 UNANIMOUS CONSENT. 302 00:10:22,001 --> 00:10:31,000 THE PRESIDING OFFICER: WITHOUT 303 00:10:31,001 --> 00:10:33,000 -- IS THERE AN OBJECTION? 304 00:10:33,001 --> 00:10:34,000 MR. INHOFE: MADAM PRESIDENT, I 305 00:10:34,001 --> 00:10:36,000 THINK I WILL OBJECT AT THIS TIME. 306 00:10:36,001 --> 00:10:38,000 THE BILL WAS JUST INTRODUCED 307 00:10:38,001 --> 00:10:40,000 SEVEN BUSINESS DAYS AGO. 308 00:10:40,001 --> 00:10:41,000 IT'S BEEN REFERRED TO THE 309 00:10:41,001 --> 00:10:43,000 JUDICIARY COMMITTEE WHERE I 310 00:10:43,001 --> 00:10:45,000 ASSUME THAT CHAIRMAN LEAHY WILL 311 00:10:45,001 --> 00:10:48,000 TAKE A THOUGHTFUL LOOK AT IT. 312 00:10:48,001 --> 00:10:51,000 CHAIRMAN REID HAS ASKED THIS 313 00:10:51,001 --> 00:10:53,000 CHAIRMAN TO REPORT OUT OIL SPILL 314 00:10:53,001 --> 00:10:54,000 LEGISLATION BY THE 4th OF JULY 315 00:10:54,001 --> 00:10:55,000 FOR CONSIDERATION NEXT MONTH. 316 00:10:55,001 --> 00:10:57,000 I THINK WE SHOULD GIVE THAT 317 00:10:57,001 --> 00:10:58,000 PROCESS AN OPPORTUNITY TO WORK, 318 00:10:58,001 --> 00:10:59,000 SO I DO OBJECT. 319 00:10:59,001 --> 00:11:00,000 THE PRESIDING OFFICER: OBJECTION IS HEARD. 320 00:11:00,001 --> 00:11:01,000 MRS. SHAHEEN: MADAM PRESIDENT? 321 00:11:01,001 --> 00:11:02,000 THE PRESIDING OFFICER: THE 322 00:11:02,001 --> 00:11:03,000 SENATOR FROM NEW HAMPSHIRE. 323 00:11:03,001 --> 00:11:05,000 MRS. SHAHEEN: MADAM PRESIDENT, 324 00:11:05,001 --> 00:11:10,000 I DON'T UNDERSTAND. 325 00:11:10,001 --> 00:11:12,000 WE'RE 58 DISAS INTO TH DAYS INTO THIS OIL 326 00:11:12,001 --> 00:11:16,000 SPILL. 327 00:11:16,001 --> 00:11:18,000 11 LIVES HAVE BEEN LOST. 328 00:11:18,001 --> 00:11:25,000 WE'VE MILLIONS OF GALLONS OF OIL 329 00:11:25,001 --> 00:11:26,000 IN THE GULF OF MEXICO THAT ARE 330 00:11:26,001 --> 00:11:28,000 ALREADY ON THE SHORES. 331 00:11:28,001 --> 00:11:32,000 WE'VE FISHERMEN WHO HAVE LOST 332 00:11:32,001 --> 00:11:33,000 THEIR LIVELIHOODS, SOME WE GUESS 333 00:11:33,001 --> 00:11:35,000 MAYBE FOR GENERATIONS. 334 00:11:35,001 --> 00:11:36,000 WE'VE COUNTLESS HOTELSND 335 00:11:36,001 --> 00:11:38,000 RESTAURANTS THAT ARE EMPTY 336 00:11:38,001 --> 00:11:41,000 DURING WHAT SHOULD BE THEIR 337 00:11:41,001 --> 00:11:42,000 PRIME TOURIST SEASON. 338 00:11:42,001 --> 00:11:44,000 AND I DON'T UNDERSTAND WHY, 339 00:11:44,001 --> 00:11:45,000 GIVEN ALL THIS THE FULL 340 00:11:45,001 --> 00:11:47,000 DEVASTATION OF THIS SPILL, IS 341 00:11:47,001 --> 00:11:50,000 FAR FROM BEING KNOWN BUT IT'S 342 00:11:50,001 --> 00:11:52,000 GOING TO BE ON ONE OF THE WORST 343 00:11:52,001 --> 00:11:53,000 ECONOMIC AND ENVIRONMENTAL 344 00:11:53,001 --> 00:11:58,000 DISASTERS IN AMERICAN HISTORY. 345 00:11:58,001 --> 00:12:00,000 WE NEEDWE NEED TO MAKE SURE THAT THIS NEVER HAPPENS AGAIN. 346 00:12:00,001 --> 00:12:05,000 I'M NOT CLEAR ON WHY PEOPLE ARE 347 00:12:05,001 --> 00:12:06,000 STILL OBJECTING TO GIVING THE 348 00:12:06,001 --> 00:12:07,000 BIPARTISAN COMMISSION THAT HAS 349 00:12:07,001 --> 00:12:08,000 BEEN CHARGED WITH INVESTIGATING 350 00:12:08,001 --> 00:12:10,000 THIS DISASTER, WITH GIVING THEM 351 00:12:10,001 --> 00:12:13,000 THE SUBPOENA POWER TO DO WHAT 352 00:12:13,001 --> 00:12:14,000 THEY NEED TO DO TO MAKE HUER -- TO 353 00:12:14,001 --> 00:12:15,000 MAKE SURE THAT THIS NEVER 354 00:12:15,001 --> 00:12:16,000 HAPPENS AGAIN. 355 00:12:16,001 --> 00:12:18,000 IN ORDER HAVE A FULL AND 356 00:12:18,001 --> 00:12:19,000 FRUITFUL INVESTIGATION, THIS 357 00:12:19,001 --> 00:12:21,000 COMMISSION MUST HAVE SUBPOENA 358 00:12:21,001 --> 00:12:24,000 POWER TO GET TO THE BOTTOM OF 359 00:12:24,001 --> 00:12:27,000 WHAT SAFETY PRECAUTIONS B.P. DID 360 00:12:27,001 --> 00:12:31,000 AND DID NOT TAKE LEADING UP TO 361 00:12:31,001 --> 00:12:32,000 THE DEEPWATER HORIZON EXPLOSION. 362 00:12:32,001 --> 00:12:33,000 SUBPOENA POWER IS ESSENTIAL TO 363 00:12:33,001 --> 00:12:34,000 THEIR TASK TO MAKE MEANINGFUL 364 00:12:34,001 --> 00:12:37,000 RECOMMENDATIONS ON HOW TO 365 00:12:37,001 --> 00:12:39,000 PREVENT FUTURE AS DOESSTERS. THAT'S -- DISASTERS. 366 00:12:39,001 --> 00:12:40,000 THAT'S WHY I AND 18 OTHER 367 00:12:40,001 --> 00:12:41,000 SENATORS HAVE INTRODUCED THIS 368 00:12:41,001 --> 00:12:43,000 LEGISLATION TO GRANT SUBPOENA 369 00:12:43,001 --> 00:12:46,000 POWER TO THIS COMMISSION. 370 00:12:46,001 --> 00:12:47,000 IT IS UNACCEPTABLE FOR B.P. AND 371 00:12:47,001 --> 00:12:49,000 THE OTHER COMPAES RESPONSIBLE 372 00:12:49,001 --> 00:12:51,000 FOR THIS OIL SPILL TO CONTINUE 373 00:12:51,001 --> 00:12:53,000 TO STONEWALL THE AMERICAN 374 00:12:53,001 --> 00:12:54,000 PEOPLE, AND I DON'T UNDERSTAND 375 00:12:54,001 --> 00:12:56,000 WHY MY COLLEAGUES ON THE OTHER 376 00:12:56,001 --> 00:12:58,000 SIDE OF THE AISLE ARE OBJECTING TO THIS. 377 00:12:58,001 --> 00:12:59,000 I WOULD ASSUME THAT THEY'RE AN 378 00:12:59,001 --> 00:13:01,000 INTERESTED IN GETTING TO THE 379 00:13:01,001 --> 00:13:04,000 BOTTOM OF THIS DISASTER AS THE 380 00:13:04,001 --> 00:13:05,000 REST OF US ARE, AND WHY THE 381 00:13:05,001 --> 00:13:06,000 STONEWALLING IS SOMETHING THAT I 382 00:13:06,001 --> 00:13:07,000 DON'T UNDERSTAND. 383 00:13:07,001 --> 00:13:11,000 I YIELD 384 00:13:11,001 --> 00:13:12,000 TIME, MADAM PRESIDENT. 385 00:13:12,001 --> 00:13:13,000 MR. INHOFE: LET ME JUST 386 00:13:13,001 --> 00:13:14,000 RESPOND TO THE SENATOR FROM NEW HAMPSHIRE. 387 00:13:14,001 --> 00:13:16,000 THE PRESIDING OFFICER: THE 388 00:13:16,001 --> 00:13:20,000 SENATOR DOES NOT HAVE CONTROL OF 389 00:13:20,001 --> 00:13:21,000 THE TIME AT THIS MOMENT. 390 00:13:21,001 --> 00:13:22,000 MR. INHOFE: OKAY. 391 00:13:22,001 --> 00:13:23,000 I WAS JUST REASSURING HER. 392 00:13:23,001 --> 00:13:24,000 I THINK I AGREE WITH EVERYTHING 393 00:13:24,001 --> 00:13:26,000 SHE SAID. 394 00:13:26,001 --> 00:13:29,000 MINE WAS THE PROCESS THAT TALKING ABOUT. 395 00:13:29,001 --> 00:13:30,000 I THINK TT'S A PROCESS THAT 396 00:13:30,001 --> 00:13:33,000 THE MAJORITY LEADER WAS 397 00:13:33,001 --> 00:13:34,000 RECOMMENDING. 398 00:13:34,001 --> 00:13:36,000 MR. MENENDEZ: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 399 00:13:36,001 --> 00:13:37,000 SENATOR FROM NEW JERSEY. 400 00:13:37,001 --> 00:13:38,000 MR. MENDEZ: COULD THE 401 00:13:38,001 --> 00:13:39,000 PRESIDING OFFICER TELL ME HOW MUCH SOMETIME LEFT FOR THE 402 00:13:39,001 --> 00:13:40,000 MAJORITY SIDE HER 403 00:13:40,001 --> 00:13:41,000 THE PRESIDING OFFICER: SIX 404 00:13:41,001 --> 00:13:43,000 MINUTES AND 20 SECONDS. 405 00:13:43,001 --> 00:13:44,000 MR. MENDEZ: ALL RIGHT. 406 00:13:44,001 --> 00:13:46,000 SO WOULD THE PRESIDING OFFICER 407 00:13:46,001 --> 00:13:48,000 LET ME KNOW WHEN I'VE EXHAUSTED 408 00:13:48,001 --> 00:13:49,000 TWO OF MY THREE MINUTES HERE. 409 00:13:49,001 --> 00:13:50,000 THE PRESIDING OFFICER: YES. 410 00:13:50,001 --> 00:13:52,000 MR. MENENDEZ: MADAM PRESIDENT, 411 00:13:52,001 --> 00:13:54,000 I RISE ONCE AGAIN TO ASK 412 00:13:54,001 --> 00:13:56,000 UNANIMOUS CONSENT SHORTLY TO 413 00:13:56,001 --> 00:13:57,000 HOLD OIL COMPANIES 414 00:13:57,001 --> 00:14:00,000 FOR THEIR SPILLS. 415 00:14:00,001 --> 00:14:01,000 THIS IS REALLY A SENSE OF WHO IS 416 00:14:01,001 --> 00:14:05,000 ON YOUR SIDE. 417 00:14:05,001 --> 00:14:08,000 ARE WE GOING TO TAKE THE SIDE OF 418 00:14:08,001 --> 00:14:09,000 BIG OIL, OR ARE WE GOING TO TAKE 419 00:14:09,001 --> 00:14:10,000 THE SIDE OF COMMERCIAL 420 00:14:10,001 --> 00:14:12,000 FISHERMEN? 421 00:14:12,001 --> 00:14:14,000 ARE WE GOING TO TAKE THE SIDE OF 422 00:14:14,001 --> 00:14:16,000 BIG OIL, OR ARE WE GOING TO TAKE 423 00:14:16,001 --> 00:14:18,000 THE SIDE OF SHRIMP FISHERMEN? 424 00:14:18,001 --> 00:14:20,000 ARE WE GOING TAKE THE SIDE OF 425 00:14:20,001 --> 00:14:22,000 BIG OIL OR TAKE THE SIDE OF 426 00:14:22,001 --> 00:14:28,000 PRESERVING THE ESTUARIES THAT 427 00:14:28,001 --> 00:14:29,000 ARE SO CRITICAL AND YELT TH YET THAT WE SEE 428 00:14:29,001 --> 00:14:31,000 INCREASINGLY DEVASTATED WITH 429 00:14:31,001 --> 00:14:35,000 CONSEQUENCES TO THE ECOSYSTEMS 430 00:14:35,001 --> 00:14:37,000 THAT MAY GENERATION? 431 00:14:37,001 --> 00:14:39,000 ARE WE GOING TO TAKE THE SIDE OF 432 00:14:39,001 --> 00:14:41,000 BIG OIL AR STAND UP FOR THE 433 00:14:41,001 --> 00:14:43,000 TOURISM INDUSTRY THAT'S AFFECTED? 434 00:14:43,001 --> 00:14:45,000 ARE WE GOING TO STAND UP FOR BIG 435 00:14:45,001 --> 00:14:47,000 OIL OR ARE WE GOING TO STAND 436 00:14:47,001 --> 00:14:49,000 WITH THE VOTER WHO ULTIMATELY 437 00:14:49,001 --> 00:14:52,000 SEES HIS BOAT LANGUISHING IN THE 438 00:14:52,001 --> 00:14:54,000 WATERS BECAUSE HE CAN'T GO OUT, 439 00:14:54,001 --> 00:14:56,000 BECAUSE THERE'S NO ONE TO TAKE 440 00:14:56,001 --> 00:15:00,000 UP 441 00:15:00,001 --> 00:15:01,000 ARE WE 442 00:15:01,001 --> 00:15:03,000 GOING TO STAND UP FOR THE 443 00:15:03,001 --> 00:15:07,000 COMMUNITIES AND THE COAST ALONG 444 00:15:07,001 --> 00:15:09,000 THE GUL SHORES OR ARE WE GOING 445 00:15:09,001 --> 00:15:11,000 TO STAND UP WITH BIG OIL. 446 00:15:11,001 --> 00:15:12,000 THAT IS WHAT THIS IS ABOUT, 447 00:15:12,001 --> 00:15:14,000 ABOUT SETTING RESPONSIBILITY 448 00:15:14,001 --> 00:15:15,000 WHERE RESPONSIBILITY SHOULD LIE. 449 00:15:15,001 --> 00:15:19,000 I APPLAUD THAT THE PRESIDENT GOT 450 00:15:19,001 --> 00:15:21,000 B.P. TO SIGN UP TO \$20 BILLION 451 00:15:21,001 --> 00:15:23,000 OVER THE NEXT FOUR YEARS OR SO, 452 00:15:23,001 --> 00:15:24,000 BUT THAT DOESN'T MEAN THAT WE 453 00:15:24,001 --> 00:15:25,000 SHOULDN'T BE LIFTING THE 454 00:15:25,001 --> 00:15:32,000 LIABILITY CAP, A LIABILITY CAP 455 00:15:32,001 --> 00:15:34,000 THAT IS RIDICULOUSLY LOW AT \$75 456 00:15:34,001 --> 00:15:36,000 MILLION TOTAL WHEN B.P., FOR 457 00:15:36,001 --> 00:15:38,000 EXAMPLE, MAKES OVER \$90 MILLION 458 00:15:38,001 --> 00:15:40,000 A DAY. 459 00:15:40,001 --> 00:15:41,000 SO THEIR LIABILITY UNDER THE 460 00:15:41,001 --> 00:15:43,000 LAWMAKERS REGARDLESS OF WHAT 461 00:15:43,001 --> 00:15:44,000 THEY SAY IS, IS LESS THAN ONE 462 00:15:44,001 --> 00:15:49,000 DAY'S PROFIT. 463 00:15:49,001 --> 00:15:50,000 SO THIS IS 464 00:15:50,001 --> 00:15:52,000 THE PRESIDING OFFICER: THE 465 00:15:52,001 --> 00:15:53,000 SENATOR HAS USED TWO MINUTES. 466 00:15:53,001 --> 00:15:54,000 MR. MENDEZ: THANK YOU. 467 00:15:54,001 --> 00:15:56,000 THIS IS ABOUT MAKING SURE THAT 468 00:15:56,001 --> 00:15:57,000 AT THE END OF THE DAY WE STAND 469 00:15:57,001 --> 00:15:59,000 UP TO BIG OIL. 470 00:15:59,001 --> 00:16:00,000 I KNOW THERE ARE THOSE THAT 471 00:16:00,001 --> 00:16:01,000 SUGGEST -- MY COLLEAGUE HAS 472 00:16:01,001 --> 00:16:02,000 SUGGESTED, FROM LOUISIANA, THAT 473 00:16:02,001 --> 00:16:05,000 HE HAS A BETTER WAY. 474 00:16:05,001 --> 00:16:06,000 THE PROBLEM IS HIS BETTER WAY IS 475 00:16:06,001 --> 00:16:09,000 CONSTITUTIONALLY INFIRMED, AND 476 00:16:09,001 --> 00:16:13,000 THAT HAS BEEN REVIEWED BY THE CONGRESSIONAL RESEARCH SERVICE 477 00:16:13,001 --> 00:16:15,000 LEGISLATION THAT EFFECTIVELY 478 00:16:15,001 --> 00:16:18,000 DECLARES THE GUILT OR IMPOSES 479 00:16:18,001 --> 00:16:21,000 PUNISHMENT ON AN IDENTIFIABLE 480 00:16:21,001 --> 00:16:24,000 INDIVIDUAL OR ENTITY IS, IN 481 00:16:24,001 --> 00:16:25,000 ESSENCE, A BILL 482 00:16:25,001 --> 00:16:26,000 UNDER THE CONSTITUTION. 483 00:16:26,001 --> 00:16:27,000 THEREFORE, IT CAN'T WORK. 484 00:16:27,001 --> 00:16:29,000 I'VE HEARD HIM SAY I DON'T WANT 485 00:16:29,001 --> 00:16:31,000 TO COME HERE AND MAKE A SPEECH. 486 00:16:31,001 --> 00:16:34,000 I WANT TO SOLVE SOMETHING. 487 00:16:34,001 --> 00:16:35,000 THAT'S EXACTLY THE PROBLEM; THAT 488 00:16:35,001 --> 00:16:37,000 DOESN'T SOLVE ANYTHING BECAUSE 489 00:16:37,001 --> 00:16:38,000 IT IS CONSTITUTIOLLY INFIRMED. 490 00:16:38,001 --> 00:16:40,000 THEREFORE IT WOULD NOT APPLY. 491 00:16:40,001 --> 00:16:42,000 THEREFORE, WE WOULD NOT HAVE SUCCESS. 492 00:16:42,001 --> 00:16:44,000 BESIDES, IF IT'S GOOD E 493 00:16:44,001 --> 00:16:45,000 THIS INCIDENT, IT'S GOOD ENOUGH 494 00:16:45,001 --> 00:16:46,000 FOR ANY OTHER. 495 00:16:46,001 --> 00:16:47,000 UNDERSTANDING THAT, 496 00:16:47,001 --> 00:16:49,000 MADAM PRESIDENT, I WANT TO 497 00:16:49,001 --> 00:16:51,000 ENSURE THAT WE STAND ON THE SIDE 498 00:16:51,001 --> 00:16:52,000 WITH ALL THOSE COMMERCIAL 499 00:16:52,001 --> 00:16:54,000 INTERESTS. THE PRESIDING OFFICER: THE 500 00:16:54,001 --> 00:16:55,000 SENATOR'S TIME HAS EXPIRED. 501 00:16:55,001 --> 00:16:57,000 MR. MENDEZ: I ASK UNANIMOUS 502 00:16:57,001 --> 00:17:01,000 CONSENT THAT THE ENVIRONMENT AND PUBLIC WORKS COMMITTEE BE 503 00:17:01,001 --> 00:17:03,000 DISCHARGED OF S. 3472, THE BIG 504 00:17:03,001 --> 00:17:04,000 BAILOUT PREVENTION ON LIMITED 505 00:17:04,001 --> 00:17:05,000 LIABILITY AFTER 2010 AND THAT 506 00:17:05,001 --> 00:17:07,000 THE SENATE PROCEED TO ITS 507 00:17:07,001 --> 00:17:09,000 CONSIDERATION, THAT THE BILL BE 508 00:17:09,001 --> 00:17:10,000 READ THREE TIMES, PASSED, AND 509 00:17:10,001 --> 00:17:13,000 THE MOTION TO RECONSIDER BE LAID 510 00:17:13,001 --> 00:17:14,000 ON THE TABLE WITHOUT FURTHER 511 00:17:14,001 --> 00:17:15,000 INTERVENING ACTION OR DEBATE. THE PRESIDING OFFICER: IS 512 00:17:15,001 --> 00:17:16,000 THERE OBJECTION? 513 00:17:16,001 --> 00:17:19,000 MR. INHOFE: RESERVING THE RIGHT TO OBJECT. 514 00:17:19,001 --> 00:17:22,000 LET ME ASK YOU A QUESTION FIRST. 515 00:17:22,001 --> 00:17:23,000 THIS 3472, IS THIS THE 516 00:17:23,001 --> 00:17:24,000 NO CAPS? 517 00:17:24,001 --> 00:17:25,000 MR. MENDEZ: THIS IS THE ONE 518 00:17:25,001 --> 00:17:27,000 WITH UNLIMITED LIABILITY. 519 00:17:27,001 --> 00:17:28,000 MR. INHOFE: UNLIMITED LIABILITY. 520 00:17:28,001 --> 00:17:30,000 MADAM PRESIDENT, WE'VE TALKED 521 00:17:30,001 --> 00:17:31,000 ABOUT THIS BEFORE, AND ITOUNDS 522 00:17:31,001 --> 00:17:33,000 GOOD TO SAY BIG OIL. 523 00:17:33,001 --> 00:17:35,000 THIS WOULD BE THE GREATSEST 524 00:17:35,001 --> 00:17:37,000 THING FOR BIG OIL BECAUSE ONLY 525 00:17:37,001 --> 00:17:38,000 THE BIG FIVE -- 526 00:17:38,001 --> 00:17:39,000 THE PRESIDING OFFICER: THE 527 00:17:39,001 --> 00:17:41,000 SENATOR FROM NEW JERSEY'S TIME HAS EXPIRED. 528 00:17:41,001 --> 00:17:42,000 MR. INHOFE: I'M SORRY. THE PRESIDING OFFICER: THE 529 00:17:42,001 --> 00:17:43,000 SENATOR FROM NEW JERSEY'S TIME HAS EXPIRED. 530 00:17:43,001 --> 00:17:45,000 IS THERE OBJECTION? 531 00:17:45,001 --> 00:17:46,000 MR. INHOFE: I OBJECT. 532 00:17:46,001 --> 00:17:48,000 THE PRESIDING OFFICER: 533 00:17:48,001 --> 00:17:49,000 OBJECTION'S HEARD. 534 00:17:49,001 --> 00:17:52,000 MR. INHOFE: I ASK TO BE 535 00:17:52,001 --> 00:17:53,000 RECOGNIZED TO EXPLAIN MY OBJECTION. 536 00:17:53,001 --> 00:17:55,000 THE PRESIDING OFFICER: THERE 537 00:17:55,001 --> 00:17:57,000 IS TWO MINUTES REMAINING IN THE 538 00:17:57,001 --> 00:17:59,000 MAJORITY'S TIME THAT THE SENATOR 539 00:17:59,001 --> 00:18:01,000 FROM FLORIDA INTENDS TO USE. 540 00:18:01,001 --> 00:18:02,000 MR. NELSON: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 541 00:18:02,001 --> 00:18:05,000 SENATOR FROM FLORIDA. 542 00:18:05,001 --> 00:18:09,000 MR. NEON: THE OIL IS 543 00:18:09,001 --> 00:18:10,000 RELENTLESSLY MOVING EAST IN THE 544 00:18:10,001 --> 00:18:14,000 GULF OF MEXICO. 545 00:18:14,001 --> 00:18:15,000 A WEEK AND A HALF AGO IT HIT 546 00:18:15,001 --> 00:18:16,000 PERDIDO PASS. 547 00:18:16,001 --> 00:18:19,000 IT'S IN PERDIDO BAY. 548 00:18:19,001 --> 00:18:20,000 A WEEK AGO IT HIT PENSACOLA 549 00:18:20,001 --> 00:18:21,000 PASS. 550 00:18:21,001 --> 00:18:24,000 IT'S IN PENSACOLA BAY. 551 00:18:24,001 --> 00:18:27,000 YOU OUGHT TO SEE WHAT IT LOOKS LIKE. 552 00:18:27,001 --> 00:18:31,000 THERE ARE TAR BELLS. 553 00:18:31,001 --> 00:18:35,000 WE KNOW WHAT TAR BALLS LOOK LIKE. 554 00:18:35,001 --> 00:18:36,000 YOU OUGHT TO SEE WHAT THE 555 00:18:36,001 --> 00:18:38,000 REDISH-BROWN GUNK LOOKS LIKE 556 00:18:38,001 --> 00:18:41,000 THAT I SAW ON MONDAY AS THE WIND 557 00:18:41,001 --> 00:18:43,000 WAS BLOWING IT RIGHT TOWARDS 558 00:18:43,001 --> 00:18:48,000 DOWNTOWN PENSACOLA. 559 00:18:48,001 --> 00:18:51,000 AND NOW TODAY DESTINE PASS, 560 00:18:51,001 --> 00:18:54,000 FARTHER TO THE EAST, IS BEING CLOSED. 561 00:18:54,001 --> 00:18:58,000 BUT WHEN IT'S CLOSED BY A BOOM, 562 00:18:58,001 --> 00:19:00,000 IT WON'T STOP THE OIL IF THE OIL 563 00:19:00,001 --> 00:19:04,000 IS NOT ALREADY SKIMMED OFF OUT 564 00:19:04,001 --> 00:19:07,000 IN THE GULF, BECAUSE THE TAR 565 00:19:07,001 --> 00:19:10,000 BALLS WILL GO RIGHT UNDERNEATH 566 00:19:10,001 --> 00:19:15,000 THE BOOM, AND TIDES COME RUSHING 567 00:19:15,001 --> 00:19:17,000 INTO THE PASS AT SIX TO ATE 568 00:19:17,001 --> 00:19:19,000 KNOTS -- BE AT SIX TO EIGHT 569 00:19:19,001 --> 00:19:20,000 KNOTS AND A BOOM WILL NOT STOP 570 00:19:20,001 --> 00:19:21,000 THE OIL. 571 00:19:21,001 --> 00:19:24,000 THIS IS WHAT WE'RE FACING. 572 00:19:24,001 --> 00:19:27,000 AND WE'RE FACING THE ECONOMIC 573 00:19:27,001 --> 00:19:30,000 DEVASTATIOAS A RESULT OF A 574 00:19:30,001 --> 00:19:33,000 DESPOILING OF THE COAST THAT 575 00:19:33,001 --> 00:19:34,000 RELIES SO MUCH OF ITS ECONOMY ON 576 00:19:34,001 --> 00:19:37,000 THAT COAST BEING PRISTINE 577 00:19:37,001 --> 00:19:38,000 WHR-RBGS IT'S TOUR -- WHETHER 578 00:19:38,001 --> 00:19:44,000 IT'S TOURISM, WHETHER IT'S 579 00:19:44,001 --> 00:19:45,000 FISHING, WHETHER IT'S OYSTER, 580 00:19:45,001 --> 00:19:47,000 SHRIMP, ET CETERA. 581 00:19:47,001 --> 00:19:49,000 SO WHY SHOULD NOT THE COMPANY 582 00:19:49,001 --> 00:19:52,000 THAT YET PRECEDENT HAS BEEN SET 583 00:19:52,001 --> 00:19:54,000 YESTERDAY BY THEM SETTING UP A 584 00:19:54,001 --> 00:19:56,000 \$20 BILLION TRUST FUND -- BUT 585 00:19:56,001 --> 00:19:58,000 THAT'S NOT A LIMIT. 586 00:19:58,001 --> 00:19:59,000 WHY SHOULDN'T WE SET -- IS MY 587 00:19:59,001 --> 00:20:00,000 TIME EXPIRED? 588 00:20:00,001 --> 00:20:02,000 THE PRESIDING OFFICER: THE 589 00:20:02,001 --> 00:20:03,000 SENATOR'S TIME IS EXPIRED. 590 00:20:03,001 --> 00:20:04,000 MR. NELSON: IF I MAY FINISH MY 591 00:20:04,001 --> 00:20:06,000 SENTENCE. 592 00:20:06,001 --> 00:20:09,000 WHY SHOULD WE NOT ALLOW ANY KIND 593 00:20:09,001 --> 00:20:12,000 OF FUTURE DEVASTATION BY A 594 00:20:12,001 --> 00:20:13,000 COMPANY TO HAVE THE SAME LIABILITY? 595 00:20:13,001 --> 00:20:14,000 THANK YOU. 596 00:20:14,001 --> 00:20:15,000 MR. INHOFE: MADAM PRESIDENT? 597 00:20:15,001 --> 00:20:16,000 THE PRESIDING OFFICER: THE 598 00:20:16,001 --> 00:20:18,000 SENATOR FROM OKLAHOMA. 599 00:20:18,001 --> 00:20:19,000 MR. INHOFE: FIRST OF ALL, I 600 00:20:19,001 --> 00:20:21,000 DON'T DISAGREE WITH ANYTHING 601 00:20:21,001 --> 00:20:22,000 THAT WAS JUST SAID BY MY FRIEND, 602 00:20:22,001 --> 00:20:24,000 MY VERY GOOD FRIEND FROM FLORIDA. 603 00:20:24,001 --> 00:20:26,000 IT IS A DEVASTATING THING. 604 00:20:26,001 --> 00:20:27,000 I HAVE NO LOVE FOR B.P. 605 00:20:27,001 --> 00:20:29,000 I CAN ASSURE YOU, THEY'RE NOT 606 00:20:29,001 --> 00:20:31,000 ANY FRIENDS OF THIS SIDE OVER HERE. 607 00:20:31,001 --> 00:20:35,000 I ONLY HAVE TO SAY THIS. 608 00:20:35,001 --> 00:20:37,000 IF YOU WANT TO SHUT OUT EVERYONE 609 00:20:37,001 --> 00:20:39,000 FROM THEIR 610 00:20:39,001 --> 00:20:41,000 DEEP WATER OR OTHERWISE, YOU GO 611 00:20:41,001 --> 00:20:42,000 AHEAD AND DO SOMETHING LIKE 612 00:20:42,001 --> 00:20:44,000 THIS, THIS WOULD ONLY HELP THE 613 00:20:44,001 --> 00:20:45,000 BIG FIVE OR THE NAT 614 00:20:45,001 --> 00:20:46,000 COMPANIES. 615 00:20:46,001 --> 00:20:49,000 THAT'S CHINA AND VENEZUELA. 616 00:20:49,001 --> 00:20:53,000 WITHOUT A CAP, THEY'D BE THE 617 00:20:53,001 --> 00:20:54,000 ONLY ONES WHO COULD EXPLORE OUT 618 00:20:54,001 --> 00:20:55,000 THERE. 619 00:20:55,001 --> 00:21:01,000 THEY DON'T HAVE WHAT'S NECESSARY 620 00:21:01,001 --> 00:21:05,000 TO DO THE AMOUNT OF WHAT'S 621 00:21:05,001 --> 00:21:06,000 NEED TO RUN THIS BIG MACHINE 622 00:21:06,001 --> 00:21:07,000 CALLED AMERICA. 623 00:21:07,001 --> 00:21:09,000 THERE IS A DISCUSSION GOING ON. 624 00:21:09,001 --> 00:21:10,000 IT WILL BE INCLUDING WHAT TYPES 625 00:21:10,001 --> 00:21:12,000 OF CAPS SHOULD BE GOING ON. 626 00:21:12,001 --> 00:21:13,000 THEY ARE THE ONES CONSIDERING 627 00:21:13,001 --> 00:21:16,000 EVERYTHING. I THINK THEY SHOULD HAVE TIME TO 628 00:21:16,001 --> 00:21:17,000 DO THEIR OWN WORK. 629 00:21:17,001 --> 00:21:18,000 BUT I DON'T DISAGREE WITH 630 00:21:18,001 --> 00:21:19,000 ANYTHING EITHER ONE OF THE 631 00:21:19,001 --> 00:21:21,000 SENATORS 632 00:21:21,001 --> 00:21:23,000 I WILL YIELD THE 633 00:21:23,001 --> 00:21:24,000 TIME TO THE SENATOR FROM 634 00:21:24,001 --> 00:21:26,000 NEBRASKA. 635 00:21:26,001 --> 00:21:27,000 MR. JOHANNS: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 636 00:21:27,001 --> 00:21:29,000 SENATOR FROM NEBRASKA. 637 00:21:29,001 --> 00:21:31,000 MR. JOHANNS: MAY I INQUIRE HOW 638 00:21:31,001 --> 00:21:32,000 MUCH TIME IS LEFT? 639 00:21:32,001 --> 00:21:33,000 THE PRESIDING OFFICER: 8 MINUTES. 640 00:21:33,001 --> 00:21:35,000 MR. JOHANNS: IF I COULD BE 641 00:21:35,001 --> 00:21:37,000 FOREWARNED WHEN THERE IS A MINUTE LEFT? 642 00:21:37,001 --> 00:21:39,000 THE PRESIDING OFFICER: YES. MR. JOHANNS: MADAM PRESIDENT, 643 00:21:39,001 --> 00:21:40,000 I RISE TODAY TO DISCUSS AN ISSUE 644 00:21:40,001 --> 00:21:41,000 OF, I BELIEVE, SIGNIFICANT 645 00:21:41,001 --> 00:21:42,000 IMPORTANCE TO OUR NATION'S 646 00:21:42,001 --> 00:21:45,000 ECONOMY. 647 00:21:45,001 --> 00:21:48,000 THERE'S BEEN A LOT OF TALK 648 00:21:48,001 --> 00:21:50,000 LATELY ABOUT THE WHOLE IDEA OF 649 00:21:50,001 --> 00:21:53,000 INCREASING EXPORTS. 650 00:21:53,001 --> 00:21:54,000 NOW I, LIKE I WOULD GUESS, EVERY 651 00:21:54,001 --> 00:22:00,000 OTHER MEMBER OF THIS BODY 652 00:22:00,001 --> 00:22:01,000 SUPPORTS THAT GOAL OF EXPANDING EXPORTS. 653 00:22:01,001 --> 00:22:02,000 INCREASING EXPORTS MEANS 654 00:22:02,001 --> 00:22:04,000 COMPANIES WILL SELL MORE OF 655 00:22:04,001 --> 00:22:05,000 THEIR GOODS AND SERVICES INTO 656 00:22:05,001 --> 00:22:07,000 MORE MARKETS AROUND THE WORLD. 657 00:22:07,001 --> 00:22:10,000 A NUMBER OF THOSE COMPANIES, I 658 00:22:10,001 --> 00:22:13,000 MIGHT ADD, ARE FOUND IN RURAL 659 00:22:13,001 --> 00:22:14,000 COMMUNITIES, FOUND IN STATES 660 00:22:14,001 --> 00:22:15,000 LIKE NEBRASKA. 661 00:22:15,001 --> 00:22:16,000 I WAS SITTING THERE, 662 00:22:16,001 --> 00:22:19,000 MADAM PRESIDENT, WHEN PRESIDENT 663 00:22:19,001 --> 00:22:20,000 OBAMA IN HIS STATE OF THE UNION 664 00:22:20,001 --> 00:22:23,000 ADDRESS SET A GOAL. 665 00:22:23,001 --> 00:22:25,000 HE SAID, I WANT TO DOUBLE 666 00:22:25,001 --> 00:22:27,000 EXPORTS IN THE NEXT FIVE YEARS. 667 00:22:27,001 --> 00:22:32,000 SINCE THEN, THE ADMINISTRATION 668 00:22:32,001 --> 00:22:33,000 HAS PUSHED ITS NATIONAL EXPORT 669 00:22:33,001 --> 00:22:35,000 INITIATIVE, WHICH APPEARS TO BE 670 00:22:35,001 --> 00:22:37,000 ABOUT INCREASING SPENDING IN THE 671 00:22:37,001 --> 00:22:39,000 SIZE OF GOVERNMENT, BUT A MORE 672 00:22:39,001 --> 00:22:43,000 SENSIBLE COURSE OF ACTION WOULD 673 00:22:43,001 --> 00:22:46,000 TRULY BE TO INCREASE EXPORTS, SELL MORE. 674 00:22:46,001 --> 00:22:47,000 I'M TALKING ABOUT FREE TRADE 675 00:22:47,001 --> 00:22:49,000 AGREEMENTS HERE. 676 00:22:49,001 --> 00:22:50,000 THE PREVIOUS ADMINISTRATION 677 00:22:50,001 --> 00:22:52,000 NEGOTIATED A NUMBER OF TRADE 678 00:22:52,001 --> 00:22:55,000 AGREEMENTS, BUT THERE ARE THREE 679 00:22:55,001 --> 00:22:56,000 PENDING FROM THE PREVIOUS 680 00:22:56,001 --> 00:22:59,000 ADMINISTRATION: COLOMBIA, SOUTH 681 00:22:59,001 --> 00:23:00,000 KOREA, AND PANAMA. 682 00:23:00,001 --> 00:23:02,000 UNFORTUNATELY, THESE AGREEMENTS 683 00:23:02,001 --> 00:23:04,000 HAVE BEEN LANGUISHING SINCE THEY 684 00:23:04,001 --> 00:23:07,000 WERE FIRST AGREED TO. 685 00:23:07,001 --> 00:23:10,000 NOW AROUND THREE YEARS AGO. 686 00:23:10,001 --> 00:23:13,000 THE CURRENT ADMINISTRATION 687 00:23:13,001 --> 00:23:14,000 BRIEFLY SEEMED TO BE ON THE 688 00:23:14,001 --> 00:23:17,000 RIGHT TRACK, WHEN THE PRESIDENT 689 00:23:17,001 --> 00:23:18,000 STATED HIS GOAL OF STRENGTHENING 690 00:23:18,001 --> 00:23:21,000 TRADE WITH COLOMBIA, SOUTH 691 00:23:21,001 --> 00:23:23,000 KOREA, AND PANAMA, AGAIN IN THE 692 00:23:23,001 --> 00:23:25,000 STATE OF THE UNION ADDRESS. 693 00:23:25,001 --> 00:23:26,000 NOW, I WAS PLACED -- I WAS 694 00:23:26,001 --> 00:23:28,000 PLEASED TO HEAR THAT. 695 00:23:28,001 --> 00:23:30,000 I THOUGHT THE PRESIDENT REALLY 696 00:23:30,001 --> 00:23:33,000 HIT THE RIGHT TONE THERE. 697 00:23:33,001 --> 00:23:35,000 I MUST ADMIT, THOUGH, UP TO THAT 698 00:23:35,001 --> 00:23:37,000 POINT, THE ADMINISTRATION'S 699 00:23:37,001 --> 00:23:38,000 TRADE POLICY WAS ENORMOUSLY 700 00:23:38,001 --> 00:23:40,000 UNCLEAR TO ME. 701 00:23:40,001 --> 00:23:42,000 AND I GUARANTEE IT WAS TO 702 00:23:42,001 --> 00:23:44,000 EVERYBODY ELSE. 703 00:23:44,001 --> 00:23:47,000 WELL, I THOUGHTHAT FINALLY WE 704 00:23:47,001 --> 00:23:49,000 HAD A TRADE POLICY, BUT 705 00:23:49,001 --> 00:23:52,000 UNFORTUNATELY, SINCE THAT SPEECH 706 00:23:52,001 --> 00:23:56,000 THERE'S BEEN NO ACTION. 707 00:23:56,001 --> 00:23:57,000 SO, I HAVE TO ASK: WHAT'S THE HOLDUP? 708 00:23:57,001 --> 00:24:00,000 I DON'T KNOW HOW YOU CAN CLAIM 709 00:24:00,001 --> 00:24:02,000 THAT YOUR GOAL IS TO DOUBLE 710 00:24:02,001 --> 00:24:04,000 EXPORTS AND THEN NOT TAKE THE 711 00:24:04,001 --> 00:24:06,000 ACTION ON PENDING TRADE 712 00:24:06,001 --> 00:24:08,000 AGREEMENTS WHICH PROVIDE THE 713 00:24:08,001 --> 00:24:09,000 VERY DIRECT READY-MADE WAY TO 714 00:24:09,001 --> 00:24:12,000 MOVE US FORWARD. 715 00:24:12,001 --> 00:24:14,000 EACH ONE OF THESE AGREEMENTS 716 00:24:14,001 --> 00:24:17,000 LOWERS TARIFFS ON AMERICA'S 717 00:24:17,001 --> 00:24:18,000 GOODS AND SERVICES. 718 00:24:18,001 --> 00:24:20,000 AND I WILL TELL YOU FROM A LOT 719 00:24:20,001 --> 00:24:23,000 OF EXPERIENCE THAT,'S THE 720 00:24:23,001 --> 00:24:24,000 QUICKEST WAY TO INCREASE 721 00:24:24,001 --> 00:24:26,000 EXPORTS. 722 00:24:26,001 --> 00:24:27,000 WITH U.S. UNEMPLOYMENT NOW 723 00:24:27,001 --> 00:24:30,000 HOVERING AROUND 10%, WE SHOULD 724 00:24:30,001 --> 00:24:33,000 BE FOCUSED LIKE A LASER BEAM ON 725 00:24:33,001 --> 00:24:35,000 HELPING BUSINESSES GROW AND 726 00:24:35,001 --> 00:24:37,000 CREATE JOBS. 727 00:24:37,001 --> 00:24:39,000 ENACTING THE PENDING TRADE 728 00:24:39,001 --> 00:24:40,000 AGREEMENTS WILL HELPS GET THERE. 729 00:24:40,001 --> 00:24:42,000 THE UNITED STATES CHAMBER OF 730 00:24:42,001 --> 00:24:44,000 COMMERCE ESTIMATES THAT THESE 731 00:24:44,001 --> 00:24:48,000 AGREEMENTS COULD BOLSTER OUR 732 00:24:48,001 --> 00:24:49,000 ECONOMY BY \$40 BILLION. 733 00:24:49,001 --> 00:24:51,000 CONVERSELY, IF THE UNITED STATES 734 00:24:51,001 --> 00:24:53,000 FAILS TO IMPLEMENT THE 735 00:24:53,001 --> 00:24:56,000 AGREEMENTS WITH COLOMBIA AND 736 00:24:56,001 --> 00:24:59,000 KOREA, THE CHAMBER ESTIMATES 737 00:24:59,001 --> 00:25:03,000 THAT MORE THAN 380,000 U.S. JOBS 738 00:25:03,001 --> 00:25:05,000 WILL BE LOST OR DISPHRAEUFD. 739 00:25:05,001 --> 00:25:06,000 THE -- DISPLACED. 740 00:25:06,001 --> 00:25:07,000 THE TRADE AGREEMENTS WERE 741 00:25:07,001 --> 00:25:09,000 NEGOTIATED NEARLY THREE YEARS 742 00:25:09,001 --> 00:25:11,000 AGO, YET THEY HAVE NOT COME TO 743 00:25:11,001 --> 00:25:14,000 THE CONGRESS. 744 00:25:14,001 --> 00:25:17,000 WHILE WE FAIL TO ACT, OUR GLOBAL 745 00:25:17,001 --> 00:25:18,000 COMPETITORS ARE LOCKING UP THESE 746 00:25:18,001 --> 00:25:21,000 MARKETPLACES. 747 00:25:21,001 --> 00:25:23,000 SEVERAL NATIONS ARE NEGOTIATING 748 00:25:23,001 --> 00:25:24,000 OR FINALIZING WITH THE SAME 749 00:25:24,001 --> 00:25:26,000 THREE COUNTRIES. 750 00:25:26,001 --> 00:25:28,000 YET, OUR AGREEMENTS WITH THOSE 751 00:25:28,001 --> 00:25:30,000 SAME COUNTRIES ARE SIGNED AND 752 00:25:30,001 --> 00:25:34,000 SEALED AND READY FOR A VOTE. 753 00:25:34,001 --> 00:25:36,000 OUR COMPETITORS ARE JUST VERY 754 00:25:36,001 --> 00:25:38,000 SIMPLY, MADAM PRESIDENT, GAINING 755 00:25:38,001 --> 00:25:41,000 AN ADVANTAGE OVER OUR PRODUCERS, 756 00:25:41,001 --> 00:25:42,000 OUR EXPORTERS, OUR EMPLOYEES, 757 00:25:42,001 --> 00:25:43,000 AND THEY'RE LAUGHING ALL THE WAY 758 00:25:43,001 --> 00:25:45,000 TO THE BANK. 759 00:25:45,001 --> 00:25:47,000 AND NOW WE EVEN HAVE 760 00:25:47,001 --> 00:25:49,000 REPRESENTATIVES FROM THOSE 761 00:25:49,001 --> 00:25:51,000 COUNTRIES SAYING THEY'RE READY 762 00:25:51,001 --> 00:25:54,000 TO MOVE FORWARD WITHOUT US. 763 00:25:54,001 --> 00:25:56,000 EARLIER THIS WEEK A RESPECTED 764 00:25:56,001 --> 00:25:59,000 PUBLICATION, "THE DES MOINES 765 00:25:59,001 --> 00:26:00,000 REGISTER" QUOTED THE MINISTER 766 00:26:00,001 --> 00:26:02,000 FOR ECONOMIC AFFAIRS AT THE 767 00:26:02,001 --> 00:26:04,000 SOUTH KOREAN EMBASSY AS SAYING 768 00:26:04,001 --> 00:26:07,000 THIS -- AND I'M QUOTING -- "THE 769 00:26:07,001 --> 00:26:10,000 U.S. RUNS THE RISK OF LOSING THE 770 00:26:10,001 --> 00:26:12,000 KOREAN MARKET WITHIN A DECADE IF 771 00:26:12,001 --> 00:26:15,000 YOU CAN'T GET A FREE TRADE 772 00:26:15,001 --> 00:26:16,000 AGREEMENT RATIFIED." 773 00:26:16,001 --> 00:26:17,000 UNQUOTE. 774 00:26:17,001 --> 00:26:18,000 FURTHERMORE, THE ARTICLE 775 00:26:18,001 --> 00:26:21,000 REPORTED THAT SOUTH KOREA IS 776 00:26:21,001 --> 00:26:23,000 LIKELY TO COMPLETE A FREE TRADE 777 00:26:23,001 --> 00:26:24,000 AGREEMENT WITH THE EUROPEAN BE 778 00:26:24,001 --> 00:26:27,000 UNION BY JANUARY. 779 00:26:27,001 --> 00:26:29,000 SO WE'RE NOT JUST AT RISK OF 780 00:26:29,001 --> 00:26:32,000 LOSING THE OPPORNITY TO 781 00:26:32,001 --> 00:26:34,000 INCREASE EXPORTS IF OTHER 782 00:26:34,001 --> 00:26:36,000 COUNTRIES KEEP NEGOTIATING TRADE 783 00:26:36,001 --> 00:26:39,000 AGREEMENTS WHILE THIS GREAT 784 00:26:39,001 --> 00:26:40,000 NATION SITS ON ITS HANDS, WE'RE 785 00:26:40,001 --> 00:26:42,000 GOING TO LOSE THE MARKET SHARE 786 00:26:42,001 --> 00:26:44,000 THAT WE HAVE TODAY. 787 00:26:44,001 --> 00:26:47,000 AND I SUSPECT THAT THIS IS JUST 788 00:26:47,001 --> 00:26:48,000 THE BEGINNING, MADAM PRESIDENT. 789 00:26:48,001 --> 00:26:51,000 THESE COUNTRIES AREN'T GOING TO 790 00:26:51,001 --> 00:26:55,000 WAIT AROUND FOREVER WHILE WE 791 00:26:55,001 --> 00:26:57,000 TWIT TELL OUR THUMBS AND HOPE 792 00:26:57,001 --> 00:26:59,000 THAT THROWING MONEY AT A FEW 793 00:26:59,001 --> 00:27:01,000 GOVERNMENT AGENCIES AND 794 00:27:01,001 --> 00:27:05,000 HIRING MORE GOVERNMENT K 795 00:27:05,001 --> 00:27:07,000 EMPLOYEES WILL SOMEHOW INCREASE EXPORTS. 796 00:27:07,001 --> 00:27:09,000 EACH NATION WE'VE SAT DOWN WITH, 797 00:27:09,001 --> 00:27:11,000 WE NEGOTIATED WITH, WE FOUND 798 00:27:11,001 --> 00:27:14,000 COMMON GROUND AND REACHED AGREEMENT. 799 00:27:14,001 --> 00:27:17,000 NOW IT'S TIME FOR THE FINAL STEP. 800 00:27:17,001 --> 00:27:20,000 THE STEP IS TO VOTE ON THE AGREEMENTS. 801 00:27:20,001 --> 00:27:21,000 THINK OF THE BIG PICTURE. 802 00:27:21,001 --> 00:27:23,000 ROUGHLY 95%F THE WORLD'S 803 00:27:23,001 --> 00:27:24,000 CONSERS LIVE OUTSIDE THE 804 00:27:24,001 --> 00:27:27,000 UNITED STATES. 805 00:27:27,001 --> 00:27:32,000 THE GLOBAL MARKETPLACE IS ASKING 806 00:27:32,001 --> 00:27:33,000 FOR US TO GO AND DO BUSINESS 807 00:27:33,001 --> 00:27:34,000 THERE. 808 00:27:34,001 --> 00:27:37,000 IT IS IMPORTANT AGRICULTURE, BUT 809 00:27:37,001 --> 00:27:38,000 IT'S ALSO IMPORTANT TO OUR 810 00:27:38,001 --> 00:27:42,000 ENTIRE ECONOMY. 811 00:27:42,001 --> 00:27:45,000 YOU SEE, IN AGRICULTURE, EXPORTS 812 00:27:45,001 --> 00:27:48,000 ACCOUNT FOR OVER 25% OF TOTAL AG SALES. 813 00:27:48,001 --> 00:27:51,000 WE LIKE TO SAY THAT EVERY THIRD 814 00:27:51,001 --> 00:27:53,000 ROW OF CROPS IS SOLD INTO THE 815 00:27:53,001 --> 00:27:55,000 INTERNATIONAL MARKETPLACE. 816 00:27:55,001 --> 00:27:58,000 IN FACT, AGRICULTURE IS ONE OF 817 00:27:58,001 --> 00:28:01,000 THE FEW AREAS WHERE THE U.S. HAS 818 00:28:01,001 --> 00:28:02,000 A NET TRADE SURPLUS IN RECENT YEARS. 819 00:28:02,001 --> 00:28:05,000 SO THESE AGREEMENTS ARE 820 00:28:05,001 --> 00:28:06,000 NECESSARY FOR AGRICULTURE, FOR 821 00:28:06,001 --> 00:28:08,000 FARMERS AND RANCHERS. 822 00:28:08,001 --> 00:28:10,000 THEY'RE GOOD FOR SMALL 823 00:28:10,001 --> 00:28:12,000 BUSINESSES IN MY STATE AND 824 00:28:12,001 --> 00:28:14,000 ACROSS THE COUNTRY. 825 00:28:14,001 --> 00:28:15,000 MADAM PRESIDENT, AS SECRETARY OF 826 00:28:15,001 --> 00:28:17,000 AGRICULTURE, I TRAVELED THE 827 00:28:17,001 --> 00:28:19,000 WORLD HELPING TO NEGOTIATE TRADE DEALS. 828 00:28:19,001 --> 00:28:21,000 I'VE SEEN THE POSITIVE RESULTS 829 00:28:21,001 --> 00:28:23,000 FOR EXPORTERS. 830 00:28:23,001 --> 00:28:25,000 I'VE SEEN FIRSTHAND THE 831 00:28:25,001 --> 00:28:26,000 IMPORTANCE OF THESE PENDING 832 00:28:26,001 --> 00:28:27,000 AGREEMENTS. 833 00:28:27,001 --> 00:28:30,000 EACH ONE WOULD LEVEL THE PLAYING 834 00:28:30,001 --> 00:28:32,000 FIELD FOR AMERICA'S FARMERS AND 835 00:28:32,001 --> 00:28:34,000 RANCHERS AND COMPANIES, CREATING 836 00:28:34,001 --> 00:28:35,000 JOBS, HELPING TO REINVIGORATE 837 00:28:35,001 --> 00:28:39,000 OUR ECONOMY. 838 00:28:39,001 --> 00:28:41,000 IF WE'RE GOING TO MEET THIS GOAL 839 00:28:41,001 --> 00:28:43,000 OF DOUBLING EXPORTS, WE HAVE TO 840 00:28:43,001 --> 00:28:45,000 DO MORE THAN GIVE A SPEECH. 841 00:28:45,001 --> 00:28:48,000 WE HAVE TO TAKE THESE AGREEMENTS 842 00:28:48,001 --> 00:28:50,000 AND PUT THEM INTO THE EQUATION, 843 00:28:50,001 --> 00:28:53,000 AND GET A VOTE ON THEM. 844 00:28:53,001 --> 00:28:55,000 CONSIDER THIS: AMERICAN 845 00:28:55,001 --> 00:28:58,000 PRODUCERS ARE CURRENTLY FORCED 846 00:28:58,001 --> 00:28:59,000 TO PAY SUBSTANTIAL TRAVERSE ON 847 00:28:59,001 --> 00:29:01,000 THEIR EXPORTS -- ON THEIR 848 00:29:01,001 --> 00:29:04,000 EXPORTS TO COLOMBIA, TO SOUTH 849 00:29:04,001 --> 00:29:05,000 KOREA, TO PANAMA. 850 00:29:05,001 --> 00:29:08,000 THESE AGREEMENTS WOULD WIPE OUT 851 00:29:08,001 --> 00:29:10,000 MOST, IF NOT ALL, OF THOSE TARIFFS. 852 00:29:10,001 --> 00:29:12,000 ROUGHLY \$2.8 BILLION IN TARIFFS 853 00:29:12,001 --> 00:29:14,000 ON AMERICAN EXPORTS HAVE BEEN 854 00:29:14,001 --> 00:29:15,000 PAID TO COLOMBIA ALONE SINCE THE 855 00:29:15,001 --> 00:29:21,000 COLUMBIAN AGREEMENT WAS SIGNED 856 00:29:21,001 --> 00:29:22,000 IN NOVEMBER OF 2006. 857 00:29:22,001 --> 00:29:23,000 THAT'S \$2.8 MILLION THAT COULD 858 00:29:23,001 --> 00:29:27,000 HAVE STAYED HERE IN THE UNITED 859 00:29:27,001 --> 00:29:29,000 STATES TO HIRE NEW WORKERS. 860 00:29:29,001 --> 00:29:32,000 MOST AMERICANS PROBABLY ASSUME 861 00:29:32,001 --> 00:29:33,000 COLOMBIAN EXPORTERS PAY THE 862 00:29:33,001 --> 00:29:36,000 IDENTICAL U.S. TARIFFS, BUT 863 00:29:36,001 --> 00:29:38,000 THAT'S NOT THE REALITY. 864 00:29:38,001 --> 00:29:40,000 COLOMBIAN PRODUCERS DO NOT PAY A 865 00:29:40,001 --> 00:29:42,000 NICKEL ON 90% OF THE PRODUCTS 866 00:29:42,001 --> 00:29:44,000 THEY SELL IN THE U.S. 867 00:29:44,001 --> 00:29:46,000 THE COLOMBIAN TRADE AGREEMENT 868 00:29:46,001 --> 00:29:48,000 WOULD ALLOW AMERICAN PRODUCERS 869 00:29:48,001 --> 00:29:50,000 TO COMPETE ON A LEVEL PLAYING 870 00:29:50,001 --> 00:29:51,000 FIELD. 871 00:29:51,001 --> 00:29:54,000 THE PRESIDING OFFICER: THE 872 00:29:54,001 --> 00:29:58,000 SENATOR HAS ONE MINUTE. 873 00:29:58,001 --> 00:30:01,000 MR. JOHANNS: 874 00:30:01,001 --> 00:30:02,000 I COULD GO ON THROUGH EACH 875 00:30:02,001 --> 00:30:03,000 AGREEMENT AND SAY, WHAT THEY'RE 876 00:30:03,001 --> 00:30:04,000 ABOUT TO BRINGING TARIFFS DOWN 877 00:30:04,001 --> 00:30:05,000 FOR OUR PRODUCTS TT WE'RE 878 00:30:05,001 --> 00:30:07,000 PAYING TODAY. 879 00:30:07,001 --> 00:30:09,000 WELL, I'VE GIVEN THIS SPEECH 880 00:30:09,001 --> 00:30:13,000 NOW, I THINK, TWICE HERE ON THE 881 00:30:13,001 --> 00:30:15,000 FLOOR OF THE SENATE; A NUMBER OF 882 00:30:15,001 --> 00:30:17,000 TIMES, AS I HAVE BEEN OUT AND 883 00:30:17,001 --> 00:30:19,000 TALKED TO PEOPLE ACROSS THIS COUNTRY. 884 00:30:19,001 --> 00:30:21,000 I HOPE THIS IS THE LAST TIME I 885 00:30:21,001 --> 00:30:23,000 NEED TO COME HERE TO ADVOCATE 886 00:30:23,001 --> 00:30:26,000 JUST TO GIVE US A VOTE. 887 00:30:26,001 --> 00:30:27,000 MY HOPE IS THAT THE 888 00:30:27,001 --> 00:30:29,000 ADMINISTRATION WILL SEND THESE 889 00:30:29,001 --> 00:30:30,000 AGREEMENTS TO THE UNITED STATES 890 00:30:30,001 --> 00:30:32,000 CONGRESS FOR ACTION. 891 00:30:32,001 --> 00:30:45,000 THANK YOU, MA 892 00:30:45,001 --> 00:30:47,000 I YIELD THE FLOOR. 893 00:30:47,001 --> 00:30:48,000 THE PRESIDING OFFICER: MORNING 894 00:30:48,001 --> 00:30:49,000 BUSINESS IS CLOSED. UNDER THE PREVIOUS ORDER, THE 895 00:30:49,001 --> 00:30:51,000 SENATE WILL RESUME CONSIDERATION 896 00:30:51,001 --> 00:30:53,000 OF THE HOUSE MESSAGE TO 897 00:30:53,001 --> 00:30:55,000 ACCOMPANY H.R. 4 898 00:30:55,001 --> 00:30:56,000 CLERK WILL REPORT. THE CLERK: MOTION TO 899 00:30:56,001 --> 00:30:57,000 RECONSIDER TO CONCUR IN THE 900 00:30:57,001 --> 00:30:59,000 HOUSE AMENDMENT TO THE SENATE 901 00:30:59,001 --> 00:31:01,000 AMENDMENT WITH AN AMENDMENT TO 902 00:31:01,001 --> 00:31:04,000 H.R. 4213, AN ACT TO AMEND THE 903 00:31:04,001 --> 00:31:05,000 INTERNAL REVENUE CODE OF 1986, 904 00:31:05,001 --> 00:31:06,000 TO EXTEND CERTAIN EXPIRING 905 00:31:06,001 --> 00:31:08,000 PROVISIONS, AND FOR OTHER 906 00:31:08,001 --> 00:31:09,000 PURPOSES. 907 00:31:09,001 --> 00:31:10,000 MR. BAUCUS: MADAM PRESIDENT? 908 00:31:10,001 --> 00:31:11,000 THE PRESIDING OFFICER: THE 909 00:31:11,001 --> 00:31:12,000 SENATOR FROM MONTANA. 910 00:31:12,001 --> 00:31:14,000 MR. BAUCUSMADAM PRESIDENT, 911 00:31:14,001 --> 00:31:17,000 ONCE AGAIN WE'RE HERE TODAY TO 912 00:31:17,001 --> 00:31:18,000 TRY TO HELP CREATE JOBS. 913 00:31:18,001 --> 00:31:20,000 THAT'S WHAT THE UNDERLYING BILL 914 00:31:20,001 --> 00:31:23,000 AND SUBSTITUTE AMENDMENT ARE ALL 915 00:31:23,001 --> 00:31:26,000 B BUT THE THUNE AMENDMENT WOULD 916 00:31:26,001 --> 00:31:28,000 MOVE IN THE WRONG DIRECTION. 917 00:31:28,001 --> 00:31:31,000 INSTEAD OF HELPING TO CREATE 918 00:31:31,001 --> 00:31:35,000 JOBS, THE THUNE AMENDMENT WOULD 919 00:31:35,001 --> 00:31:38,000 PROBABLY COST JOBS. 920 00:31:38,001 --> 00:31:41,000 THE THUNE AMENDMENT WOULD REDUCE AGGREGATE DEMAND IN THE ECONOMY 921 00:31:41,001 --> 00:31:42,000 MORE THAN \$50 BILLION. 922 00:31:42,001 --> 00:31:45,000 INSTEAD OF CONTINUING THE GOOD 923 00:31:45,001 --> 00:31:46,000 THAT THE RECOVERY ACT HAS DONE, 924 00:31:46,001 --> 00:31:49,000 THE THUNE AMENDMENT WOULD STOP 925 00:31:49,001 --> 00:31:51,000 IT IN ITS TRACKS. 926 00:31:51,001 --> 00:31:55,000 THE THUNE AMENDMENT WOULD, AMONG 927 00:31:55,001 --> 00:31:56,000 OTHER THINGS, CANCEL UNSPENT AND 928 00:31:56,001 --> 00:31:58,000 UNALLOCATED MANDATORY SPENDING 929 00:31:58,001 --> 00:32:00,000 IN THE RECOVERY ACT. 930 00:32:00,001 --> 00:32:01,000 THE RECOVERY ACT, I MIGHT ADD, 931 00:32:01,001 --> 00:32:03,000 IS WORKING. 932 00:32:03,001 --> 00:32:04,000 THIS IS WHAT THE NONPARTISAN 933 00:32:04,001 --> 00:32:06,000 CONGRESSIONAL BUDGET OFFICE SAID 934 00:32:06,001 --> 00:32:09,000 IN ITS 935 00:32:09,001 --> 00:32:12,000 AND I QUOTE -- "C.B.O. ESTIMATES 936 00:32:12,001 --> 00:32:14,000 THAT IN THE FIRST QUARTER OF 937 00:32:14,001 --> 00:32:18,000 CALENDAR YEAR 2010, THE RECOVERY 938 00:32:18,001 --> 00:32:20,000 ACT POLICIES RAISED THE LEVEL OF 939 00:32:20,001 --> 00:32:25,000 REAL GROSS DOMESTIC PRODUCT BY 940 00:32:25,001 --> 00:32:26,000 BETWEEN 1.7% AND 4.2%. 941 00:32:26,001 --> 00:32:30,000 C.B.O. ESTIMATES THAT IN THE 942 00:32:30,001 --> 00:32:32,000 FIRST QUARTER OF CALENDAR YEAR 943 00:32:32,001 --> 00:32:34,000 2010, THE RECOVERY ACT'S 944 00:32:34,001 --> 00:32:40,000 POLICIES LOWERED THE 945 00:32:40,001 --> 00:32:45,000 UNEMPLOYMENT RATE BY .7% AND 946 00:32:45,001 --> 00:32:47,000 1.5%." 947 00:32:47,001 --> 00:32:48,000 C.B.O. FURTHER SAYS THAT "THE 948 00:32:48,001 --> 00:32:50,000 ACT INCREASED THE NUMBER OF 949 00:32:50,001 --> 00:32:54,000 PEOPLE EMPLOYED BY 1.2 MILLION 950 00:32:54,001 --> 00:32:56,000 AND 2.8 MILLION." 951 00:32:56,001 --> 00:32:57,000 INCREASED THE NUMBER OF PEOPLE 952 00:32:57,001 --> 00:32:59,000 EMPLOYED. 953 00:32:59,001 --> 00:33:01,000 AND C.B.O. SAYS "THE RECOVERY 954 00:33:01,001 --> 00:33:05,000 ACT INCREASED THE NUMBER OF 955 00:33:05,001 --> 00:33:06,000 FULL-TIME EQUIVALENT TIMES 956 00:33:06,001 --> 00:33:10,000 COMPARED TO WHAT THE ACCOUNTS 957 00:33:10,001 --> 00:33:12,000 WOULD HAVE BEEN OTHERWISE." 958 00:33:12,001 --> 00:33:14,000 C.B.O. WAS VERY CLEAR, UNEQUIVOCAL IN ITS STATEMENT 959 00:33:14,001 --> 00:33:16,000 THAT THE RECOVERY ACT HAS 960 00:33:16,001 --> 00:33:21,000 LOWERED UNEMPLOYMENT AND HAS 961 00:33:21,001 --> 00:33:23,000 CREATED JOBS IN FISCAL 2010, IN 962 00:33:23,001 --> 00:33:24,000 THE FIRST QUARTER OF THE 963 00:33:24,001 --> 00:33:25,000 CALENDAR YEAR 2010. 964 00:33:25,001 --> 00:33:28,000 AND THE CONGRESSIONAL BUDGET 965 00:33:28,001 --> 00:33:29,000 OFFICE PROJECTS THAT THE 966 00:33:29,001 --> 00:33:30,000 PROFESSOR ACT WILL CONTINUE TO 967 00:33:30,001 --> 00:33:32,000 CREATE JOBS -- WILL CONTINUE TO 968 00:33:32,001 --> 00:33:34,000 CREATE JOBS. C.B.O. PROJECTS THAT THE 969 00:33:34,001 --> 00:33:35,000 RECOVERY ACT WILL CREATE THE 970 00:33:35,001 --> 00:33:37,000 MOST JOBS IN THE THIRD QUARTER 971 00:33:37,001 --> 00:33:39,000 OF THIS YEAR -- THE MOST JOBS -- 972 00:33:39,001 --> 00:33:40,000 AND THEN IT WILL BEGIN TO TAPER 973 00:33:40,001 --> 00:33:43,000 OFF. 974 00:33:43,001 --> 00:33:44,000 WE SHOULD NOT CUT THAT JOB CREATION OFF. 975 00:33:44,001 --> 00:33:46,000 THAT'S WHAT THE THUNE AMENDMENT 976 00:33:46,001 --> 00:33:48,000 DOES. 977 00:33:48,001 --> 00:33:49,000 IN THIS FRAGILE ECONOMY, THE 978 00:33:49,001 --> 00:33:52,000 LAST THING THAT WE SHOULD WANT 979 00:33:52,001 --> 00:33:54,000 TO DO IS TO CUT BACK THIS PROVEN 980 00:33:54,001 --> 00:33:55,000 JOB CREATOR. 981 00:33:55,001 --> 00:33:57,000 WE'VE WE PASSED THE RECOVERY -- 982 00:33:57,001 --> 00:34:01,000 WE PASSED THE OVER ACT TO GIVE A 983 00:34:01,001 --> 00:34:02,000 NEED BOOST -- WE PASSED THE 984 00:34:02,001 --> 00:34:03,000 RECOVERY ACT TO GIVE A NEEDED 985 00:34:03,001 --> 00:34:04,000 BOOST TO OUR ECONOMY. 986 00:34:04,001 --> 00:34:05,000 WE DESIGNED THE BILL TO WORK 987 00:34:05,001 --> 00:34:07,000 OVER TWO YEARS. 988 00:34:07,001 --> 00:34:08,000 IF WE WERE TO WITHDRAW THESE 989 00:34:08,001 --> 00:34:10,000 CRITICAL FUNDS, WE WOULD RISK 990 00:34:10,001 --> 00:34:11,000 CAUSING FURTHER DAMAGE TO OUR 991 00:34:11,001 --> 00:34:13,000 FRAGILE ECONOMY. 992 00:34:13,001 --> 00:34:16,000 THE THUNE AMENDMENT WOULD ALSO 993 00:34:16,001 --> 00:34:19,000 CUT OTHER IMPORTANT SPENDING PROGRAMS. 994 00:34:19,001 --> 00:34:21,000 THE THUNE AMENDMENT WOULD CUT 995 00:34:21,001 --> 00:34:24,000 DISCRETIONARY SPENDING BY 5% 996 00:34:24,001 --> 00:34:25,000 ACROSS THE BOARD FOR ALL 997 00:34:25,001 --> 00:34:27,000 AGENCIES EXCEPT FOR THE 998 00:34:27,001 --> 00:34:31,000 DEPARTMENT OF VETERANS AFFAIRS 999 00:34:31,001 --> 00:34:32,000 AND THE DEPARTMENT OF DEFENSE. 1000 00:34:32,001 --> 00:34:35,000 OBVIOUSLY, THEREFORE, THIS 5% 1001 00:34:35,001 --> 00:34:37,000 CUT WOULD APPLY, FOR EXAMPLE, TO 1002 00:34:37,001 --> 00:34:38,000 THE DEPARTMENT OF HOMELAND SECURITY. 1003 00:34:38,001 --> 00:34:40,000 THAT WOULD BE CUT 5%. 1004 00:34:40,001 --> 00:34:43,000 IT WOULD CUT IMMRATIONS AND 1005 00:34:43,001 --> 00:34:44,000 CUSTOMS ENFORCEMENT 5%. 1006 00:34:44,001 --> 00:34:45,000 APPARENTLY, IT WOULD APLAY TO 1007 00:34:45,001 --> 00:34:47,000 THE INTELLIGENCE SERVICES. 1008 00:34:47,001 --> 00:34:49,000 ED THIS A ALL BE CUT AT LEAST 1009 00:34:49,001 --> 00:34:50,000 5%. 1010 00:34:50,001 --> 00:34:53,000 THE THUNE SUBSTITUTE AMENDMENT 1011 00:34:53,001 --> 00:34:54,000 WOULD FREEZE THE SALARIES OF ALL 1012 00:34:54,001 --> 00:34:55,000 FEDERAL EMPLOYEES EXCEPT FOR 1013 00:34:55,001 --> 00:34:57,000 MEMBERS OF THE ARMED FORCES. 1014 00:34:57,001 --> 00:35:00,000 IT WOULD FREEZE, THEREFORE, THE 1015 00:35:00,001 --> 00:35:02,000 SALARIES OF CIVILIAN DEFENSE WORKERS. 1016 00:35:02,001 --> 00:35:04,000 ALL CIVILIAN DEFENSE WORKERS' 1017 00:35:04,001 --> 00:35:05,000 SALARIES WOULD BE FROZEN. 1018 00:35:05,001 --> 00:35:06,000 IT WOULD FREEZE THE SALARIES OF 1019 00:35:06,001 --> 00:35:07,000 LAW ENFORCEMENT. 1020 00:35:07,001 --> 00:35:10,000 THINK OF THAT, MADAM PRESIDENT. 1021 00:35:10,001 --> 00:35:11,000 FREEZING THE SALARIES OF LAW ENFORCEMENT. 1022 00:35:11,001 --> 00:35:14,000 IT WOULD FREEZE, THEREFORE, THE 1023 00:35:14,001 --> 00:35:16,000 SALARIES OF BORDER PROTECTION AGENTS. 1024 00:35:16,001 --> 00:35:18,000 I DON'T THINK THAT'S A VERY GOOD IDEA, ESPECIALLY THOSE STATES IN 1025 00:35:18,001 --> 00:35:24,000 THE SOUTH. 1026 00:35:24,001 --> 00:35:25,000 ANOTHER PR WOULD CAP THE 1027 00:35:25,001 --> 00:35:26,000 TOTAL NUMBER OF FEDERAL 1028 00:35:26,001 --> 00:35:28,000 EMPLOYEES AT CERTAIN LEVELS. 1029 00:35:28,001 --> 00:35:29,000 IF AN AGENCY NEEDED TO HIRE A 1030 00:35:29,001 --> 00:35:32,000 NEW EMPLOYEE, IT WOULD FIRST 1031 00:35:32,001 --> 00:35:36,000 NEED TO FIRE AND EXISTING EMPLOYEE. 1032 00:35:36,001 --> 00:35:37,000 THAT'S NOT HOW TO CREATE JOBS. 1033 00:35:37,001 --> 00:35:38,000 THIS WOULD DRAMATICALLY REDUCE 1034 00:35:38,001 --> 00:35:41,000 THE FLEXIBILITY O AGENCIES TO 1035 00:35:41,001 --> 00:35:42,000 MAKE HIRING DECISIONS. 1036 00:35:42,001 --> 00:35:44,000 I SUPPORT FINDING WAYS TO MAKE 1037 00:35:44,001 --> 00:35:46,000 OUR GOVERNMENT MORE EFFICIENT. 1038 00:35:46,001 --> 00:35:50,000 WE ALL DO. 1039 00:35:50,001 --> 00:35:51,000 BUT THESE CUTS ARE ARBITRARY. 1040 00:35:51,001 --> 00:35:53,000 THEY'RE NOT THOUGHTFUL. 1041 00:35:53,001 --> 00:35:55,000 THEY'RE ARBITRARY. 1042 00:35:55,001 --> 00:35:56,000 THEY'RE MEAT AX CUTS. THE THUNE AMENDMENT WOULD ALSO 1043 00:35:56,001 --> 00:35:57,000 MAKE CHANGES TO THE NEW HEALTH 1044 00:35:57,001 --> 00:35:58,000 CARE LAW. 1045 00:35:58,001 --> 00:36:00,000 THESE CHANGES WOULDEAVE MORE 1046 00:36:00,001 --> 00:36:03,000 AMERICANS WITHOUT HEALTH 1047 00:36:03,001 --> 00:36:04,000 INSURANCE, MORE WITHOUT HEALTH 1048 00:36:04,001 --> 00:36:06,000 INSURANCE. THE THUNE AMENDMENT WOULD DO 1049 00:36:06,001 --> 00:36:09,000 THIS BY EXPANDING THE 1050 00:36:09,001 --> 00:36:11,000 AFFORDABILITY EXCEPTION TO THE 1051 00:36:11,001 --> 00:36:12,000 RESPONSIBILITY OF INDIVIDUALS TO 1052 00:36:12,001 --> 00:36:13,000 BUY HEALTH INSURANCE. 1053 00:36:13,001 --> 00:36:14,000 THIS EXPANSION WOULD ELIMINATE 1054 00:36:14,001 --> 00:36:15,000 COVERAGE FOR MILLIONS OF 1055 00:36:15,001 --> 00:36:16,000 AMERICANS. 1056 00:36:16,001 --> 00:36:18,000 AND THE CONGRESSIONAL BUDGET 1057 00:36:18,001 --> 00:36:21,000 OFFICE TELLS US THAT THIS WOULD 1058 00:36:21,001 --> 00:36:23,000 RAISE HEALTH CARE PREMIUMS, NOT 1059 00:36:23,001 --> 00:36:25,000 LOWER HEALTH CARE PREMIUMS. 1060 00:36:25,001 --> 00:36:27,000 THE EFFECT OF THIS THUNE 1061 00:36:27,001 --> 00:36:29,000 AMENDMENT WOULD BE TO RAISE HEALTH CARE PREMIUMS. 1062 00:36:29,001 --> 00:36:31,000 THE IRONY OF THIS PROPOSAL IS 1063 00:36:31,001 --> 00:36:32,000 THAT IT RAISES MONEY FOR THE 1064 00:36:32,001 --> 00:36:33,000 GOVERNMENT BECAUSE THE 1065 00:36:33,001 --> 00:36:35,000 GOVERNMENT WOULD NOT PROVIDE AS 1066 00:36:35,001 --> 00:36:39,000 MUCH IN TAX CREDITS TO AMERICANS 1067 00:36:39,001 --> 00:36:40,000 TO HELP THEM BUY INSURANCE. 1068 00:36:40,001 --> 00:36:42,000 BUT CONGRESS HAS JUST ENACTED 1069 00:36:42,001 --> 00:36:43,000 HEALTH CARE REFORM. 1070 00:36:43,001 --> 00:36:44,000 CONGRESS JUST EXPRESSED OUR 1071 00:36:44,001 --> 00:36:47,000 NATION'S COMMITMENT TO HELPING 1072 00:36:47,001 --> 00:36:48,000 ALL AMERICANS TO BUY HEALTH INSURANCE. 1073 00:36:48,001 --> 00:36:50,000 WE SHOULD LET THE NEW HEALTH 1074 00:36:50,001 --> 00:36:52,000 CARE LAW TAKE EFFECT. 1075 00:36:52,001 --> 00:36:53,000 MAKE IT WORK BETTER, NOT WORSE, 1076 00:36:53,001 --> 00:36:55,000 WHICH WOULD BE THE CONSEQUENCE 1077 00:36:55,001 --> 00:36:56,000 OF THE THUNE AMENDMENT. 1078 00:36:56,001 --> 00:36:59,000 THE THUNE AMENDMENT WOULD ALSO 1079 00:36:59,001 --> 00:37:01,000 OPOSE CHANGES TO OUR MEDICAL 1080 00:37:01,001 --> 00:37:04,000 MALPRACTICE SYSTEM, CHANGES THAT 1081 00:37:04,001 --> 00:37:06,000 THE SENATE HAS REJECTED MANY TIMES. 1082 00:37:06,001 --> 00:37:08,000 THE THUNE AMENDMENT WOULD CAP 1083 00:37:08,001 --> 00:37:10,000 DAMAGES AND MAKE OTHER CHANGES 1084 00:37:10,001 --> 00:37:12,000 TO STATE LAWS. 1085 00:37:12,001 --> 00:37:17,000 THIS IS NOT THE SOLUTION TO 1086 00:37:17,001 --> 00:37:18,000 MEDICAL MPRAVMEN MALPRAVMENT THE 1087 00:37:18,001 --> 00:37:20,000 CONGRESSIONAL BUDGET OFFICE HAS 1088 00:37:20,001 --> 00:37:22,000 SAID THAT THESE KINDS OF IDEA 1089 00:37:22,001 --> 00:37:24,000 WOULD GENERATE SAVINGS, BUT WE 1090 00:37:24,001 --> 00:37:26,000 ASK, AT WHAT COST? 1091 00:37:26,001 --> 00:37:28,000 WHAT WOULD BE THE COST TO 1092 00:37:28,001 --> 00:37:32,000 PATIENTS WITH THESE CHANGES? 1093 00:37:32,001 --> 00:37:33,000 WHAT WOULD BE THE COST TO STATES 1094 00:37:33,001 --> 00:37:36,000 STATES? THE CONGREIONAL BUDGET OFFICE 1095 00:37:36,001 --> 00:37:38,000 RELIED ON OUTSIDE STUDIES IN 1096 00:37:38,001 --> 00:37:40,000 CALCULATING ITS COST ESTIMATES, 1097 00:37:40,001 --> 00:37:45,000 WENT AROUND AND LOOKED AT 1098 00:37:45,001 --> 00:37:46,000 DIFFERENT ESTIMATESSALITY ESTIMATES -- DIFFERENT 1099 00:37:46,001 --> 00:37:48,000 ESTIMATES THAT DIFFERENT 1100 00:37:48,001 --> 00:37:49,000 ORGANIZATIONS HAVE CONDUCTED. 1101 00:37:49,001 --> 00:37:52,000 THEY POINT OWRD THAT CERTAIN 1102 00:37:52,001 --> 00:37:53,000 POLICIES MAY ALSO INCREASE THE 1103 00:37:53,001 --> 00:37:55,000 NUMBER OF RISKY PROCEDURES 1104 00:37:55,001 --> 00:37:58,000 PERFORMED AND THESE POLICIES MAY 1105 00:37:58,001 --> 00:38:00,000 LEAD TO MORE PATIENT INJURIES 1106 00:38:00,001 --> 00:38:02,000 AND MORE PATIENT DEATHS. 1107 00:38:02,001 --> 00:38:04,000 ONE STUDY UPON WHICH C.B.O. 1108 00:38:04,001 --> 00:38:09,000 RELIED SAID THAT THESE POLICIES 1109 00:38:09,001 --> 00:38:10,000 WOULD LEAD TO A .2% INCREASE IN 1110 00:38:10,001 --> 00:38:12,000 MORTALITY, AND THESE POLICIES IN 1111 00:38:12,001 --> 00:38:15,000 THE THUNE AMENDMENT COULD LEAD 1112 00:38:15,001 --> 00:38:18,000 TO MORE PATIENT DEATHS. 1113 00:38:18,001 --> 00:38:19,000 THAT'S AN AWFULLY HIGH PRICE TO 1114 00:38:19,001 --> 00:38:21,000 PAY, BUT THAT'S THE CONSEQUENCE 1115 00:38:21,001 --> 00:38:25,000 OF THE THUNE AMENDMENT. 1116 00:38:25,001 --> 00:38:26,000 IN ADDITION, OUR NATION'S CIVIL 1117 00:38:26,001 --> 00:38:29,000 LIABILITY SYSTEM HAS ALWAYS BEEN 1118 00:38:29,001 --> 00:38:30,000 FORGED AT THE STATE LEVEL, 1119 00:38:30,001 --> 00:38:32,000 NATIONALIZING THE SYSTEM WITH 1120 00:38:32,001 --> 00:38:34,000 DAMAGE CAPS WOULD PUT PATIENTS 1121 00:38:34,001 --> 00:38:35,000 AT RISK. 1122 00:38:35,001 --> 00:38:38,000 THE THUNE AMENDMENT EMPLOYEES 1123 00:38:38,001 --> 00:38:40,000 SOME OF THE OFFSETS THAT IT DOES 1124 00:38:40,001 --> 00:38:41,000 BECAUSE IT DROPS THE OIL SPILL 1125 00:38:41,001 --> 00:38:43,000 ABILITY TAX. 1126 00:38:43,001 --> 00:38:45,000 IT DROPS IT. 1127 00:38:45,001 --> 00:38:47,000 OIL COMPANIES DON'T HAVE TO PAY 1128 00:38:47,001 --> 00:38:50,000 ANY INCREASE IN TAXES. 1129 00:38:50,001 --> 00:38:53,000 AND THE THUNE AMENDMENT EMPLOYS 1130 00:38:53,001 --> 00:38:55,000 SOME OF THE OFFSETS IT DOES 1131 00:38:55,001 --> 00:38:56,000 BECAUSE IT DROPS THE TAX 1132 00:38:56,001 --> 00:38:57,000 LOOPHOLE CLOSERS IN THE 1133 00:38:57,001 --> 00:38:59,000 UNDERSTYING SUBSTITUTE AMENDMENT 1134 00:38:59,001 --> 00:39:00,000 OF THE THUNE AMENDMENT, THUS, 1135 00:39:00,001 --> 00:39:03,000 WOULD ALLOW BIG OIL COMPANIES TO 1136 00:39:03,001 --> 00:39:04,000 PAY LESS INTO THE OIL SPILL 1137 00:39:04,001 --> 00:39:05,000 LIABILITY TRUST FUND TO PAY FOR 1138 00:39:05,001 --> 00:39:06,000 OIL SPILLS. 1139 00:39:06,001 --> 00:39:07,000 THE THUNE AMENDMENT, THUS, WOULD 1140 00:39:07,001 --> 00:39:10,000 ALLOW INVESTMENT MANAGERS TO 1141 00:39:10,001 --> 00:39:13,000 CONTINUE TO PAY LOWER CAPITAL 1142 00:39:13,001 --> 00:39:14,000 GAINS TAX RATES ON THEIR SERVICE 1143 00:39:14,001 --> 00:39:17,000 INCOME THAN OTHER AMERICANS DO 1144 00:39:17,001 --> 00:39:19,000 ON THEIR WAGES. 1145 00:39:19,001 --> 00:39:22,000 THE THUNE AMENDMENT WOULD, THUS, 1146 00:39:22,001 --> 00:39:23,000 ALLOW SOME PROFESSIONALS AND 1147 00:39:23,001 --> 00:39:25,000 ORGANIZERS OF "S" CORPORATIONS 1148 00:39:25,001 --> 00:39:27,000 TO AVOID PAYING THEIR FAIR SHARE 1149 00:39:27,001 --> 00:39:30,000 OF SOCIAL SECURITY AND MEDICARE 1150 00:39:30,001 --> 00:39:33,000 PAYROLL TAXES, A BIG ABUSE THAT 1151 00:39:33,001 --> 00:39:34,000 THIS SUBSTITUTE TRIES TO CLOSE, 1152 00:39:34,001 --> 00:39:37,000 A BIG ABUSE WHICH THE THUNE 1153 00:39:37,001 --> 00:39:38,000 AMENDMENT WOULD LEAVE OPEN, LET 1154 00:39:38,001 --> 00:39:40,000 THE ABUSE CONTINUE. 1155 00:39:40,001 --> 00:39:41,000 AND THE THUNE AMENDMENT, THUS, 1156 00:39:41,001 --> 00:39:44,000 WOULD ALLOW MULTINATIONAL 1157 00:39:44,001 --> 00:39:45,000 CORPORATIONS TO CONTINUE 1158 00:39:45,001 --> 00:39:48,000 ACCOUNTING DODGES TO AVOID 1159 00:39:48,001 --> 00:39:50,000 PAYING THEIR FAIR SHARE OF TAXES 1160 00:39:50,001 --> 00:39:52,000 HERE IN AMERICA. 1161 00:39:52,001 --> 00:39:55,000 THESE DECISIONS REFLECTED IN THE 1162 00:39:55,001 --> 00:39:58,000 THUNE AMENDMENT ARE BAD TAX POLICY. 1163 00:39:58,001 --> 00:40:00,000 THESE DECISIONS RESERVE 1164 00:40:00,001 --> 00:40:02,000 UNFAIRNESS, PRESERVE INEQUITY IN 1165 00:40:02,001 --> 00:40:04,000 THE TAX LAW. 1166 00:40:04,001 --> 00:40:06,000 AND SO, THE THUNE AMENDMENT 1167 00:40:06,001 --> 00:40:08,000 WOULD PUT THE RECOVERY AT RISK 1168 00:40:08,001 --> 00:40:10,000 BY CURTAILING THE RECOVERY ACT. 1169 00:40:10,001 --> 00:40:12,000 IT WOULD CUT THE NUMBER OF 1170 00:40:12,001 --> 00:40:13,000 AMERICANS WITH HEALTH INSURANCE. 1171 00:40:13,001 --> 00:40:15,000 IT COULD CUT THE NUMBER OF 1172 00:40:15,001 --> 00:40:16,000 AMERICANS ARE HEALTH INSURANCE 1173 00:40:16,001 --> 00:40:19,000 AND RAISE PREMIUMS. 1174 00:40:19,001 --> 00:40:21,000 IT WOULD NATIONALIZE MEDICAL 1175 00:40:21,001 --> 00:40:22,000 MALPRACTICE LAW, PUTTING 1176 00:40:22,001 --> 00:40:24,000 PATIENTS AT RISK, AND IT WOULD 1177 00:40:24,001 --> 00:40:25,000 PROTECT BIG OIL AND 1178 00:40:25,001 --> 00:40:27,000 MULTINATIONAL CORPORATIONS THAT 1179 00:40:27,001 --> 00:40:29,000 SHIP THEIR JOBS OVERSEAS. 1180 00:40:29,001 --> 00:40:30,000 FOR ALL THESE REASONS, I URGE MY 1181 00:40:30,001 --> 00:40:41,000 COLLEAGUES TO OPPOSE THE THUNE 1182 00:40:41,001 --> 00:40:42,000 AMENDMENT O 1183 00:40:42,001 --> 00:40:43,000 MR. 1184 00:40:43,001 --> 00:40:45,000 THE PRESIDING OFFICER: PLT SENATOR FROM SOUTH DAFNLGT. 1185 00:40:45,001 --> 00:40:46,000 MR. THUNE: AS PROVIDED FOR IN 1186 00:40:46,001 --> 00:40:48,000 THE ORDER, I WOULD NOW CALL UP 1187 00:40:48,001 --> 00:40:49,000 MY AMENDMENT. THE PRESIDING OFFICER: THE 1188 00:40:49,001 --> 00:40:53,000 CLERK WILL REPORT. 1189 00:40:53,001 --> 00:40:55,000 THE CLERK: MR. THUNE PROPOSES 1190 00:40:55,001 --> 00:40:57,000 AN AMENDMENT NUMBERED 4376 TO 1191 00:40:57,001 --> 00:40:59,000 AMENDMENT NUMBER 4369. 1192 00:40:59,001 --> 00:41:01,000 STRIKE ALL AFTER THE FIRST WORD 1193 00:41:01,001 --> 00:41:02,000 AND ENTER THE FOLLOWING - 1194 00:41:02,001 --> 00:41:03,000 MR. THUNE: I ASK THAT THE 1195 00:41:03,001 --> 00:41:04,000 READING OF THE AMENDMENT BE 1196 00:41:04,001 --> 00:41:05,000 DISPENSED WITH. THE PRIDING OFFICER: WITHOUT 1197 00:41:05,001 --> 00:41:06,000 OBJECTION. 1198 00:41:06,001 --> 00:41:12,000 MR. THUNE: MADAM PRESIDENT, 1199 00:41:12,001 --> 00:41:13,000 THIS AMENDMENT IS IN MY VIEW, 1200 00:41:13,001 --> 00:41:14,000 PROBABLY THE MOST IMPORTANT 1201 00:41:14,001 --> 00:41:15,000 THING THAT WE CAN DO FOR THE 1202 00:41:15,001 --> 00:41:16,000 ECONOMY RIGHT NOW. 1203 00:41:16,001 --> 00:41:18,000 THE SENATOR FROM MONTANA TALKED 1204 00:41:18,001 --> 00:41:20,000 ABOUT JOB CREATION. 1205 00:41:20,001 --> 00:41:21,000 EVERYBODY HERE IN THIS CHAMBER 1206 00:41:21,001 --> 00:41:23,000 CARES ABOUT THAT DEMOCRATS AND 1207 00:41:23,001 --> 00:41:25,000 REPUBLICANS ALIKE, I THINK, 1208 00:41:25,001 --> 00:41:26,000 BELIEVES THAT WE'VE GOT TO 1209 00:41:26,001 --> 00:41:30,000 CREATE JOBS IN OUR ECONOMY. 1210 00:41:30,001 --> 00:41:31,000 WEWE NEED TO GET ECONOMIC GROWTH 1211 00:41:31,001 --> 00:41:32,000 GOING AGAIN. 1212 00:41:32,001 --> 00:41:33,000 WE'VE A DIFFERENCE AS TO HOW TO 1213 00:41:33,001 --> 00:41:34,000 DO THAT. 1214 00:41:34,001 --> 00:41:36,000 WHAT MY AMENDMENT WOULD DO IS 1215 00:41:36,001 --> 00:41:39,000 ADDRESS WHAT I THINK ARE THE TWO 1216 00:41:39,001 --> 00:41:40,000 BIG BIGGEST PROBLEMS THAT WE FACE, 1217 00:41:40,001 --> 00:41:42,000 CLOUDS HANGING OVER THE ECONOMY 1218 00:41:42,001 --> 00:41:44,000 IN THIS COUNTRY. 1219 00:41:44,001 --> 00:41:47,000 ONE IS DEBT. 1220 00:41:47,001 --> 00:41:49,000 WE'VE THIS SPIRALING FEDERAL 1221 00:41:49,001 --> 00:41:51,000 DEBT WHICH IS SET TO DOUBLE IN 1222 00:41:51,001 --> 00:41:53,000 FIVE YEARS AND TRIPLE IN TEN 1223 00:41:53,001 --> 00:41:54,000 YEARS ON THE CURRENT PATH THAT 1224 00:41:54,001 --> 00:41:56,000 WE'RE ON UNDER THE PRESIDENT -- 1225 00:41:56,001 --> 00:41:57,000 OR THE BUDGET THAT'S BEEN 1226 00:41:57,001 --> 00:42:00,000 PROPOSED BY THE PRESIDENT. 1227 00:42:00,001 --> 00:42:01,000 WE'RE, IF YOU INCLUDE THE DEBT 1228 00:42:01,001 --> 00:42:04,000 TH GOVERNMENT AGENCIES OWE 1229 00:42:04,001 --> 00:42:06,000 EACH OTHER -- INTERGOVERNMENTAL 1230 00:42:06,001 --> 00:42:08,000 DEBT, ADDED THAT DEBT TO THE 1231 00:42:08,001 --> 00:42:10,000 PUBLIC DEBT -- RIGHT NOW IN DEBT 1232 00:42:10,001 --> 00:42:11,000 \$13 TRILLION. 1233 00:42:11,001 --> 00:42:14,000 \$13 TRILLION IS THE TOTAL AMOUNT 1234 00:42:14,001 --> 00:42:16,000 OF DEBT THAT WE'VE TODAY AND 1235 00:42:16,001 --> 00:42:17,000 THAT'S GOING TO BALLOON IN THE 1236 00:42:17,001 --> 00:42:19,000 NEXT FIVE YEARS, IN THE NEXT TEN 1237 00:42:19,001 --> 00:42:21,000 YEARS, THE BUDGE WINDOW THAT WE 1238 00:42:21,001 --> 00:42:22,000 USED TO DO OUR BUDGETING AROUND 1239 00:42:22,001 --> 00:42:24,000 HERE SUGGESTS IT'SING ABOUT TO 1240 00:42:24,001 --> 00:42:27,000 BE MUCH, MUCH HIGHER THAN THAT. 1241 00:42:27,001 --> 00:42:28,000 AND SO I THINK WHAT THE AMERICAN 1242 00:42:28,001 --> 00:42:29,000 PEOP 1243 00:42:29,001 --> 00:42:32,000 WHAT I BELIEVE THE AMERICAN 1244 00:42:32,001 --> 00:42:33,000 PEOPLE ARE SAYING, AND I THINK 1245 00:42:33,001 --> 00:42:34,000 HERE WE'VE PROBABLY DIFFERENT 1246 00:42:34,001 --> 00:42:35,000 INTERPRETATIONS OF THAT. 1247 00:42:35,001 --> 00:42:36,000 BUT WHAT I BELIEVE THE AMERICAN 1248 00:42:36,001 --> 00:42:39,000 PEOPLE ARE SAYING AND WHAT I SEE 1249 00:42:39,001 --> 00:42:41,000 IN POLL AFTER POLL AFTER POLL IS 1250 00:42:41,001 --> 00:42:44,000 PEOPLE ARE CONCERNED ABOUT THE 1251 00:42:44,001 --> 00:42:45,000 CLOUD THAT THIS GROWING PUBLIC 1252 00:42:45,001 --> 00:42:48,000 DEBT IMPOSES ON OUR ECONOMY AND 1253 00:42:48,001 --> 00:42:49,000 THE BURDEN IT PLACES ON FUTURE 1254 00:42:49,001 --> 00:42:53,000 GENERATIONS. 1255 00:42:53,001 --> 00:42:54,000 THEY'RE ALSO PROFOUNDLY 1256 00:42:54,001 --> 00:42:55,000 CONCERNED ABOUT THEIR JOBS AND 1257 00:42:55,001 --> 00:42:57,000 THE ECONOMY. 1258 00:42:57,001 --> 00:42:59,000 THEY WANT CONGRESS TO TAKE STEPS 1259 00:42:59,001 --> 00:43:00,000 THAT WILL HELP GROW THE ECONOMY 1260 00:43:00,001 --> 00:43:01,000 AND CREATE JOBS. 1261 00:43:01,001 --> 00:43:02,000 THE BEST WAY TO DO THAT IS FOR 1262 00:43:02,001 --> 00:43:08,000 THE GOVERNMENT TO GET OUT OF THE 1263 00:43:08,001 --> 00:43:09,000 WAY, SO TO SPEAK, INCENTIVIZE 1264 00:43:09,001 --> 00:43:10,000 SMALL BUSINESSES TO CREATE JOBS. 1265 00:43:10,001 --> 00:43:11,000 IT IS THE SMALL BUSINESSES IN 1266 00:43:11,001 --> 00:43:13,000 OUR ECONOMY THAT ARE THE 1267 00:43:13,001 --> 00:43:14,000 ECONOMIC ENGINE, THEIR THE JOB 1268 00:43:14,001 --> 00:43:15,000 CREATORS. 1269 00:43:15,001 --> 00:43:17,000 WE SHOULDN'T BE IMPOSING MORE 1270 00:43:17,001 --> 00:43:20,000 BURDENS ON THEM. 1271 00:43:20,001 --> 00:43:21,000 WE SHOULD TRY TO KEEP TAXES LOW, 1272 00:43:21,001 --> 00:43:22,000 KEEP FROM IMPOSING NEW 1273 00:43:22,001 --> 00:43:24,000 GOVERNMENTAL BURDENS ON OUR 1274 00:43:24,001 --> 00:43:25,000 SMALL BUSINESS SECTOR AND OUR ECONOMY. 1275 00:43:25,001 --> 00:43:26,000 AND SWEEF A PIECE OF LEGISLATION 1276 00:43:26,001 --> 00:43:27,000 BEFORE US TODAY -- AND SO WE'VE 1277 00:43:27,001 --> 00:43:29,000 A PIECE OF LEGISLATION BEFORE US 1278 00:43:29,001 --> 00:43:30,000 TODAY WHICH YOU THINK BOTH 1279 00:43:30,001 --> 00:43:31,000 SIDES, REPUBLICANS AND 1280 00:43:31,001 --> 00:43:33,000 DEMOCRATS, AGREE WE NEED TO DO 1281 00:43:33,001 --> 00:43:34,000 SOMETHING TO ADDRESS U 1282 00:43:34,001 --> 00:43:35,000 UNEMPLOYMENT INSURANCE AND 1283 00:43:35,001 --> 00:43:37,000 EXTENDING THE BENEFITS TO THOSE 1284 00:43:37,001 --> 00:43:39,000 WHO HAVE LOST THEIR JOBS IN THE RECESSION. 1285 00:43:39,001 --> 00:43:40,000 WE NEED TO ADDRESS THE ISSUE OF 1286 00:43:40,001 --> 00:43:42,000 PHYSICIAN REIMBURSEMENT CUTS, 1287 00:43:42,001 --> 00:43:43,000 WHICH WILL OCCUR IF CONGRESS 1288 00:43:43,001 --> 00:43:44,000 DOESN'T TAKE STEPS TO ADDRESS 1289 00:43:44,001 --> 00:43:46,000 THAT. 1290 00:43:46,001 --> 00:43:48,000 AND OF COURSE WE NEED TO EXTEND 1291 00:43:48,001 --> 00:43:50,000 THE EXPIRING TAX PROVISIONS THAT 1292 00:43:50,001 --> 00:43:52,000 MANY OF US SUPPORT. 1293 00:43:52,001 --> 00:43:54,000 THE TAX INCENTIVE, FOR EXAMPLE, 1294 00:43:54,001 --> 00:43:55,000 THE TAX CREDIT FOR INVESTMENT IN 1295 00:43:55,001 --> 00:43:56,000 REF AND DEVELOPMENT, WHICH IS 1296 00:43:56,001 --> 00:43:58,000 ONE OF THE THINGS THAT COMPANIES 1297 00:43:58,001 --> 00:44:00,000 USE TO CREATE INNOVATION IN OUR 1298 00:44:00,001 --> 00:44:03,000 ECONOMY, TO KEEP US MORE COMPETITIVE. 1299 00:44:03,001 --> 00:44:05,000 THOSE ARE ALL THINGS THAT HAVE 1300 00:44:05,001 --> 00:44:06,000 EXPIRE, ARE EXPIRING. 1301 00:44:06,001 --> 00:44:07,000 THOSE ARE ISSUES THAT NEED TO BE 1302 00:44:07,001 --> 00:44:10,000 ADDRESSED. 1303 00:44:10,001 --> 00:44:12,000 BOTH OF US AGREE ON THAT. 1304 00:44:12,001 --> 00:44:15,000 THE QUESTIO 1305 00:44:15,001 --> 00:44:16,000 BEST RECOMMEND, HOW BEST -- THE 1306 00:44:16,001 --> 00:44:19,000 BEST REMEDY. HOW BEST TO DO THAT. 1307 00:44:19,001 --> 00:44:22,000 WHAT THE MAJORITY HAS PROPOSED 1308 00:44:22,001 --> 00:44:25,000 WHICH IS THE BEST-CASE STPHAR 1309 00:44:25,001 --> 00:44:26,000 ROW, WHICH I BELIEVE -- SCENARIO 1310 00:44:26,001 --> 00:44:27,000 WHICH I DON'T BELIEVE WE HAVE A 1311 00:44:27,001 --> 00:44:28,000 SCORE ON, THEIR LEGISLATION 1312 00:44:28,001 --> 00:44:30,000 WOULD ADD ABOUT \$50 BILLION TO 1313 00:44:30,001 --> 00:44:31,000 THE DEBT. 1314 00:44:31,001 --> 00:44:33,000 SO IT WOULD INCREASE THE AMOUNT 1315 00:44:33,001 --> 00:44:34,000 OF DEBT I MENTIONED EARLIER. 1316 00:44:34,001 --> 00:44:36,000 IT DOES RAISE TAXES. 1317 00:44:36,001 --> 00:44:38,000 IT RAISES TAXES ON SMALL BUSINESSES. 1318 00:44:38,001 --> 00:44:39,000 IT RAISES TAXES ON INVESTMENT. 1319 00:44:39,001 --> 00:44:41,000 IT DOES RAISE TAXES. 1320 00:44:41,001 --> 00:44:43,000 IT PUTS MORE TAXES ON OIL 1321 00:44:43,001 --> 00:44:46,000 COMPANIES BY RAISING TAXES THAT 1322 00:44:46,001 --> 00:44:47,000 WOULD GO INTO THE OIL SPILL 1323 00:44:47,001 --> 00:44:48,000 LIABILITY TRUST FUND. 1324 00:44:48,001 --> 00:44:50,000 AND, OF COURSE, BECAUSE MY 1325 00:44:50,001 --> 00:44:51,000 AMENDMENT DOES INCLUDE THAT TAX 1326 00:44:51,001 --> 00:44:53,000 INCREASE, SOMEHOW WE'RE PAINTED 1327 00:44:53,001 --> 00:44:56,000 AS BEING IN DEFENSE OF BIG OIL. 1328 00:44:56,001 --> 00:44:57,000 LET ME POINT OUT ONE THING ABOUT THAT. 1329 00:44:57,001 --> 00:44:59,000 THIS WAS TRUE IN HEALTH CARE. 1330 00:44:59,001 --> 00:45:00,000 IT'S BEEN TRUE WITH MANY OF THE 1331 00:45:00,001 --> 00:45:02,000 THINGS THAT HAVE HAPPENED THIS 1332 00:45:02,001 --> 00:45:03,000 YEAR ON THE FLOOR, AND THAT IS 1333 00:45:03,001 --> 00:45:05,000 THAT IT WOULD BE ONE THING IF 1334 00:45:05,001 --> 00:45:07,000 THE REVENUES RAISED BY 1335 00:45:07,001 --> 00:45:09,000 INCREASING THE TAX FROM 8 CENTS 1336 00:45:09,001 --> 00:45:11,000 TO 49 CENTS PER BARREL ON OIL 1337 00:45:11,001 --> 00:45:13,000 WERE AUALLY GOING TO BE USED 1338 00:45:13,001 --> 00:45:15,000 TO CLEAN UP OIL SPILLS. 1339 00:45:15,001 --> 00:45:18,000 BUT IN FT IT'S GOING TO BE -- 1340 00:45:18,001 --> 00:45:19,000 IT'S STATED TO GO INTO THE OIL 1341 00:45:19,001 --> 00:45:21,000 SPILL LIABILITY TRUST FUND, BUT 1342 00:45:21,001 --> 00:45:22,000 IT'S GOING TO BE USED TO FUND 1343 00:45:22,001 --> 00:45:24,000 OTHER THINGS. 1344 00:45:24,001 --> 00:45:25,000 AGAIN, YOU GET THIS 1345 00:45:25,001 --> 00:45:26,000 DOUBLE-COUNTING, 1346 00:45:26,001 --> 00:45:30,000 MADAM PRESIDENT. 1347 00:45:30,001 --> 00:45:31,000 YOU GET THIS PRACTICE WE'VE BEEN 1348 00:45:31,001 --> 00:45:34,000 SEEING EMPLOYED BY THE MAJORITY. 1349 00:45:34,001 --> 00:45:35,000 WHERE YOU'RE RAISING REVENUES 1350 00:45:35,001 --> 00:45:36,000 SUPPOSEDLY FOR A SPECIFIC 1351 00:45:36,001 --> 00:45:39,000 PURPOSE, THE PROCEEDS OF WHICH 1352 00:45:39,001 --> 00:45:40,000 ARE GOING TO BE USED FOR 1353 00:45:40,001 --> 00:45:41,000 SOMETHING ENTIRELY DIFFERENT. 1354 00:45:41,001 --> 00:45:42,000 THAT, OF COURSE, IS COUPLED WITH 1355 00:45:42,001 --> 00:45:44,000 THE FACT THAT THAT TAX, AS WE 1356 00:45:44,001 --> 00:45:46,000 ALL KNOW, IS GOING TO BE PASSED 1357 00:45:46,001 --> 00:45:47,000 ON TO THE AMERICAN CONSUMERS. 1358 00:45:47,001 --> 00:45:49,000 THE AMERICAN CONSUMERS ARE GOING 1359 00:45:49,001 --> 00:45:51,000 TO BE FACED AND BURDENED DOWN 1360 00:45:51,001 --> 00:45:53,000 WITH HIGHER TAXES. 1361 00:45:53,001 --> 00:45:55,000 AT THE SAME TIME THE OTHER SIDE 1362 00:45:55,001 --> 00:45:57,000 CAN SAY WE'RE BEING TOUGH ON BIG 1363 00:45:57,001 --> 00:45:59,000 OIL, STICK THEM WITH THIS NEW 1364 00:45:59,001 --> 00:46:01,000 TAX, IRONICALLY IT IS NOT GOING 1365 00:46:01,001 --> 00:46:03,000 TO GO TO CLEAN UP OIL SPILLS. 1366 00:46:03,001 --> 00:46:04,000 IT'S GOING TO GO TO FUND THESE 1367 00:46:04,001 --> 00:46:05,000 THINGS WE'RE TALKING ABOUT 1368 00:46:05,001 --> 00:46:06,000 FUNDING HERE. 1369 00:46:06,001 --> 00:46:07,000 WE HAVE A BETTER WAY. 1370 00:46:07,001 --> 00:46:09,000 WEAN REDUCE GOVERNMENT 1371 00:46:09,001 --> 00:46:11,000 SPENDING AND DO THIS. 1372 00:46:11,001 --> 00:46:13,000 WE CAN EXTEND THESE EXPIRING TAX 1373 00:46:13,001 --> 00:46:15,000 PROVISIONS BY REDUCING TAXES 1374 00:46:15,001 --> 00:46:19,000 ABOUT \$26 BILLION UNDER MY AMENDMENT. 1375 00:46:19,001 --> 00:46:20,000 WE CAN CUT SPENDING BY OVER \$100 1376 00:46:20,001 --> 00:46:22,000 BILLION ON MY AMENDMENT. 1377 00:46:22,001 --> 00:46:24,000 AND WE CAN ACTUALLY MAKE SOME 1378 00:46:24,001 --> 00:46:27,000 PROGRESS TOWARD REDUCING THE FEDERAL DEBT. 1379 00:46:27,001 --> 00:46:28,000 WE HAVE ABOUT \$68 BILLION UNDER 1380 00:46:28,001 --> 00:46:30,000 MY AMENDMENT THAT CAN BE BE USED 1381 00:46:30,001 --> 00:46:32,000 TO PAY DOWN THE FEDERAL DEBT. 1382 00:46:32,001 --> 00:46:34,000 AND SO, WE REDE THE 1383 00:46:34,001 --> 00:46:35,000 CUT THE TAXES, WE EXTEND 1384 00:46:35,001 --> 00:46:38,000 UNEMPLOYMENT BENEFITS, WE 1385 00:46:38,001 --> 00:46:40,000 ADDRESS THE PHYSICIAN REIMBURSEMENT ISSUE. 1386 00:46:40,001 --> 00:46:41,000 AND, BY THE WAY, MY AMENDMENT 1387 00:46:41,001 --> 00:46:44,000 ADDRESSES THAT THROUGH THE END 1388 00:46:44,001 --> 00:46:46,000 OF THE YEAR 2012. 1389 00:46:46,001 --> 00:46:47,000 THE AMENDMENT NOW OFFERED BY THE 1390 00:46:47,001 --> 00:46:48,000 DEMOCRAT MAJORITY EXTENDS IT TO 1391 00:46:48,001 --> 00:46:49,000 THE END OF THIS YEAR. 1392 00:46:49,001 --> 00:46:51,000 IF YOU'RE A PHYSICIAN OUT THERE 1393 00:46:51,001 --> 00:46:52,000 AND LOOKING FOR SOME CERTAINTY, 1394 00:46:52,001 --> 00:46:54,000 LOOKING FOR SOMETHING THAT IS A 1395 00:46:54,001 --> 00:47:00,000 LONG-TERM SOLUTION TO THIS ISSUE 1396 00:47:00,001 --> 00:47:02,000 OF CUTS IN REIMBURSEMENTS, THEN 1397 00:47:02,001 --> 00:47:03,000 EXTENSION TO THE YEAR 2012 UNDER 1398 00:47:03,001 --> 00:47:04,000 THE DEMOCRAT MAJORITY'S OPTION 1399 00:47:04,001 --> 00:47:05,000 HERE TODAY, YOU GET SOMETHING 1400 00:47:05,001 --> 00:47:06,000 THAT EXTENDS I ONLY UNTIL THE 1401 00:47:06,001 --> 00:47:09,000 END OF THIS YEAR. 1402 00:47:09,001 --> 00:47:11,000 YOU CAN DO ALL THOSE THINGS AND 1403 00:47:11,001 --> 00:47:12,000 STILL CUT THE 1404 00:47:12,001 --> 00:47:14,000 AND REDUCE FEDERAL SPENDING. 1405 00:47:14,001 --> 00:47:15,000 WHAT WE'RE OFFERING IS A 1406 00:47:15,001 --> 00:47:16,000 DIFFERENT WAY. 1407 00:47:16,001 --> 00:47:17,000 NOW, IT SEEMS TO ME, 1408 00:47:17,001 --> 00:47:20,000 MADAM PRESIDENT, THAT WHEN 1409 00:47:20,001 --> 00:47:22,000 YOU'RE SITTING ON A \$13 TLLION 1410 00:47:22,001 --> 00:47:24,000 DEBT AND YOU'RE GROWING YOUR 1411 00:47:24,001 --> 00:47:25,000 DEBT AT \$1.5 TRILLION EVERY 1412 00:47:25,001 --> 00:47:27,000 YEAR, WHICH IS WHAT'S HAPPENING. 1413 00:47:27,001 --> 00:47:29,000 THE DEFICIT THIS YEAR IS GOING 1414 00:47:29,001 --> 00:47:30,000 TO BE ABOUT \$1.5 TRILLION. 1415 00:47:30,001 --> 00:47:32,000 THAT'S WHAT IT WAS LAST YEAR. 1416 00:47:32,001 --> 00:47:33,000 WE'RE LOOKING AT \$1 TRILLION 1417 00:47:33,001 --> 00:47:34,000 DEFICITS AS FAR AS THE EYE CAN 1418 00:47:34,001 --> 00:47:36,000 SEE, TO THE POINT WHERE THE 1419 00:47:36,001 --> 00:47:37,000 INTEREST ON THE DEBT AT THE END 1420 00:47:37,001 --> 00:47:39,000 OF THE TEN-YEAR PERIOD THAT WE 1421 00:47:39,001 --> 00:47:42,000 USE FOR BUDGETING PURPOSES HERE 1422 00:47:42,001 --> 00:47:43,000 IN THE SENATE WILL EXCEED THE 1423 00:47:43,001 --> 00:47:45,000 AMOUNT WE SPEND ON DEFENSE. 1424 00:47:45,001 --> 00:47:46,000 WE WILL SPEND MORE ON INTEREST 1425 00:47:46,001 --> 00:47:48,000 ON THE DEBT THAN WE SPEND ON 1426 00:47:48,001 --> 00:47:49,000 NATIONAL SECURITY IN THIS 1427 00:47:49,001 --> 00:47:50,000 COUNTRY IF WE CONTINUE DOWN THIS 1428 00:47:50,001 --> 00:47:51,000 PATH. 1429 00:47:51,001 --> 00:47:55,000 AND IN FACT, WE WILL SPEND AT 1430 00:47:55,001 --> 00:48:00,000 THE END OF THE TEN YEARS 4.1% OF 1431 00:48:00,001 --> 00:48:01,000 OUR ENTIRE ECONOMY, OUR ENTIRE 1432 00:48:01,001 --> 00:48:03,000 GROSS DOMESTIC PRODUCT, ON 1433 00:48:03,001 --> 00:48:04,000 INTEREST ON THE DEBT, 1434 00:48:04,001 --> 00:48:05,000 MADAM PRESIDENT. 1435 00:48:05,001 --> 00:48:08,000 \$13 1436 00:48:08,001 --> 00:48:10,000 NOW, I MADE THE -- TRIED JUST TO 1437 00:48:10,001 --> 00:48:11,000 PUT THAT IN PERSPECTIVE THAT I 1438 00:48:11,001 --> 00:48:13,000 THINK PEOPLE CAN APPRECIATE AND 1439 00:48:13,001 --> 00:48:14,000 UNDERSTAND, THE OTHER DAY ON THE 1440 00:48:14,001 --> 00:48:16,000 FLOOR MENTIONED, BECAUSE I THINK 1441 00:48:16,001 --> 00:48:19,000 SOMETIMES IT'S HARD FOR US, MOST 1442 00:48:19,001 --> 00:48:21,000 OF US, MYSELF INCLUDED, T WRAP 1443 00:48:21,001 --> 00:48:23,000 YOUR HEAD AROUND \$1 TRILLION. 1444 00:48:23,001 --> 00:48:25,000 IT SOUNDS LIKE A LOT INHE 1445 00:48:25,001 --> 00:48:27,000 ABSTRACT, BUT TO TRY TO PUT IT 1446 00:48:27,001 --> 00:48:29,000 IN PERSPECTIVE THAT PERHAPS SOME 1447 00:48:29,001 --> 00:48:31,000 OF US US CAN UNDERSTAND, I USED 1448 00:48:31,001 --> 00:48:32,000 THE ANALOGY OF WHAT IS A 1449 00:48:32,001 --> 00:48:33,000 TRILLION SECONDS. 1450 00:48:33,001 --> 00:48:35,000 IF YOU TOOK A TRILLION SECONDS, 1451 00:48:35,001 --> 00:48:36,000 WHAT WOULD THAT MEAN IN TERMS OF 1452 00:48:36,001 --> 00:48:40,000 OF NUMBER OF YEARS. 1453 00:48:40,001 --> 00:48:42,000 A TRILLION SECONDS REPRESENTS 1454 00:48:42,001 --> 00:48:45,000 31,746 YEARS, IF YOU TOOK A TRILLION SECONDS. 1455 00:48:45,001 --> 00:48:47,000 IF YOU TOOK 13 TRILLION SECONDS, 1456 00:48:47,001 --> 00:48:48,000 WHICH IS WHAT THE DEBT NOW 1457 00:48:48,001 --> 00:48:51,000 REPRESENTS, THE TOTAL DEBT OUR 1458 00:48:51,001 --> 00:48:55,000 COUNTRY OWES, YOU'RE LOOKING AT 1459 00:48:55,001 --> 00:48:56,000 OVER 412,000 YEARS IF A DOLLAR 1460 00:48:56,001 --> 00:48:59,000 EQUALS A SECOND. 1461 00:48:59,001 --> 00:49:03,000 A TRILLION SECONDS, 1462 00:49:03,001 --> 00:49:05,000 MADAM PRESIDENT, 31,746 YEARS. 1463 00:49:05,001 --> 00:49:06,000 \$13 TRILLION, WHICH IS WHAT OUR 1464 00:49:06,001 --> 00:49:09,000 DEBT CONSISTS OF TODAY, AND 1465 00:49:09,001 --> 00:49:10,000 YOU'RE LOOKING AT OVER 412,000 YEARS. 1466 00:49:10,001 --> 00:49:12,000 THAT, I THI, MADAM PRESIDENT, 1467 00:49:12,001 --> 00:49:14,000 SPEAKS TO WHY WE NEED TO GET T 1468 00:49:14,001 --> 00:49:16,000 DEBT AND THE SPENDING HERE UNDER CONTROL. 1469 00:49:16,001 --> 00:49:19,000 INTERESTINGLY ENOUGH, AWHILE 1470 00:49:19,001 --> 00:49:21,000 BACK HERE IN THE SENATE, AND TO 1471 00:49:21,001 --> 00:49:23,000 MUCH FANFARE, THE MAJORITY 1472 00:49:23,001 --> 00:49:24,000 PASSED PAYGO RULES. 1473 00:49:24,001 --> 00:49:26,000 THE ASSUMPTION WOULD BE UNDER 1474 00:49:26,001 --> 00:49:30,000 THAT THAT SOMEHOW GOING FORWARD 1475 00:49:30,001 --> 00:49:32,000 THAT NEW SPENDING WOULD BE PAID FOR. 1476 00:49:32,001 --> 00:49:34,000 AND REDUCTIONS IN TAX REVENUES 1477 00:49:34,001 --> 00:49:36,000 WOULD BE OFFSET SOMEHOW BY 1478 00:49:36,001 --> 00:49:37,000 INCREASES IN TAX REVENUES AND 1479 00:49:37,001 --> 00:49:39,000 ALL THAT. 1480 00:49:39,001 --> 00:49:42,000 WELL, SINCE THAT TIME, SINCE THE 1481 00:49:42,001 --> 00:49:45,000 PASSAGE OF PGO, THE SENATE HAS 1482 00:49:45,001 --> 00:49:46,000 ALREADY APPROVED WELL OVER \$100 1483 00:49:46,001 --> 00:49:48,000 BILLION IN NEW SPENDING NOT PAID 1484 00:49:48,001 --> 00:49:50,000 FOR THAT'S ADDED TO THE DEBT. 1485 00:49:50,001 --> 00:49:51,000 AND IF THIS LEGISLATION IS 1486 00:49:51,001 --> 00:49:54,000 ENACTED, THAT NUMBER WILL 1487 00:49:54,001 --> 00:49:57,000 APPROACH \$200 BILLION SINCE WE 1488 00:49:57,001 --> 00:49:59,000 PASSED PAYGO, THE MUCH-TOUTED, 1489 00:49:59,001 --> 00:50:01,000 MUCH, YOU KNOW, AS I SAID, TO 1490 00:50:01,001 --> 00:50:03,000 MUCH FANFARE SOLUTION THAT WAS 1491 00:50:03,001 --> 00:50:06,000 GOING TO SOLVE OUR FISCAL WO ETS 1492 00:50:06,001 --> 00:50:07,000 FOR OUR -- WOES FOR OUR COUNTRY 1493 00:50:07,001 --> 00:50:09,000 AND SUGGEST A DIFFERENT WAY OF 1494 00:50:09,001 --> 00:50:11,000 DOING THINGS HERE IN THE CONGRESS. 1495 00:50:11,001 --> 00:50:13,000 ANYTHING BUT THAT HAS HAPPENED. 1496 00:50:13,001 --> 00:50:16,000 ON THE CONTRARY, EVERY TIME WE 1497 00:50:16,001 --> 00:50:17,000 HAD A MAJOR PIECE OF 1498 00:50:17,001 --> 00:50:19,000 LEGISLATION, PAYGO HAS BEEN WAIVED. 1499 00:50:19,001 --> 00:50:21,000 WE DECLARED IT AN EMERGENCY. 1500 00:50:21,001 --> 00:50:22,000 NOW EVERYTHING ISN EMERGENCY 1501 00:50:22,001 --> 00:50:26,000 AND NOTHING GETS PAID FOR. 1502 00:50:26,001 --> 00:50:30,000 AND THE DEBT CONTINUES TO GROW. 1503 00:50:30,001 --> 00:50:33,000 THE DEBTOMETER CONTINUES TO 1504 00:50:33,001 --> 00:50:36,000 SPEND FASTER AND FASTER AND THE 1505 00:50:36,001 --> 00:50:37,000 DEBT IS SPREAD TO FUTURE GENERATIONS. 1506 00:50:37,001 --> 00:50:39,000 SO THE ALTERNATIVE THAT WE OFFER 1507 00:50:39,001 --> 00:50:40,000 TO THE LEGISLATION BEFORE THE 1508 00:50:40,001 --> 00:50:42,000 SENATE TODAY THAT IS BEING PUT 1509 00:50:42,001 --> 00:50:45,000 FORWARD BY THE DEMOCRAT MAJORITY 1510 00:50:45,001 --> 00:50:46,000 IS, AS I SAID, IS VERY SIMPLE 1511 00:50:46,001 --> 00:50:47,000 AND VERY STRAIGHTFORWARD. 1512 00:50:47,001 --> 00:50:49,000 IT DOES A NUMBER OF THINGS. 1513 00:50:49,001 --> 00:50:51,000 IT DOES ALL THE THINGS WE NEED 1514 00:50:51,001 --> 00:50:53,000 TO DO IN TERMS OF EXTENSION OF 1515 00:50:53,001 --> 00:50:55,000 UNEMPLOYMENT INSURANCE, THE 1516 00:50:55,001 --> 00:50:57,000 PHYSICIAN FEE, MAKING SURE THAT 1517 00:50:57,001 --> 00:50:58,000 THAT CUT DOESN'T OCCUR, THAT THE 1518 00:50:58,001 --> 00:51:00,000 PHYSICIAN REIMBURSEMENT ISSUE IS 1519 00:51:00,001 --> 00:51:04,000 ADDRESSED, AS I SAID, THROUGH 1520 00:51:04,001 --> 00:51:09,000 THE END OF THE YEAR # 2012 -- 1521 00:51:09,001 --> 00:51:12,000 YEAR 2012. 1522 00:51:12,001 --> 00:51:15,000 WE TAKE \$37.5 BILLION OF THE \$50 1523 00:51:15,001 --> 00:51:19,000 BILLION OF UNOBLIGATED STIMULUS 1524 00:51:19,001 --> 00:51:20,000 FUNDS AND USE THOSE FUNDS TO 1525 00:51:20,001 --> 00:51:21,000 EXTEND EXISTING PROVISIONS. 1526 00:51:21,001 --> 00:51:23,000 WE CUT MONEY FROM THE GOVERNMENT 1527 00:51:23,001 --> 00:51:24,000 BY REDUCING CONGRESSIONAL BUDGETS. 1528 00:51:24,001 --> 00:51:26,000 I THINK IT'S FAIR WHEN THE 1529 00:51:26,001 --> 00:51:27,000 AMERICANS' FAMILY, THE AMERICAN 1530 00:51:27,001 --> 00:51:28,000 BUSINESS COMMUNITY AND PEOPLE 1531 00:51:28,001 --> 00:51:29,000 ACROSS THIS COUNTRY ARE MAKING 1532 00:51:29,001 --> 00:51:31,000 HARD DECISIONS ABOUT THEIR OWN 1533 00:51:31,001 --> 00:51:32,000 PERSONAL BUDTS 1534 00:51:32,001 --> 00:51:33,000 BUDGETS, THEIR BUSINESS BUDGETS, 1535 00:51:33,001 --> 00:51:35,000 HAVING TO FIGURE OUT WHERE 1536 00:51:35,001 --> 00:51:36,000 THEY'RE GOING TO CUT BACK, THE 1537 00:51:36,001 --> 00:51:38,000 LEAST WE CAN DO HERE IN CONGRESS 1538 00:51:38,001 --> 00:51:40,000 IS TO LOOK AND SCRUB OUR BUDGETS 1539 00:51:40,001 --> 00:51:43,000 AND FIGURE OUT WHAT WE CAN DO TO REDUCE SPENDING HERE. 1540 00:51:43,001 --> 00:51:45,000 SO WE CUT MONEY FROM THE BUDGET 1541 00:51:45,001 --> 00:51:46,000 BY REDUCING CONGRESSIONAL 1542 00:51:46,001 --> 00:51:49,000 BUDGETS. 1543 00:51:49,001 --> 00:51:51,000 WE RESCIND UNSPENT FEDERAL FUNDS. 1544 00:51:51,001 --> 00:51:53,000 THERE ARE LOTS OF UNAPPROPRIATED 1545 00:51:53,001 --> 00:51:55,000 MONEYS OUT THERE THAT DON'T GET 1546 00:51:55,001 --> 00:51:56,000 SPENT, THAT REVERT BACK AND GET 1547 00:51:56,001 --> 00:51:59,000 SPENT LETTER. 1548 00:51:59,001 --> 00:52:00,000 THIS SAYS IF MONEYS THAT ARE 1549 00:52:00,001 --> 00:52:01,000 APPROPRIATED AND HAVEN'T BEEN 1550 00:52:01,001 --> 00:52:03,000 SPENT, LET'S USE THAT TO PAY 1551 00:52:03,001 --> 00:52:06,000 DOWN THE FEDERAL DEBT. 1552 00:52:06,001 --> 00:52:07,000 LET'S DO THINGS WE NEED TO DO 1553 00:52:07,001 --> 00:52:09,000 HERE AND MAKE SURE WE'RE NOT 1554 00:52:09,001 --> 00:52:10,000 CONTINUING TO SPEND AND SPEND, 1555 00:52:10,001 --> 00:52:11,000 PARTICULARLY DOLLARS THAT ARE 1556 00:52:11,001 --> 00:52:13,000 NOT NEEDED. 1557 00:52:13,001 --> 00:52:14,000 IT REQUIRES THE GOVERNMENT TO 1558 00:52:14,001 --> 00:52:15,000 SELL UNUSED LAND AND AUCTION OFF 1559 00:52:15,001 --> 00:52:17,000 UNUSED EQUIPMENT. 1560 00:52:17,001 --> 00:52:18,000 IT IMPOSES A ONE-YEAR FREEZE ON 1561 00:52:18,001 --> 00:52:21,000 THE SALARIES OF FEDERAL 1562 00:52:21,001 --> 00:52:24,000 EMPLOYEES AND ELIMINATES THEIR 1563 00:52:24,001 --> 00:52:26,000 BONUSES AND CAPS -- I'M SORRY. 1564 00:52:26,001 --> 00:52:28,000 ELIMINATES THEIR BONUSES AND 1565 00:52:28,001 --> 00:52:30,000 CAPS, THE TOTAL NUMBER OF 1566 00:52:30,001 --> 00:52:34,000 EMPLOYEES AT THE FEDERAL LEVEL. 1567 00:52:34,001 --> 00:52:36,000 THERE HAS BEEN A CONCERN RAISED 1568 00:52:36,001 --> 00:52:37,000 RAISE EVEN THOSE THAT DESERVE IT. 1569 00:52:37,001 --> 00:52:39,000 WHAT THE MODIFICATION WOULD DO 1570 00:52:39,001 --> 00:52:40,000 IS ALLOW FEDERAL AGENCIES AND 1571 00:52:40,001 --> 00:52:41,000 MANAGERS FLEXIBILITY TO 1572 00:52:41,001 --> 00:52:42,000 DETERMINE HOW THEY'RE GOING TO 1573 00:52:42,001 --> 00:52:44,000 WORK WIT 1574 00:52:44,001 --> 00:52:46,000 BUDGETS TO PROVIDE, PERHAPS 1575 00:52:46,001 --> 00:52:47,000 RAISES FOR THOSE WHO HAD BEEN 1576 00:52:47,001 --> 00:52:49,000 DESERVING BUT OVERALL THEIR 1577 00:52:49,001 --> 00:52:51,000 TOP-LINE NUMBER WOULD BE FROZEN. 1578 00:52:51,001 --> 00:52:52,000 IT'S NOT LIKE NO FEDERAL 1579 00:52:52,001 --> 00:52:53,000 EMPLOYEE EVER WOULD HAVE TO GO 1580 00:52:53,001 --> 00:52:55,000 WITHOUT ANY KIND OF A RAISE, BUT 1581 00:52:55,001 --> 00:52:56,000 WE THINK THAT IT IS IMPORTANT 1582 00:52:56,001 --> 00:52:58,000 THAT THE FEDERAL GOVERNMENT GO 1583 00:52:58,001 --> 00:53:00,000 ON A DIET JUST LIKE THE FAMILY 1584 00:53:00,001 --> 00:53:01,000 BUDGET IS HAVING TO DO RIGHT NOW 1585 00:53:01,001 --> 00:53:03,000 AS WELL. 1586 00:53:03,001 --> 00:53:05,000 AND SO WE ALSO COLLECT \$3 1587 00:53:05,001 --> 00:53:06,000 BILLION IN UNPAID TAXES FROM 1588 00:53:06,001 --> 00:53:08,000 FEDERAL EMPLOYEES. 1589 00:53:08,001 --> 00:53:09,000 WE ENCOURAGE RESPONSIBILITY AND 1590 00:53:09,001 --> 00:53:12,000 PRIORITIZING WITHIN THE FEDERAL 1591 00:53:12,001 --> 00:53:13,000 BUDGET BY REQUIRING A 5% 1592 00:53:13,001 --> 00:53:16,000 ACROSS-THE-BOARD DISCRETIONARY 1593 00:53:16,001 --> 00:53:18,000 SPENDING CUT FOR ALL AGENCIES 1594 00:53:18,001 --> 00:53:20,000 EXCEPT AT THE V.A. AND THE 1595 00:53:20,001 --> 00:53:22,000 DEPARTMENT OF DEFENSE. 1596 00:53:22,001 --> 00:53:25,000 AGAIN, THERE HAS BEEN A LOT OF 1597 00:53:25,001 --> 00:53:27,000 SUGGESTION THAT SOMEHOW THIS IS 1598 00:53:27,001 --> 00:53:29,000 GOING TO WRECK THE ECONOMY AND 1599 00:53:29,001 --> 00:53:30,000 FORCE, AS I SAW SOME THINGS OUT 1600 00:53:30,001 --> 00:53:33,000 YESTERDAY THAT THIS WAS GOING TO 1601 00:53:33,001 --> 00:53:34,000 FORCE A GOVERNMENT SHUTDOWN. 1602 00:53:34,001 --> 00:53:35,000 WHAT THIS AMOUNTS TO, 1603 00:53:35,001 --> 00:53:36,000 MADAM PRESIDENT, IS A 2% 1604 00:53:36,001 --> 00:53:37,000 REDUCTION THROUGH THE END OF 1605 00:53:37,001 --> 00:53:39,000 THIS TPAOERBLGS WHICH IS 1606 00:53:39,001 --> 00:53:40,000 SEPTEMBER 30 -- FISCAL YEAR, 1607 00:53:40,001 --> 00:53:43,000 WHICH IS SEPTEMBER 30. 1608 00:53:43,001 --> 00:53:44,000 I DON'T THINK OUT OF A \$250 1609 00:53:44,001 --> 00:53:46,000 BILLION BUDGET THAT IF YOU'RE A 1610 00:53:46,001 --> 00:53:48,000 GOOD MANAGER AT THESE FEDERAL 1611 00:53:48,001 --> 00:53:50,000 AGENCIES YOU COULDN'T FIND 2% TO 1612 00:53:50,001 --> 00:53:51,000 SHAVE OFF THAT IN ORDER TO 1613 00:53:51,001 --> 00:53:53,000 PRODUCE THE SAVINGS WE NEED IN 1614 00:53:53,001 --> 00:53:55,000 ORDER TO PAY FOR THIS LEGISLATION. 1615 00:53:55,001 --> 00:53:56,000 IT ENCOURAGES RESPONSIBILITY AND 1616 00:53:56,001 --> 00:53:58,000 PRIORITIZING BY SAVING \$5 1617 00:53:58,001 --> 00:53:59,000 BILLION AND ELIMINATING WHAT IS 1618 00:53:59,001 --> 00:54:03,000 NONESSENTIAL GOVERNMENT TRAVEL. 1619 00:54:03,001 --> 00:54:05,000 IT ELIMINATES BONUSES FOR 1620 00:54:05,001 --> 00:54:06,000 POOR-PERFORMING GOVERNMENT CONTRACTORS. 1621 00:54:06,001 --> 00:54:09,000 FINAY, MADAM PRESIDENT, IT 1622 00:54:09,001 --> 00:54:10,000 DOES CREATE A NEW DEFICIT 1623 00:54:10,001 --> 00:54:11,000 REDUCTION TRUST FUND WHERE 1624 00:54:11,001 --> 00:54:12,000 RESCINDED BALANCES AND MONEYS 1625 00:54:12,001 --> 00:54:13,000 SAVED THROUGH THIS AMENDMENT 1626 00:54:13,001 --> 00:54:15,000 WILL BE DEPOSITED FOR THE 1627 00:54:15,001 --> 00:54:16,000 PURPOSES OF PAYING DOWN THE 1628 00:54:16,001 --> 00:54:17,000 FEDERAL DEBT. 1629 00:54:17,001 --> 00:54:19,000 I SAID THIS THE OTHER DAY, AND 1630 00:54:19,001 --> 00:54:21,000 I'LL SAY IT AGAIN, I THINK THIS 1631 00:54:21,001 --> 00:54:23,000 OUGHT TO BE A NO BRAINER FOR US 1632 00:54:23,001 --> 00:54:24,000 HERE. 1633 00:54:24,001 --> 00:54:26,000 IRRESPECTIVE OF WHICH SIDE OF 1634 00:54:26,001 --> 00:54:28,000 THE POLITICAL AISLE YOU ARE ON, 1635 00:54:28,001 --> 00:54:29,000 YOU UNDOUBTEDLY ARE HEARING FROM 1636 00:54:29,001 --> 00:54:31,000 CONSTITUENTS ACROSS THIS COUNTRY 1637 00:54:31,001 --> 00:54:33,000 WHO ARE VERY CONCERNED ABOUT THE 1638 00:54:33,001 --> 00:54:35,000 AMOUNTS OF SPENDING, THE AMOUNTS 1639 00:54:35,001 --> 00:54:37,000 OF DEBT, THE CONCERN ABOUT 1640 00:54:37,001 --> 00:54:39,000 INCREASING TAXES, PARTICULARLY 1641 00:54:39,001 --> 00:54:41,000 BUSINESSES, WE HEAR ABOUT A LOT 1642 00:54:41,001 --> 00:54:42,000 OF INVESTMENTS FROZEN ON THE 1643 00:54:42,001 --> 00:54:43,000 SIDELINES BECAUSE INVESTORS ARE 1644 00:54:43,001 --> 00:54:44,000 CONCERNED ABOUT THE UNCERTAINTY 1645 00:54:44,001 --> 00:54:46,000 THAT EXIS OUT THERE WITH 1646 00:54:46,001 --> 00:54:48,000 REGARD TO TAXES AND WHAT THEY'RE 1647 00:54:48,001 --> 00:54:49,000 GOING TO DO IN THE FUTURE. 1648 00:54:49,001 --> 00:54:51,000 CLEARLY THIS BILL, AS I SAID 1649 00:54:51,001 --> 00:54:53,000 EARLIER, RAISES TAXES. 1650 00:54:53,001 --> 00:54:54,000 IT RAISES TAXES BY ABOUT \$50 1651 00:54:54,001 --> 00:54:55,000 BILLION IN THE CURRENT VERSION 1652 00:54:55,001 --> 00:54:57,000 OF IT. 1653 00:54:57,001 --> 00:54:59,000 WHAT WE WOULD DO IS REDUCE THE 1654 00:54:59,001 --> 00:55:01,000 TAX BURDEN BY EXTENDING THESE 1655 00:55:01,001 --> 00:55:02,000 EXPIRING TAX PROVISIONS, BUT DO 1656 00:55:02,001 --> 00:55:04,000 IT IN A WAY THAT DOESN'T REQUIRE 1657 00:55:04,001 --> 00:55:06,000 NEW TAXES ON INVESTMENT, NEW 1658 00:55:06,001 --> 00:55:09,000 TAXES ON SMALL BUSINESSES, NEW 1659 00:55:09,001 --> 00:55:13,000 TAXES ON OUR ECONOMY AT A TIME 1660 00:55:13,001 --> 00:55:15,000 WHEN WE WE CAN LEAST AFFORD IT AND 1661 00:55:15,001 --> 00:55:17,000 WHEN WE OUGHT TO BE LOOKING AT 1662 00:55:17,001 --> 00:55:19,000 WAYS TO MAKE TAXES LOW AND DOING 1663 00:55:19,001 --> 00:55:21,000 EVERYTHING POSSIBLE TO LESSEN 1664 00:55:21,001 --> 00:55:22,000 THE BURDEN ON SMALL BUSINESSES, 1665 00:55:22,001 --> 00:55:23,000 THOSE JOB CREATORS, IN OUR ECONOMY. 1666 00:55:23,001 --> 00:55:25,000 ONE OF THE THINGS WE MENTION AND 1667 00:55:25,001 --> 00:55:26,000 WE DO IN OUR LEGISLATION, 1668 00:55:26,001 --> 00:55:27,000 MADAM PRESIDENT, IS WE DO 1669 00:55:27,001 --> 00:55:28,000 ADDRESS ONE OF THE ISSUES WITH 1670 00:55:28,001 --> 00:55:30,000 REGARD TO HEALTH CARE. 1671 00:55:30,001 --> 00:55:31,000 THE SENATOR FROM MONTANA 1672 00:55:31,001 --> 00:55:33,000 CHARACTERIZED THAT LOWERING THE 1673 00:55:33,001 --> 00:55:34,000 AFFORDABILITY THRESHOLD FOR THE 1674 00:55:34,001 --> 00:55:38,000 INDIVIDUAL MANDATE WILL STRIKE 1675 00:55:38,001 --> 00:55:39,000 AT THE HEART OF HEALTH REFORM. 1676 00:55:39,001 --> 00:55:41,000 FIRST OFF, MADAM PRESIDENT, LET 1677 00:55:41,001 --> 00:55:42,000 ME JUST POINT OUT THAT THIS 1678 00:55:42,001 --> 00:55:43,000 AMENDMENT WAS TAKEN DIRECTLY 1679 00:55:43,001 --> 00:55:45,000 FROM AN AMENDMENT THAT WAS FILED 1680 00:55:45,001 --> 00:55:47,000 BY SENATOR SCHUMER DURING THE 1681 00:55:47,001 --> 00:55:48,000 FINANCE COMMITTEE MARKUP OF THE 1682 00:55:48,001 --> 00:55:49,000 HEALTH CARE REFORM BILL. 1683 00:55:49,001 --> 00:55:52,000 I DON'T THINK HIS INTENTION WAS 1684 00:55:52,001 --> 00:55:54,000 TO STRIKE AT THE HEART OF HEALTH REFORM. 1685 00:55:54,001 --> 00:55:55,000 I THOUGHT THE HEART OF HEALTH 1686 00:55:55,001 --> 00:55:57,000 REFORM WAS TO MAKE SURE THAT 1687 00:55:57,001 --> 00:55:59,000 PEOPLE HAVE ACCESS TO AFFORDABLE COVERAGE. 1688 00:55:59,001 --> 00:56:02,000 I DON'T THINK THAT WAS SENATOR 1689 00:56:02,001 --> 00:56:03,000 SCHUMER'S INTENTION. 1690 00:56:03,001 --> 00:56:05,000 I BELIEVE HE WAS THINKING WE 1691 00:56:05,001 --> 00:56:07,000 OUGHT TO MAKE SURE THAT LOW 1692 00:56:07,001 --> 00:56:10,000 INCOME PEOPLE WERE NOT FORCED TO 1693 00:56:10,001 --> 00:56:12,000 BUY UNAFFORDABLE COVERAGE SIMPLY BECAUSE OF HEALTH CARE REFORM 1694 00:56:12,001 --> 00:56:13,000 AND BECAUSE THEY NEEDED A WAY TO FINANCE HEALTH CARE REFORM. 1695 00:56:13,001 --> 00:56:14,000 THIS AMENDMENT WOULD MAKE SURE 1696 00:56:14,001 --> 00:56:17,000 THAT INDIVIDUALS, FAMILIES ARE 1697 00:56:17,001 --> 00:56:18,000 NOT SUBJECT TO AN INTRUSIVE AND 1698 00:56:18,001 --> 00:56:20,000 BURDENSOME NEW FEDERAL MANDATE 1699 00:56:20,001 --> 00:56:23,000 IF THEY CAN'T AFFORD HEALTH INSURANCE. 1700 00:56:23,001 --> 00:56:24,000 SO, IT'S A FAIRLY 1701 00:56:24,001 --> 00:56:25,000 STRAIGHTFORWARD MODIFICATION TO 1702 00:56:25,001 --> 00:56:26,000 THE HEALTH CARE LEGISLATION 1703 00:56:26,001 --> 00:56:28,000 WHICH TAKES WAY SOME OF THE 1704 00:56:28,001 --> 00:56:29,000 BURDEN THAT'S IMPOSED ON PEOPLE 1705 00:56:29,001 --> 00:56:31,000 AT LOWER-INCOME LEVELS. 1706 00:56:31,001 --> 00:56:34,000 IN FACT, IT MAKES A LOT OF SENSE 1707 00:56:34,001 --> 00:56:35,000 TO ME, IF YOU LOOK AT THE 1708 00:56:35,001 --> 00:56:37,000 CURRENT HEALTH CARE BILL, UNDER 1709 00:56:37,001 --> 00:56:39,000 THAT BILL, LOW-INCOME 1710 00:56:39,001 --> 00:56:41,000 INDIVIDUALS -- THOSE UNDER 300% 1711 00:56:41,001 --> 00:56:43,000 OF THE FEDERAL POVERTY LEVEL -- 1712 00:56:43,001 --> 00:56:44,000 ARE SLATED TO PAY ABOUT 1713 00:56:44,001 --> 00:56:47,000 BILLION IN MANDATE PENALTIES. 1714 00:56:47,001 --> 00:56:49,000 THE SUGGESTION WAS THAT SOMEHOW 1715 00:56:49,001 --> 00:56:50,000 IF WE MAKE INSURANCE PREMIUMS ARE GOING TO 1716 00:56:50,001 --> 00:56:52,000 GO UP. 1717 00:56:52,001 --> 00:56:53,000 WELL, I'M TELLING YOU SOMETHING, 1718 00:56:53,001 --> 00:56:55,000 WE TRIED TO MAKE THIS POINT MANY 1719 00:56:55,001 --> 00:56:56,000 TIMES DURING T COURSE OF THE 1720 00:56:56,001 --> 00:56:58,000 DEBATE ON HEALTH CARE REFORM, 1721 00:56:58,001 --> 00:57:00,000 INSURANCE PREMIUMS ARE GOING UP. 1722 00:57:00,001 --> 00:57:02,000 IN FACT, PRICEWATERHOUSE COOPERS 1723 00:57:02,001 --> 00:57:04,000 PREDICTED THIS WEEK THAT HEALTH 1724 00:57:04,001 --> 00:57:06,000 CARE COSTS ARE GOING TO CONTINUE 1725 00:57:06,001 --> 00:57:08,000 TO RISE AT AN UNSUSTAINABLE RATE 1726 00:57:08,001 --> 00:57:10,000 NEXT YEAR BY ABOUT 9%. 1727 00:57:10,001 --> 00:57:11,000 SO, IT'S ALREADY CLEAR THAT 1728 00:57:11,001 --> 00:57:13,000 HEALTH CARE REFORM IS NOT GOING 1729 00:57:13,001 --> 00:57:16,000 TO LIVE UP TO MANY OF ITS PROMISES. 1730 00:57:16,001 --> 00:57:18,000 IT IS GOING TO CONTINUE TO RAISE 1731 00:57:18,001 --> 00:57:21,000 PREMIUMS FOR MOS AMERICANS, AND 1732 00:57:21,001 --> 00:57:22,000 THAT HAS TO DO A LOT MORE WITH 1733 00:57:22,001 --> 00:57:24,000 THE HEALTH CARE REFORM, THE 1734 00:57:24,001 --> 00:57:25,000 SUBSTANCE OF THAT THAN ANYTHING 1735 00:57:25,001 --> 00:57:26,000 ELSE. 1736 00:57:26,001 --> 00:57:27,000 IT DOESN'T HAVE ANYTHING TO DO 1737 00:57:27,001 --> 00:57:29,000 WITH WHAT WE'RE TRYING TO 1738 00:57:29,001 --> 00:57:30,000 ACCOMPLISH HERE, BY, AS I SAID, 1739 00:57:30,001 --> 00:57:32,000 REDUCING THE IMPACT OF THE 1740 00:57:32,001 --> 00:57:33,000 INDIVIDUAL MANDATE ON LOW-INCOME 1741 00:57:33,001 --> 00:57:35,000 INDIVIDUALS IN THIS COUNTRY. 1742 00:57:35,001 --> 00:57:36,000 THESE ARE ALL FAIRLY 1743 00:57:36,001 --> 00:57:38,000 STRAIGHTFORWARD REFORMS. 1744 00:57:38,001 --> 00:57:39,000 WE DO TOUCH MEDICAL MALPRACTICE 1745 00:57:39,001 --> 00:57:40,000 RERM. 1746 00:57:40,001 --> 00:57:41,000 WE THINK THAT THAT'S SOMETHING 1747 00:57:41,001 --> 00:57:43,000 THAT SHOULD HAVE BEEN A PART OF 1748 00:57:43,001 --> 00:57:44,000 HEALTH CARE REFORM AND WASN'T, 1749 00:57:44,001 --> 00:57:45,000 THAT WOULD HELP REDUCE HEALTH 1750 00:57:45,001 --> 00:57:47,000 CARE COSTS FOR PEOPLE IN THIS 1751 00:57:47,001 --> 00:57:48,000 COUNTRY AND ACHIEVE SOME SAVINGS 1752 00:57:48,001 --> 00:57:50,000 THAT WE CAN USE, AGAIN, TO HELP 1753 00:57:50,001 --> 00:57:51,000 PAY DOWN THE FEDERAL DEBT, HELP 1754 00:57:51,001 --> 00:57:53,000 ADDRESS THE CONCERNS THAT WE 1755 00:57:53,001 --> 00:57:55,000 NEED TO ADDRESS WITH THIS LEGISLATION. 1756 00:57:55,001 --> 00:57:56,000 BUT THE BOTTOM LINE, AS I SAID 1757 00:57:56,001 --> 00:57:58,000 EARLIER, 1758 00:57:58,001 --> 00:58:00,000 WE'RE LOOKING AT HERE IS A VERY 1759 00:58:00,001 --> 00:58:01,000 CLEAR CHOICE FOR UNITED STATES 1760 00:58:01,001 --> 00:58:02,000 SENATORS. 1761 00:58:02,001 --> 00:58:03,000 UNITED STATES SENATORS CAN 1762 00:58:03,001 --> 00:58:05,000 CHOOSE TO SOFLT PROBLEM BEFORE 1763 00:58:05,001 --> 00:58:06,000 US -- SOLVE THE PROBLEM BEFORE 1764 00:58:06,001 --> 00:58:13,000 US IN ONE OF TWO WAYS. 1765 00:58:13,001 --> 00:58:14,000 THE FIRST WAY IS THROUGH \$50 1766 00:58:14,001 --> 00:58:17,000 BILLION IN ADDITIONAL TAX 1767 00:58:17,001 --> 00:58:18,000 INCREASES AND ABOUT \$100 BILLION IN ADDITIONAL SPENDING. 1768 00:58:18,001 --> 00:58:21,000 THE ALTERNATIVE THAT I OFFER 1769 00:58:21,001 --> 00:58:23,000 CUTS TAXES BY \$26 BILLION, 1770 00:58:23,001 --> 00:58:25,000 REDUCES SPENDING BY \$100 1771 00:58:25,001 --> 00:58:27,000 BILLION, AND CUTS THE FEDERAL 1772 00:58:27,001 --> 00:58:29,000 DEBT, REDUCES THE FEDERAL DEBT 1773 00:58:29,001 --> 00:58:31,000 BY \$68 BILLION ACCORDING TO THE 1774 00:58:31,001 --> 00:58:32,000 CONGRESSIONAL BUDGET OFFICE. 1775 00:58:32,001 --> 00:58:34,000 IN MY VIEW, AS SAID AT THE 1776 00:58:34,001 --> 00:58:35,000 BEGINNING OF MY REMARKS, THERE'S 1777 00:58:35,001 --> 00:58:37,000 NOTHING MORE IMPORTANT TO OUR 1778 00:58:37,001 --> 00:58:40,000 ECONOMY THAN DEALING WITH THI 1779 00:58:40,001 --> 00:58:43,000 CLOUD OF DEBT, THIS HUGE BURDEN 1780 00:58:43,001 --> 00:58:44,000 THAT HANGS OVER OUR ECONOMY OF 1781 00:58:44,001 --> 00:58:46,000 OUT-OF-CONTROL FEDERAL SPENDING, 1782 00:58:46,001 --> 00:58:47,000 OUT-OF-CONTROL FEDERAL DEBT, 1783 00:58:47,001 --> 00:58:48,000 DEFICITS THAT ARE OVER \$1 1784 00:58:48,001 --> 00:58:50,000 TRILLION OR AT \$1 TRILLION AS 1785 00:58:50,001 --> 00:58:52,000 FAR AS THE EYE CAN S, AND THE 1786 00:58:52,001 --> 00:58:55,000 CONCERN AUT TAX INCREASES ON 1787 00:58:55,001 --> 00:58:56,000 OUR ECONOMY AND HOW THOSE WOULD 1788 00:58:56,001 --> 00:58:57,000 IMPACT OUR SMALL BUSINESSES AND 1789 00:58:57,001 --> 00:59:02,000 THEIR ABILITY TO CREATE JOBS. 1790 00:59:02,001 --> 00:59:03,000 AND SO, THIS LEGISLATION, AGAIN, 1791 00:59:03,001 --> 00:59:04,000 DEALS WITH THE ISSUE OF THE 1792 00:59:04,001 --> 00:59:06,000 DEBT, DEALS WITH THE ISSUE OF 1793 00:59:06,001 --> 00:59:07,000 TAXES, DEALS WITH THE ISSUE OF 1794 00:59:07,001 --> 00:59:08,000 SPENDING AND ACCOMPLISHES ALL 1795 00:59:08,001 --> 00:59:10,000 THE UNDERLYING OBJECT IVES THAT 1796 00:59:10,001 --> 00:59:11,000 WE ALL HAVE OF EXTENDING 1797 00:59:11,001 --> 00:59:14,000 UNEMPLOYMENT BENEFITS,F 1798 00:59:14,001 --> 00:59:17,000 DEALING WITH THESE EXPIRING TAX 1799 00:59:17,001 --> 00:59:19,000 PROVISIONS, AND 1800 00:59:19,001 --> 00:59:22,000 IMPENDING REDUCTION IN PHYSICIAN 1801 00:59:22,001 --> 00:59:23,000 REIMBURSEMENTS. 1802 00:59:23,001 --> 00:59:24,000 SO, MADAM PRESIDENT, WITH THAT 1803 00:59:24,001 --> 00:59:25,000 INTRODUCTION, I WILL RESERVE THE 1804 00:59:25,001 --> 00:59:27,000 BALANCE OF MY TIME. 1805 00:59:27,001 --> 00:59:30,000 I THINK WE'VE OTHER SPEAKERS WHO 1806 00:59:30,001 --> 00:59:31,000 WANT TO COME DOWN HERE AND I 1807 00:59:31,001 --> 00:59:57,000 LOOK FORWARD 1808 00:59:57,001 --> 00:59:58,000 THEM AS WELL.MR B 1809 00:59:58,001 --> 00:59:59,000 THE PRESIDING OFFICER: THE 1810 00:59:59,001 --> 01:00:00,000 SENATOR FROM MONTANA. 1811 01:00:00,001 --> 01:00:01,000 MR. BAUCUS: I MIGHT ASK THE 1812 01:00:01,001 --> 01:00:03,000 SENATOR FROM NEW HAMPSHIRE IF HE 1813 01:00:03,001 --> 01:00:04,000 WISHES TO SPEAK. 1814 01:00:04,001 --> 01:00:05,000 MR. GREGG: MADAM PRESIDENT, I 1815 01:00:05,001 --> 01:00:06,000 APPRECIATE -- 1816 01:00:06,001 --> 01:00:07,000 THE PRESIDING OFFICER: THE 1817 01:00:07,001 --> 01:00:09,000 SENATOR FROM NEW HAMPSHIRE. 1818 01:00:09,001 --> 01:00:10,000 GREG GRG I APPRECIATE THE 1819 01:00:10,001 --> 01:00:11,000 SENATOR'S -- 1820 01:00:11,001 --> 01:00:12,000 MR. GREGG: I APPRECIATE THE 1821 01:00:12,001 --> 01:00:13,000 SENATOR'S GRACIOUSNESS. 1822 01:00:13,001 --> 01:00:15,000 I WOULD LIKE TO SPEAK?? ON BEHALF 1823 01:00:15,001 --> 01:00:16,000 OF THE THUNE AMENDMENT. THE PRESIDING OFFICER: IS NOT 1824 01:00:16,001 --> 01:00:17,000 FRR NEW HAMPSHIRE. 1825 01:00:17,001 --> 01:00:18,000 MR. GREGG: MADAM PRESIDENT, I 1826 01:00:18,001 --> 01:00:20,000 JUST WANT TO RISE TO 1827 01:00:20,001 --> 01:00:22,000 CONGRATULATE THE SENATOR FROM 1828 01:00:22,001 --> 01:00:25,000 SOUTH DAKOTA ON HIS ISSUE. 1829 01:00:25,001 --> 01:00:27,000 THE BILL THAT'S BEFORE US -- THE 1830 01:00:27,001 --> 01:00:30,000 AMENDMENT TO THE BILL THAT'S 1831 01:00:30,001 --> 01:00:32,000 BEFORE US ADDS \$50 BILLION TO 1832 01:00:32,001 --> 01:00:35,000 THE DEFICIT. 1833 01:00:35,001 --> 01:00:37,000 THAT'S \$50 BILLION TO THE DEBT. 1834 01:00:37,001 --> 01:00:40,000 THAT'S \$50 BILLION THAT OUR KIDS 1835 01:00:40,001 --> 01:00:42,000 HAVE TO PAY SO THAT WE CAN SPEND 1836 01:00:42,001 --> 01:00:44,000 MONEY TODAY ON POLITICALLY 1837 01:00:44,001 --> 01:00:48,000 ATTRACTIVE THINGS. 1838 01:00:48,001 --> 01:00:49,000 ON TOP OF THAT, THE BILL, AS 1839 01:00:49,001 --> 01:00:54,000 PROPOSED, HAS SOME REALLY OWN 1840 01:00:54,001 --> 01:00:56,000 YONEROUS TAX POLICY IN IT WHICH 1841 01:00:56,001 --> 01:00:57,000 WILL ECONOMICALLY CONTRACT 1842 01:00:57,001 --> 01:00:59,000 ECONOMIC ACTIVITY IN THIS 1843 01:00:59,001 --> 01:01:00,000 COUNTRY BY TAXING PEOPLE AT 1844 01:01:00,001 --> 01:01:02,000 ORDINARY INCOME FOR ACTIVITY 1845 01:01:02,001 --> 01:01:05,000 WHICH HAS HISTORICALLY 1846 01:01:05,001 --> 01:01:06,000 TAXED AT A CAPITAL GAINS R 1847 01:01:06,001 --> 01:01:08,000 AND, THUS, FORCE PEOPLE TO BE 1848 01:01:08,001 --> 01:01:09,000 LESS INCENTIVIZED TO GO OUT 1849 01:01:09,001 --> 01:01:11,000 THERE AND BE PRODUCTIVE AND 1850 01:01:11,001 --> 01:01:14,000 CREATE JOBS. 1851 01:01:14,001 --> 01:01:15,000 ITSEALLYOL 1852 01:01:15,001 --> 01:01:17,000 IT'S REALLY POOR TAX POLICY. 1853 01:01:17,001 --> 01:01:18,000 SO THE SENATOR FROM SOUTH DAKOTA 1854 01:01:18,001 --> 01:01:20,000 HAS COME UP WITH A PROPOSAL, 1855 01:01:20,001 --> 01:01:23,000 WHICH IS THE WAY WE SHOULD BE 1856 01:01:23,001 --> 01:01:25,000 GOVERNING NOW, WHICH IS TO PAY 1857 01:01:25,001 --> 01:01:28,000 FOR THINGS TODAY ON THINGS WE 1858 01:01:28,001 --> 01:01:31,000 WANT T SPEND 1859 01:01:31,001 --> 01:01:34,000 AND, YOU KNOW, WE'RE FACING A 1860 01:01:34,001 --> 01:01:35,000 \$1.4 TRILLION DEFICIT 1861 01:01:35,001 --> 01:01:38,000 TRILLION THIS YEAR. 1862 01:01:38,001 --> 01:01:40,000 NEXT YEAR WE'RE FACING AN 1863 01:01:40,001 --> 01:01:43,000 EQUALLY LARGE DEFICIT, AND UNDER 1864 01:01:43,001 --> 01:01:44,000 THE PRESIDENT'S BUDGET AND THE 1865 01:01:44,001 --> 01:01:47,000 LEADERSHIP -- AND THE BUDGET OF 1866 01:01:47,001 --> 01:01:50,000 THE DEMOCRATIC LEADEHIP, WE'RE 1867 01:01:50,001 --> 01:01:55,000 TALKING A \$1 TRILLION DEFICIT 1868 01:01:55,001 --> 01:01:56,000 FOR AS FAR AS THE EYE CAN SEE. 1869 01:01:56,001 --> 01:01:59,000 THE DEBT WILL DOUBLE IN 1870 01:01:59,001 --> 01:02:00,000 YEARS AND WILL TRIPLE 1871 01:02:00,001 --> 01:02:02,000 YEARS. 1872 01:02:02,001 --> 01:02:04,000 A CHILD BORN TODAY -- AT THE 1873 01:02:04,001 --> 01:02:05,000 BEGINNING OF? THE OBAMA 1874 01:02:05,001 --> 01:02:10,000 ADMINISTRATION ARRIVED HERE IN 1875 01:02:10,001 --> 01:02:11,000 OUR NATION WITH AN \$89,000 DEBT 1876 01:02:11,001 --> 01:02:15,000 -- \$89,000. 1877 01:02:15,001 --> 01:02:16,000 BY THE TE MY COLLEAGUES ON THE 1878 01:02:16,001 --> 01:02:17,000 OTHER SIDE OF THE AISLE GET 1879 01:02:17,001 --> 01:02:19,000 FINISHED, SHOULTHE PRESIDENT 1880 01:02:19,001 --> 01:02:21,000 BE REELECTED, UNDER HIS BUDGET 1881 01:02:21,001 --> 01:02:24,000 -- UNDER THE TERMS OF HIS BUDGET 1882 01:02:24,001 --> 01:02:25,000 -- THAT CHILD IS GOING TO HAVE A 1883 01:02:25,001 --> 01:02:26,000 \$200,000 DEBT TO 1884 01:02:26,001 --> 01:02:27,000 AND WHY? 1885 01:02:27,001 --> 01:02:30,000 BECAUSE WE KEEP GETTING BILLS 1886 01:02:30,001 --> 01:02:33,000 LIKE THIS. 1887 01:02:33,001 --> 01:02:36,000 \$50 BILLION HERE, \$100 BILLION 1888 01:02:36,001 --> 01:02:38,000 HERE, \$25 1889 01:02:38,001 --> 01:02:39,000 BEING SPENT WITHOUT BEING PAID 1890 01:02:39,001 --> 01:02:41,000 FOR, AND, THEREFORE, BEING ADDED 1891 01:02:41,001 --> 01:02:43,000 TO THE DEFICIT AND TO THE DEBT. 1892 01:02:43,001 --> 01:02:45,000 IT'S TOTALLY WRONG. 1893 01:02:45,001 --> 01:02:48,000 IT'S UNFAIR. 1894 01:02:48,001 --> 01:02:50,000 IT'S 1895 01:02:50,001 --> 01:02:51,000 SHOULD DO THIS TO ANOTHER 1896 01:02:51,001 --> 01:02:53,000 GENERATION AND IT IS CERTAINLY NOT RESPONSIBLE GOVERNMENT. 1897 01:02:53,001 --> 01:02:55,000 WE HAD A BIG DEBATE IN THIS 1898 01:02:55,001 --> 01:02:56,000 CHAMBER ABOUT TWO MONTHS AGO NOW 1899 01:02:56,001 --> 01:02:58,000 ABOUT HOW RESPONSIBLE THE OTHER 1900 01:02:58,001 --> 01:03:00,000 SIDE OF THE AISLE WAS GOING BE ON SPENDING. 1901 01:03:00,001 --> 01:03:02,000 THEY CALLED IT PAYGO. 1902 01:03:02,001 --> 01:03:03,000 IT SHOULD HAVE BEEN CLED 1903 01:03:03,001 --> 01:03:06,000 FRAUDGO. 1904 01:03:06,001 --> 01:03:07,000 BECAUSE AS A 1905 01:03:07,001 --> 01:03:09,000 MATTER, THAT'S WHAT IT'S BECOME. 1906 01:03:09,001 --> 01:03:11,000 THIS BILL GAMES THE PAYGO RULES 1907 01:03:11,001 --> 01:03:15,000 OF THE DEMOCRATIC LEADERSHIP TO 1908 01:03:15,001 --> 01:03:19,000 THE TUNE OF \$50 1909 01:03:19,001 --> 01:03:21,000 DECLARING I AN EMERGENCY ON ITEMS 1910 01:03:21,001 --> 01:03:22,000 THAT ARE NOT AN EMERGENCY THAT 1911 01:03:22,001 --> 01:03:24,000 WE KNOW EXIST AND HAVE BEEN 1912 01:03:24,001 --> 01:03:30,000 SPENT ON NOW FOR QUITE A WHILE. 1913 01:03:30,001 --> 01:03:31,000 SINCE THAT BILL 1914 01:03:31,001 --> 01:03:32,000 PAYGO BILL THAT WAS GOING TO 1915 01:03:32,001 --> 01:03:34,000 REQUIRE THIS CONGRESS TO PAY FOR 1916 01:03:34,001 --> 01:03:35,000 ALL THE MONEY THAT IT WAS GOING 1917 01:03:35,001 --> 01:03:37,000 TO SPEND, THE OTHER SIDE OF THE 1918 01:03:37,001 --> 01:03:39,000 AISLE HAS BROUGHT FORWARD OR IS 1919 01:03:39,001 --> 01:03:41,000 IN THE PROCESS OF BRINGING 1920 01:03:41,001 --> 01:03:47,000 FORWARD \$200 BILLION OF SPENDING 1921 01:03:47,001 --> 01:03:49,000 WHICH WAS -- IS N PAID FOR. 1922 01:03:49,001 --> 01:03:50,000 \$200 BILLION OF SPENDING WHICH 1923 01:03:50,001 --> 01:03:51,000 IS GOING TO BE ADDED TO THE 1924 01:03:51,001 --> 01:03:52,000 DEBT. 1925 01:03:52,001 --> 01:03:53,000 THAT'S TOARLTLY IRRESPONSIBLE. 1926 01:03:53,001 --> 01:03:54,000 SO THE SENATOR FROM -- THAT'S 1927 01:03:54,001 --> 01:03:58,000 TOTALLY IRRESPONSIBLE. 1928 01:03:58,001 --> 01:04:02,000 SO THE SENATOR FROM SOUTH DAKOTA 1929 01:04:02,001 --> 01:04:04,000 HAS IT RIGHT, AS HE SO OFTEN Z 1930 01:04:04,001 --> 01:04:06,000 HE HAS SAID, L 1931 01:04:06,001 --> 01:04:09,000 RESPONSIBLY. 1932 01:04:09,001 --> 01:04:10,000 IF WE'RE GOING TO SPEND THIS 1933 01:04:10,001 --> 01:04:14,000 MONEY, IF WE'RE GOING TO PUT 1934 01:04:14,001 --> 01:04:17,000 GOING TO SPEND THIS MONEY ON 1935 01:04:17,001 --> 01:04:19,000 THESE DIFFERENT SOCIAL 1936 01:04:19,001 --> 01:04:20,000 INITIATIVES, LET'S PAY FOR THEM. 1937 01:04:20,001 --> 01:04:22,000 BECAUSE THEY BENEFIT US TODAY, 1938 01:04:22,001 --> 01:04:23,000 AND WE SHOULDN'T PASS THE BILL 1939 01:04:23,001 --> 01:04:24,000 FOR THEM ON TO OUR CHILDREN 1940 01:04:24,001 --> 01:04:25,000 TOMORROW, NEXT YEAR, AND 10 1941 01:04:25,001 --> 01:04:28,000 YEARS FROM NOW 1942 01:04:28,001 --> 01:04:29,000 THIS IS RESPONSIBLE 1943 01:04:29,001 --> 01:04:31,000 AND I CONGRATULATE THE SENATOR 1944 01:04:31,001 --> 01:04:32,000 FROM SOUTH DAKOTA, AND I LOOK 1945 01:04:32,001 --> 01:04:34,000 FORWARD WITH ENTHUSIASM FOR 1946 01:04:34,001 --> 01:04:35,000 FINALLY VOTING FOR A BILL AROUND 1947 01:04:35,001 --> 01:04:36,000 HERE THERE'S PAID 1948 01:04:36,001 --> 01:04:37,000 THAT'S WHAT WE SHOULD BE DOING 1949 01:04:37,001 --> 01:04:39,000 EVERY DAY INSTEAD OF SPENDING 1950 01:04:39,001 --> 01:04:40,000 MONEY WE DON'T HAV 1951 01:04:40,001 --> 01:04:41,000 THOSE BILLS ON TO OUR KIDS. 1952 01:04:41,001 --> 01:04:44,000 THANK YOU, MR. PRESIDENT. 1953 01:04:44,001 --> 01:04:47,000 I YIELD THE FLOOR. 1954 01:04:47,001 --> 01:04:48,000 MR. THUNE: I INQUIRE HOW MUCH 1955 01:04:48,001 --> 01:04:49,000 TIME WE'VE 1956 01:04:49,001 --> 01:04:52,000 THE PRESIDING OFFICER: 35 1957 01:04:52,001 --> 01:04:55,000 ANDA HALF MINUTES. 1958 01:04:55,001 --> 01:04:57,000 MR. THUNE: I WOULD LIKE TO ADD 1959 01:04:57,001 --> 01:05:00,000 COSPONSORS McCONNELL, 1960 01:05:00,001 --> 01:05:01,000 McCAIN, CHAMBLISS, SCOTT BROWN 1961 01:05:01,001 --> 01:05:02,000 AND GREGG. 1962 01:05:02,001 --> 01:05:03,000 THE PRESIDING OFFICER: WITHOUT 1963 01:05:03,001 --> 01:05:05,000 OBJECTION. 1964 01:05:05,001 --> 01:05:07,000 MR. THUNE: AND I 1965 01:05:07,001 --> 01:05:08,000 TEN MINUTES TO THE SENATOR FRO ARIZONA. 1966 01:05:08,001 --> 01:05:09,000 MR. McCAIN: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 1967 01:05:09,001 --> 01:05:10,000 SENATOR FROM ARIZONA. 1968 01:05:10,001 --> 01:05:12,000 MR. McCAIN: 1969 01:05:12,001 --> 01:05:14,000 HERE TO COSPONSOR AND SUPPORT MY 1970 01:05:14,001 --> 01:05:19,000 FRIEND FROM SOUTH DAKOTA, 1971 01:05:19,001 --> 01:05:21,000 AMENDMENT, AND, YOU KNOW, AS THE 1972 01:05:21,001 --> 01:05:23,000 SENATOR FROM NEW HAMPSHIRE JUST 1973 01:05:23,001 --> 01:05:24,000 STATED, ISN'T IT TIME WE STOPPE 1974 01:05:24,001 --> 01:05:26,000 BURDENING OUR CHILDREN AND OUR 1975 01:05:26,001 --> 01:05:29,000 GRANDCHILDREN WITH MASSIVE DEBT? 1976 01:05:29,001 --> 01:05:30,000 OUR OFFICE IS BEING FLOODEDITH 1977 01:05:30,001 --> 01:05:32,000 CALLS CON 1978 01:05:32,001 --> 01:05:34,000 OF UNEMPLOYMENT BENEFITS. 1979 01:05:34,001 --> 01:05:37,000 WE WANT TO EXTEND THE 1980 01:05:37,001 --> 01:05:38,000 UNEMPLOYMENT BENEFITS UNDER THIS 1981 01:05:38,001 --> 01:05:40,000 AMENDMENT UNTIL NOVEMBER, BUT WE 1982 01:05:40,001 --> 01:05:43,000 WANT TO PAY FOR IT. 1983 01:05:43,001 --> 01:05:45,000 WE WANT TO DO SOMETHING 1984 01:05:45,001 --> 01:05:48,000 GROUNDBREAKING AROUND HERE THAT 1985 01:05:48,001 --> 01:05:49,000 HASN'T HAPPENED IN A LONG, LONG 1986 01:05:49,001 --> 01:05:53,000 TIME: WE WANT TO PAY FOR IT. 1987 01:05:53,001 --> 01:05:55,000 WE WAN TO PAY FOR THE EXPIRING 1988 01:05:55,001 --> 01:05:58,000 UNEMPLOYMENT PROVISIONS UNTIL NOVEMBER. 1989 01:05:58,001 --> 01:05:59,000 WE WANT TO PAY -- WE WANT TO 1990 01:05:59,001 --> 01:06:01,000 EXTEND THE EXPIRED TAX 1991 01:06:01,001 --> 01:06:03,000 PROVISIONS, INCLUDING THE TAX 1992 01:06:03,001 --> 01:06:06,000 CREDIT FOR RESEARCH AND 1993 01:06:06,001 --> 01:06:07,000 EXPERIMENTATION AND THE 1994 01:06:07,001 --> 01:06:08,000 AND LOCAL SALES TAX DEDTION 1995 01:06:08,001 --> 01:06:11,000 THROUGH THE 1996 01:06:11,001 --> 01:06:13,000 WE WANT TO DROP 1997 01:06:13,001 --> 01:06:15,000 INCREASES, DROP THE TH 4 BILLION 1998 01:06:15,001 --> 01:06:18,000 EXTENSION -- DROP THE \$4 BILLION 1999 01:06:18,001 --> 01:06:21,000 EXTENSION OF "BUILAMERICA 2000 01:06:21,001 --> 01:06:22,000 BONDS," DROPPED \$24 BILLION IN 2001 01:06:22,001 --> 01:06:25,000 START MEDICAID BAILOUT AND THIS 2002 01:06:25,001 --> 01:06:29,000 WE WANT TO FULLY PAY FOR IT WITH 2003 01:06:29,001 --> 01:06:30,000 SPENDING CUT 2004 01:06:30,001 --> 01:06:32,000 PROVIDE RELIEF FOR THE DOCTORS 2005 01:06:32,001 --> 01:06:33,000 BY ADDING AN ADDITIONAL TWO 2006 01:06:33,001 --> 01:06:35,000 YEARS TO 2007 01:06:35,001 --> 01:06:36,000 REFORMING OUR BROKEN AND ONEROUS 2008 01:06:36,001 --> 01:06:41,000 MEDICAL MALPRACTICE SYSTEM. 2009 01:06:41,001 --> 01:06:43,000 AND LET ME POINT OUT, THE DAY -- 2010 01:06:43,001 --> 01:06:46,000 DAY AFTER DAY DURING THE 2011 01:06:46,001 --> 01:06:48,000 OBAMA-CARE 2012 01:06:48,001 --> 01:06:51,000 THE FLOOR AND SAID, YOU ARE 2013 01:06:51,001 --> 01:06:54,000 USING PHONY ASSUMPTIONS AS TO 2014 01:06:54,001 --> 01:06:58,000 ASSESSMENT OF THE ENTIRE COST OF 2015 01:06:58,001 --> 01:07:01,000 OBAMA-CARE AND PART OF THAT WAS 2016 01:07:01,001 --> 01:07:03,000 THE -- QUOTE -- 2017 01:07:03,001 --> 01:07:05,000 WASN'T GOING TO HAPPEN, WHICH 2018 01:07:05,001 --> 01:07:07,000 WAS GOING TO CUT MEDICAID 2019 01:07:07,001 --> 01:07:09,000 PAYMENT TO PHYSICIANS BY SOME 21%. 2020 01:07:09,001 --> 01:07:10,000 WE SAID EVERY TIME, YOU'RE NOT 2021 01:07:10,001 --> 01:07:11,000 GOING TO DO THIS. 2022 01:07:11,001 --> 01:07:14,000 YOU'RE NOT GOING TO CUT 2023 01:07:14,001 --> 01:07:16,000 PHYSICIAN PAYMENTS BY SOME 21%, 2024 01:07:16,001 --> 01:07:18,000 WHO PROVIDE CARE FOR MEDICAREN ROLLEES. 2025 01:07:18,001 --> 01:07:20,000 D OVER ON THE OTHER SIDE, THEY 2026 01:07:20,001 --> 01:07:22,000 EVEN ADMIT 2027 01:07:22,001 --> 01:07:26,000 SO NOW WE'VE TO DO THE DOC FIX. 2028 01:07:26,001 --> 01:07:31,000 WE'VE TO MAKE SURE THAT DOCTORS 2029 01:07:31,001 --> 01:07:32,000 WHO TREAT MEDICARE PATIENTS ARE 2030 01:07:32,001 --> 01:07:33,000 ADEQUATELY REIMBURSED. 2031 01:07:33,001 --> 01:07:34,000 OTHERWISE THEY WILL STOP 2032 01:07:34,001 --> 01:07:37,000 TREATING MEDARE PATIENTS. 2033 01:07:37,001 --> 01:07:40,000 SO IT'S KIND OF HYPOCRITICAL FOR 2034 01:07:40,001 --> 01:07:42,000 US TO BE BLAMED FOR THE DELAY IN 2035 01:07:42,001 --> 01:07:44,000 THE -- Q 2036 01:07:44,001 --> 01:07:46,000 THAT WAS THE ASSUMPTION -- THAT 2037 01:07:46,001 --> 01:07:49,000 WAS THE ASSUMPTION -- THAT THERE 2038 01:07:49,001 --> 01:07:51,000 WOULD BE A 21% CUT IN THE 2039 01:07:51,001 --> 01:07:53,000 SEING OF OBAMA-CARE TO THE 2040 01:07:53,001 --> 01:07:57,000 AMERICAN PEOPLE. 2041 01:07:57,001 --> 01:08:00,000 IT SAVES THIS -- THISMENDMENT 2042 01:08:00,001 --> 01:08:01,000 SAVES THE TAXPAYERS \$113 BILLION 2043 01:08:01,001 --> 01:08:07,000 IN UNNECESSARY SPENDING. 2044 01:08:07,001 --> 01:08:08,000 RESCINDS 2045 01:08:08,001 --> 01:08:10,000 UNOBLIGATED STIMULUS FUNDS. 2046 01:08:10,001 --> 01:08:13,000 IT CUTS WASTEFUL AND UNNECESSARY SPENDING. 2047 01:08:13,001 --> 01:08:17,000 IT COLLECTS THE UNPAID TAXES OF DERAL EMPLOYEES. 2048 01:08:17,001 --> 01:08:18,000 IT FREEZES THEIR SALARIES AND 2049 01:08:18,001 --> 01:08:21,000 CAPPING THEIR NUMBERS, IMPOSING 2050 01:08:21,001 --> 01:08:22,000 A 5% ACROSS-THE-BOARD CUT IN 2051 01:08:22,001 --> 01:08:25,000 GOVERNMENT SPENDING FOR ALL 2052 01:08:25,001 --> 01:08:27,000 AGENCIES EXCEPT THE V.A. AND THE 2053 01:08:27,001 --> 01:08:29,000 D.O.D. AND CREATING A NEW 2054 01:08:29,001 --> 01:08:31,000 DEFICIT REDUCTION TRUST FUND 2055 01:08:31,001 --> 01:08:32,000 WHERE RESCINDED BALANCES AND 2056 01:08:32,001 --> 01:08:34,000 MONEYS SAVED THROUGH 2057 01:08:34,001 --> 01:08:36,000 AMENDMENT WILL BE DEPOSITED FOR 2058 01:08:36,001 --> 01:08:39,000 THE PURPOSES OF PAYING DOWN THE 2059 01:08:39,001 --> 01:08:41,000 FEDERAL DEBT. 2060 01:08:41,001 --> 01:08:44,000 NOW, A 2061 01:08:44,001 --> 01:08:45,000 IN GOVERNMENT?PENDING FORLL 2062 01:08:45,001 --> 01:08:48,000 AGENCIES EXCEPT VETERANS AND 2063 01:08:48,001 --> 01:08:52,000 DEPARTMENT OF DEFENSE. 2064 01:08:52,001 --> 01:08:54,000 OF GOVERNMENT HAS 2065 01:08:54,001 --> 01:08:57,000 1999, THAT THE COST OF 2066 01:08:57,001 --> 01:09:00,000 GOVERNMENT HAS SPIRALED OUT OF CONTROL? 2067 01:09:00,001 --> 01:09:03,000 A 5% CUT WOULD BE MINUSCULE, AS 2068 01:09:03,001 --> 01:09:05,000 COMPARED TO THE DRAMATIC 2069 01:09:05,001 --> 01:09:07,000 INCREASES THAT WE'VE IMPOSED, 2070 01:09:07,001 --> 01:09:09,000 YES, DURING 2071 01:09:09,001 --> 01:09:11,000 ADMINISTRATION AS WELL AS THIS 2072 01:09:11,001 --> 01:09:18,000 ADMINISTRATION, INCLUDING A \$1 2073 01:09:18,001 --> 01:09:20,000 TRILLION 2074 01:09:20,001 --> 01:09:21,000 MEDICARE PART-D PRESCRIPTION 2075 01:09:21,001 --> 01:09:22,000 DR 2076 01:09:22,001 --> 01:09:24,000 SO, THIS AMENDMENT -- THIS 2077 01:09:24,001 --> 01:09:25,000 AMENDMENT CUTS TAXES. 2078 01:09:25,001 --> 01:09:29,000 IT CUTS SNDING. 2079 01:09:29,001 --> 01:09:31,000 AND IT REDUCES? THE 2080 01:09:31,001 --> 01:09:33,000 THE DEFICIT THAT HA HAS NOW 2081 01:09:33,001 --> 01:09:34,000 SPIRALED -- THAT HAS NOW 2082 01:09:34,001 --> 01:09:35,000 SPIRALED SO FAR OUT OF CONTROL 2083 01:09:35,001 --> 01:09:36,000 THAT THERE IS NO RATIONAL 2084 01:09:36,001 --> 01:09:38,000 ECONOMIST THAT BELIEVES THAT 2085 01:09:38,001 --> 01:09:42,000 THIS IS SUSTAIN 2086 01:09:42,001 --> 01:09:46,000 KIND OF PROFOUND FINANCIAL CRISIS. 2087 01:09:46,001 --> 01:09:48,000 NOW WE'RE UP TO? A 2088 01:09:48,001 --> 01:09:50,000 A \$16 TRILLION DEFICIT BY THE 2089 01:09:50,001 --> 01:09:51,000 END OF THIS DECADE -- NEXT 2090 01:09:51,001 --> 01:09:56,000 DECADE. 2091 01:09:56,001 --> 01:09:59,000 WE'RE AMASSING AS F?O AS FAR AS THE EYE 2092 01:09:59,001 --> 01:10:02,000 CAN SEE \$1.5 TRILLION -- I THINK 2093 01:10:02,001 --> 01:10:04,000 IT IS UP TO 2094 01:10:04,001 --> 01:10:05,000 THAT WE'RE LAYIN ON -- JUST FOR 2095 01:10:05,001 --> 01:10:08,000 THIS YEAR ALONE -- THAT WE'RE 2096 01:10:08,001 --> 01:10:09,000 LAYING ON OUR CHILDREN AND OUR 2097 01:10:09,001 --> 01:10:11,000 GRANDCLDREN. 2098 01:10:11,001 --> 01:10:13,000 AS I'VE SAID SEVERAL TIMES ON 2099 01:10:13,001 --> 01:10:15,000 THIS FLOOR, MADAM PRESIDENT, 2100 01:10:15,001 --> 01:10:18,000 THERE IS A REVOLUTION GOING ON OUT THERE. 2101 01:10:18,001 --> 01:10:23,000 IT IS A PEACEFUL REVOLUTION. 2102 01:10:23,001 --> 01:10:25,000 IT HAS BEEN DERIDED BY THE 2103 01:10:25,001 --> 01:10:27,000 LIBERAL LEFT AND MANY IN THE 2104 01:10:27,001 --> 01:10:28,000 MEDIA, BUT THE FACT IS, THEY'RE 2105 01:10:28,001 --> 01:10:30,000 ANGRY, AND TY HAVE EVERY RIGHT 2106 01:10:30,001 --> 01:10:32,000 TO BE ANGRY. 2107 01:10:32,001 --> 01:10:35,000 THEY HAVE EVERY RIGHT. 2108 01:10:35,001 --> 01:10:36,000 THE GREATNESS OF AMERICA IS THAT 2109 01:10:36,001 --> 01:10:38,000 EVERY GENERATION HAS PASSED ON 2110 01:10:38,001 --> 01:10:40,000 TO THE FOLLOWING GENERATION A 2111 01:10:40,001 --> 01:10:42,000 BETTER NATION THAN THE ONE THAT 2112 01:10:42,001 --> 01:10:45,000 WE INHERITED. 2113 01:10:45,001 --> 01:10:48,000 WITH THIS 2114 01:10:48,001 --> 01:10:51,000 DEBT AND DEFICIT IN THE NAME OF 2115 01:10:51,001 --> 01:10:54,000 "ECONOMIC STIMULUS," IN THE 2116 01:10:54,001 --> 01:10:58,000 NAISM "JOB CREATION" WHICH 2117 01:10:58,001 --> 01:10:59,000 OBVIOUSLY HAVE NOT -- THE 2118 01:10:59,001 --> 01:11:00,000 CONVICTIONS AT THE TIME OFHE 2119 01:11:00,001 --> 01:11:04,000 PASSAGE OF THE STIMULUS PACKAGE 2120 01:11:04,001 --> 01:11:05,000 HAVE TURNED OUT TO BE TOTALLY 2121 01:11:05,001 --> 01:11:08,000 FALSE. SO HERE WE'RE. 2122 01:11:08,001 --> 01:11:09,000 WE'RE IN A SITUATION WHERE WE'VE 2123 01:11:09,001 --> 01:11:12,000 A SITUATION TO 2124 01:11:12,001 --> 01:11:15,000 EXPIRING UNEMPLOYMENT 2125 01:11:15,001 --> 01:11:16,000 PROVISIONS, EXTEND EXPIRED TAX 2126 01:11:16,001 --> 01:11:17,000 PROVISIONS, INCLUDING IMPORTANT 2127 01:11:17,001 --> 01:11:21,000 TAX CREDIT FOR RESEARCH AND 2128 01:11:21,001 --> 01:11:25,000 DEVELOPMENT, AND IT DROPS THESE 2129 01:11:25,001 --> 01:11:27,000 THINGS LIKE THE "BUILD AMERICA BONDS." 2130 01:11:27,001 --> 01:11:29,000 BUILD AMERICA BONDS -- PLEASE. 2131 01:11:29,001 --> 01:11:30,000 RIGHT NOW -- THAT'S JUST AN 2132 01:11:30,001 --> 01:11:33,000 ADDITIONAL \$4 BILLION. ? 2133 01:11:33,001 --> 01:11:34,000 AND WE'RE GOING TO CUT SPENDING, 2134 01:11:34,001 --> 01:11:37,000 AND WE WILL PROVIDE RELIEF FOR 2135 01:11:37,001 --> 01:11:40,000 DOCTORS BY ADDING AN ADDITIONAL 2136 01:11:40,001 --> 01:11:42,000 TWO YEARS OF THE DOC FIX. 2137 01:11:42,001 --> 01:11:43,000 AND OBVIOUSLY THAT FIX NEEDS TO 2138 01:11:43,001 --> 01:11:45,000 BE ENACTED. 2139 01:11:45,001 --> 01:11:48,000 AND I'M IN SUPPORT OF THAT. 2140 01:11:48,001 --> 01:11:49,000 BUT ISN'T IT A LITTLE 2141 01:11:49,001 --> 01:11:53,000 HYPOCRISY TO COME TO THE FLOOR 2142 01:11:53,001 --> 01:11:55,000 AND SAY, WE'VE GOT TO GET THIS 2143 01:11:55,001 --> 01:11:57,000 NE, WE'VE GOT GET THE DOC FIX 2144 01:11:57,001 --> 01:11:58,000 WHEN ALL DURING THE DEBATE ON 2145 01:11:58,001 --> 01:12:01,000 SO-CALLED HEALTH CARE REFORM, 2146 01:12:01,001 --> 01:12:03,000 THE 21% CUT IN PHYSICIAN 2147 01:12:03,001 --> 01:12:05,000 PAYMENTS FOR MEDICARE PATIENT 2148 01:12:05,001 --> 01:12:08,000 WAS PART OF OUR SELLING THE 2149 01:12:08,001 --> 01:12:10,000 AMERICAN PEOPLE THAT THE COST OF 2150 01:12:10,001 --> 01:12:13,000 OBAMA-CARE WOULD TRILLION? 2151 01:12:13,001 --> 01:12:15,000 ISN'T IN A LITTLE HYPOCRISY? 2152 01:12:15,001 --> 01:12:16,000 -- ISN'T THAT A LITTLE 2153 01:12:16,001 --> 01:12:17,000 HYPOCRISY? 2154 01:12:17,001 --> 01:12:18,000 I'D LIKE TO QUOTE FROM "THE NEW 2155 01:12:18,001 --> 01:12:20,000 YORK TIMES" RECENTLY. 2156 01:12:20,001 --> 01:12:21,000 "IF THE ECONOMISTS ARE DIVIDED 2157 01:12:21,001 --> 01:12:22,000 ABOUT WHAT JUST HAPPENED, THE 2158 01:12:22,001 --> 01:12:25,000 REST OF THE WORLD IS NOT DIVIDED 2159 01:12:25,001 --> 01:12:28,000 ABOUT WHAT SHOULD COME NEXT. 2160 01:12:28,001 --> 01:12:31,000 VOTERS, BUSINESS LEADERS, AND 2161 01:12:31,001 --> 01:12:34,000 POLITICAL LEADERS DO NOT SEEM TO 2162 01:12:34,001 --> 01:12:35,000 THINK THAT THE STIMULUS WAS SUCH 2163 01:12:35,001 --> 01:12:37,000 A SMASHING SUCCESS THAT WE 2164 01:12:37,001 --> 01:12:39,000 SHOULD DO IT AGAIN, EVEN WITH 2165 01:12:39,001 --> 01:12:41,000 TODAY'S HIGH UNEMPLOYMENT. 2166 01:12:41,001 --> 01:12:42,000 "FLOSS BETTER EXAMPLE THAN LAST 2167 01:12:42,001 --> 01:12:45,000 -- THERE IS NO BETTER EXAMPLE 2168 01:12:45,001 --> 01:12:51,000 THAN LAST MAY'S UNEMPLOYMENT 2169 01:12:51,001 --> 01:12:53,000 INTO THE NOT-SO-FINE PRINT. 2170 01:12:53,001 --> 01:12:57,000 41,000 JOBS CREATED IN THE 2171 01:12:57,001 --> 01:12:58,000 PRIVATE SECTOR, 440 NEW JOBS 2172 01:12:58,001 --> 01:12:59,000 APPROXIMATELY TO HIRE CENSUS 2173 01:12:59,001 --> 01:13:02,000 TAKERS. 2174 01:13:02,001 --> 01:13:05,000 THAT'S WHAT THE STIMULUS IS ALL ABOUT. 2175 01:13:05,001 --> 01:13:06,000 GIVE ME BRE. 2176 01:13:06,001 --> 01:13:07,000 SO, MADAM PRESIDENT, THIS IS OUR 2177 01:13:07,001 --> 01:13:08,000 CHANCE. 2178 01:13:08,001 --> 01:13:10,000 THIS IS OUR CHANCE TO SHOW THE 2179 01:13:10,001 --> 01:13:12,000 AMERICAN PEOPLE THAT WE'RE GOING 2180 01:13:12,001 --> 01:13:13,000 TO CUT THEIR TAXES THAT WE'RE 2181 01:13:13,001 --> 01:13:15,000 GOING TO TAKCARE OF THE 2182 01:13:15,001 --> 01:13:18,000 UNEMPLOYED, WE'RE GOING TO MAKE 2183 01:13:18,001 --> 01:13:20,000 THE DOC FIX, AND WE'RE GOING TO 2184 01:13:20,001 --> 01:13:23,000 AT THE SAME TIME CUT SPENDING 2185 01:13:23,001 --> 01:13:25,000 AND GET AT LEAST A BEGINNING 2186 01:13:25,001 --> 01:13:26,000 ATTEMPT TO GET THIS BURGEONING 2187 01:13:26,001 --> 01:13:29,000 DEFICIT UNDER CONTROL. 2188 01:13:29,001 --> 01:13:32,000 AND IT REDUCES THE DEFICIT BY 2189 01:13:32,001 --> 01:13:34,000 SOME \$68 BILLION. 2190 01:13:34,001 --> 01:13:35,000 ARE THERE TOUGH THINGS IN THIS MEASURE? 2191 01:13:35,001 --> 01:13:36,000 OF COURSE. 2192 01:13:36,001 --> 01:13:41,000 OF COURSE THERE'S TOUGH THINGS 2193 01:13:41,001 --> 01:13:44,000 IN THIS MAIR MEASURE. 2194 01:13:44,001 --> 01:13:46,000 BUT IT'S ABOUT TIME WE STARTED MAKING SOME TOUGH DECISIONS 2195 01:13:46,001 --> 01:13:48,000 BECAUSE WE DO HAVE AN OBLIGATION 2196 01:13:48,001 --> 01:13:51,000 TO OUR CHILDREN AND 2197 01:13:51,001 --> 01:13:53,000 GRANDCHILDREN WHICH WE'VE UP 2198 01:13:53,001 --> 01:13:54,000 TILL NOW CLEARLY ABROGATED. 2199 01:13:54,001 --> 01:13:55,000 SO I HOPE MY COLLEAGUES WILL 2200 01:13:55,001 --> 01:13:56,000 CONSIDER VOTING FOR THIS 2201 01:13:56,001 --> 01:14:01,000 AMENDMENT. 2202 01:14:01,001 --> 01:14:03,000 AND GET US ON T TOWARDS 2203 01:14:03,001 --> 01:14:05,000 REDUCING 2204 01:14:05,001 --> 01:14:08,000 PLACING ON FUTURE AMERICANS. 2205 01:14:08,001 --> 01:14:09,000 I YIELD THE FLOOR. 2206 01:14:09,001 --> 01:14:10,000 A SENATOR: MADAM PRESIDENT? 2207 01:14:10,001 --> 01:14:12,000 THE PRESIDING OFFICER: THE 2208 01:14:12,001 --> 01:14:14,000 SENATOR FROM OKLAHOMA. 2209 01:14:14,001 --> 01:14:16,000 A SENATOR: CAN I INQUIRE OF 2210 01:14:16,001 --> 01:14:17,000 THE AMOUNT OF TIME THAT'S 2211 01:14:17,001 --> 01:14:18,000 REMAINING. 2212 01:14:18,001 --> 01:14:19,000 THE PRESIDING OFFICER: 26 MINUTES. 2213 01:14:19,001 --> 01:14:21,000 MR. COBURN: I'D LIKE TO BE 2214 01:14:21,001 --> 01:14:23,000 RECOGNIZED AND TAKE OVER FOR 2215 01:14:23,001 --> 01:14:24,000 SENATOR THUNE IF I MAY. 2216 01:14:24,001 --> 01:14:26,000 THE PRESIDING OFFICER: THE 2217 01:14:26,001 --> 01:14:27,000 SENATOR FROM OKLAHOMA, WITHOUT 2218 01:14:27,001 --> 01:14:29,000 OBJECTION. 2219 01:14:29,001 --> 01:14:31,000 MR. COBURN: I WANTED TO COVER 2220 01:14:31,001 --> 01:14:38,000 WHAT SENATOR GREGG TALKED ABOUT, 2221 01:14:38,001 --> 01:14:41,000 BECAUSE WE'RE LOOKING 2222 01:14:41,001 --> 01:14:46,000 PEA UNDER THE PINOCHLE SHELL. 2223 01:14:46,001 --> 01:14:50,000 WE PASSED ON FEBRUARY 4, PAYGO. 2224 01:14:50,001 --> 01:14:51,000 ON FEBRUARY 4 WE BORROWED OUT OF 2225 01:14:51,001 --> 01:14:52,000 PAYGO. 2226 01:14:52,001 --> 01:14:55,000 SAID IT DIDN'T APPHRAOEUFPLT ON 2227 01:14:55,001 --> 01:14:56,000 MARCH WE BORROWED \$99 BILLION, 2228 01:14:56,001 --> 01:15:01,000 SAID IT DIDN'T APPLY. 2229 01:15:01,001 --> 01:15:02,000 IN APRIL, \$18 BILLION. MAY -- 2230 01:15:02,001 --> 01:15:05,000 MR. McCAIN: WOULD THE SENATOR 2231 01:15:05,001 --> 01:15:08,000 YIELD FOR A QUESTION? 2232 01:15:08,001 --> 01:15:09,000 MR. COBURN: I'D BE HAPPY TO YIELD. 2233 01:15:09,001 --> 01:15:13,000 MR. McCAIN: HOW AFTER PASSING 2234 01:15:13,001 --> 01:15:15,000 LEGISLATION THAT WAS TRUMPETED 2235 01:15:15,001 --> 01:15:16,000 EVERYONE, HOW DID THAT HAPPEN? 2236 01:15:16,001 --> 01:15:18,000 COBURN IT HAPPENED BECAUSE WE 2237 01:15:18,001 --> 01:15:19,000 WAIVED THE PAYGO RULES AND WE 2238 01:15:19,001 --> 01:15:24,000 WERE OUTVOTED. 2239 01:15:24,001 --> 01:15:26,000 SO THE PAYGO RULES ARE A 2240 01:15:26,001 --> 01:15:29,000 ON MAY 27, \$59 BILLION. 2241 01:15:29,001 --> 01:15:31,000 AND WITH THIS NEW BILL, ANOTHER \$50 BILLION. 2242 01:15:31,001 --> 01:15:36,000 ADD IT UP. 2243 01:15:36,001 --> 01:15:37,000 46 AND 18 IS 64. 2244 01:15:37,001 --> 01:15:40,000 74. 2245 01:15:40,001 --> 01:15:41,000 173. 2246 01:15:41,001 --> 01:15:42,000 193. 2247 01:15:42,001 --> 01:15:45,000 262. 2248 01:15:45,001 --> 01:15:47,000 AND NOW 50. 2249 01:15:47,001 --> 01:15:49,000 IS \$312 BILLION ADDED TO THE 2250 01:15:49,001 --> 01:15:51,000 DEFICIT THIS YEAR ABOVE THE \$1.5 2251 01:15:51,001 --> 01:15:52,000 TRILLION THAT WE'RE ALREADY 2252 01:15:52,001 --> 01:15:57,000 GOING TO RUN. 2253 01:15:57,001 --> 01:15:59,000 WE GET CRITICIZED ALL 2254 01:15:59,001 --> 01:16:02,000 TIME -- AND I SPECIFICALLY DO -- 2255 01:16:02,001 --> 01:16:04,000 AS THE PARTY OF "NO." 2256 01:16:04,001 --> 01:16:06,000 WELL, HERE'S WHAT WE'VE OFFERED. 2257 01:16:06,001 --> 01:16:10,000 REDUCE THE NATIONAL DEBT. 2258 01:16:10,001 --> 01:16:13,000 THIS BODY SAID NO. 2259 01:16:13,001 --> 01:16:14,000 SELL UNUSED PROPERTY; THIS BODY 2260 01:16:14,001 --> 01:16:16,000 SAID NO. 2261 01:16:16,001 --> 01:16:17,000 REDUCE THE PRINTING COSTS -- \$4 2262 01:16:17,001 --> 01:16:19,000 BILLION WE CAN SAVE PRINTING 2263 01:16:19,001 --> 01:16:21,000 THIS 2264 01:16:21,001 --> 01:16:23,000 IT'S ALL ONLINE. 2265 01:16:23,001 --> 01:16:25,000 THIS BODY SAID NO. 2266 01:16:25,001 --> 01:16:27,000 FREEZE TOTAL FEDERAL PAY FOR 2267 01:16:27,001 --> 01:16:28,000 RIGHT NOW UNTIL WE GET OUT OF 2268 01:16:28,001 --> 01:16:29,000 THE MESS WE'RE IN. 2269 01:16:29,001 --> 01:16:31,000 THIS BODY SAID NO. 2270 01:16:31,001 --> 01:16:32,000 LIVING 2271 01:16:32,001 --> 01:16:33,000 AMENDMENT THAT SAID WE HAVE TO 2272 01:16:33,001 --> 01:16:36,000 LIVE WITHIN THE REVENUES THAT 2273 01:16:36,001 --> 01:16:39,000 COME IN; THIS BODY SAID NO. 2274 01:16:39,001 --> 01:16:40,000 COMPLYING WITH PAYGO; THIS BODY 2275 01:16:40,001 --> 01:16:43,000 SAID NO. 2276 01:16:43,001 --> 01:16:46,000 CUT AGENCY OVERHEAD COSTS; THIS 2277 01:16:46,001 --> 01:16:48,000 BODY VOTED NO. 2278 01:16:48,001 --> 01:16:52,000 CUT CONGRESS'S OWN BUDGET; THIS BODY SAID NO. 2279 01:16:52,001 --> 01:16:53,000 THESE ARE ALL RECORDED VOTES. 2280 01:16:53,001 --> 01:16:55,000 ELIMINATE CORPORATE WELFARE; 2281 01:16:55,001 --> 01:16:58,000 THIS BODY SAID NO. 2282 01:16:58,001 --> 01:17:02,000 STOP THE BRIDGE TO NOWHERE -- 2283 01:17:02,001 --> 01:17:05,000 THAT HAPPENED FOUR OR FIVE YEARS 2284 01:17:05,001 --> 01:17:07,000 AGO -- THIS BODY SAID NO. 2285 01:17:07,001 --> 01:17:10,000 MAKE FEDERAL EMPLOYEES PAY 2286 01:17:10,001 --> 01:17:11,000 TAXES; WE SAID NO. 2287 01:17:11,001 --> 01:17:12,000 CONSOLIDATE DUPLICATIVE 2288 01:17:12,001 --> 01:17:15,000 GOVERNMENT PROGRAMS, PROGRAMS 2289 01:17:15,001 --> 01:17:17,000 THAT DOXACTLY THE SAME THING. 2290 01:17:17,001 --> 01:17:20,000 EXAMPLES, 70 PROGRAMS TO FEED 2291 01:17:20,001 --> 01:17:22,000 THE HUNGRY, 105 PROGRAMS FOR 2292 01:17:22,001 --> 01:17:24,000 MATH, EDUCATION, SCIENCE AND 2293 01:17:24,001 --> 01:17:26,000 TECHNOLOGY INCENTIVES, SIX 2294 01:17:26,001 --> 01:17:27,000 DIFFERENT AGENCIES; THIS BODY 2295 01:17:27,001 --> 01:17:30,000 SAID NO. 2296 01:17:30,001 --> 01:17:31,000 ELIMINATE BONUSES FOR FAILED 2297 01:17:31,001 --> 01:17:33,000 CONTRACTORS, THE PRIVATE SECTOR 2298 01:17:33,001 --> 01:17:34,000 WHO DOESN'T PERFORM. 2299 01:17:34,001 --> 01:17:37,000 IT'S \$8 BILLION A YEAR. 2300 01:17:37,001 --> 01:17:39,000 THIS BODY SAID NO. 2301 01:17:39,001 --> 01:17:42,000 DECREASE NONESSENTIAL GOVERNMENT 2302 01:17:42,001 --> 01:17:46,000 TRAVEL, SAVES \$5 BILLION A YEAR. 2303 01:17:46,001 --> 01:17:48,000 THIS BODY SAYS NO. 2304 01:17:48,001 --> 01:17:49,000 REQUIRE THE DEPARTMENT OF ENERGY 2305 01:17:49,001 --> 01:17:50,000 TO SAVE ENERGY. 2306 01:17:50,001 --> 01:17:52,000 THEY ARE THE THE WORST OFFENDER 2307 01:17:52,001 --> 01:17:56,000 IN THE WHOLE FEDERAL GOVERNMENT 2308 01:17:56,001 --> 01:17:57,000 IN TERMS OF WASTING ENERGY -- 2309 01:17:57,001 --> 01:17:58,000 THE DEPARTMENT OF ENERGY -- AND 2310 01:17:58,001 --> 01:18:02,000 THIS BODY SAID NO. 2311 01:18:02,001 --> 01:18:05,000 ISN'T IT INTERESTING THAT ARE 2312 01:18:05,001 --> 01:18:07,000 WITH US WITH 41 VOTES, WE OFFER 2313 01:18:07,001 --> 01:18:08,000 THESE, AND EVERY TIME IT'S 2314 01:18:08,001 --> 01:18:10,000 REJECTED. 2315 01:18:10,001 --> 01:18:12,000 COMMONSENSE THINGS THAT 2316 01:18:12,001 --> 01:18:13,000 EVERYBODY ELSE IN ARICA 2317 01:18:13,001 --> 01:18:14,000 EXPECTS US TO BE DOING, THIS 2318 01:18:14,001 --> 01:18:16,000 BODY SAYS NO. 2319 01:18:16,001 --> 01:18:17,000 SO WHY SHOULD WE DO THE THUNE 2320 01:18:17,001 --> 01:18:19,000 AMENDMENT? 2321 01:18:19,001 --> 01:18:21,000 I HEARD THE CHAIRMAN OF THE 2322 01:18:21,001 --> 01:18:25,000 FINANCE COMMITTEE SAY A MINUTE 2323 01:18:25,001 --> 01:18:28,000 AGO THAT HAVING A 5% CUT ACROSS 2324 01:18:28,001 --> 01:18:30,000 THE BOARD IN ALL THE AGENCIES 2325 01:18:30,001 --> 01:18:31,000 EXCEPT THE V.A. AND DEFENSE DEPARTMENT WOULD WRECK THE 2326 01:18:31,001 --> 01:18:32,000 FEDERAL GOVERNMENT. 2327 01:18:32,001 --> 01:18:33,000 HE OBVIOUSLY ISN'T AWARE THAT 2328 01:18:33,001 --> 01:18:37,000 PRESIDENT OBAMA HAS ASKED HIS 2329 01:18:37,001 --> 01:18:39,000 OWN AGENCIES TO DO EXACTLY THAT. 2330 01:18:39,001 --> 01:18:40,000 SO ALL SENATOR THUNE'S DOING IN 2331 01:18:40,001 --> 01:18:42,000 THIS AMENDMENT IS WHAT THE 2332 01:18:42,001 --> 01:18:43,000 PRESIDENT IS ASKING THE AGENCIES 2333 01:18:43,001 --> 01:18:44,000 TO DO. 2334 01:18:44,001 --> 01:18:47,000 AND YOU KNOW WHAT? 2335 01:18:47,001 --> 01:18:50,000 THIS BODY'S GOING TO SAY NO. 2336 01:18:50,001 --> 01:18:52,000 WE BRING FORWARD A BILL THAT 2337 01:18:52,001 --> 01:18:55,000 ONLY SPENDS \$50 BILLION OF OUR 2338 01:18:55,001 --> 01:18:57,000 CHILDREN'S MONEY INSTEAD OF \$78 2339 01:18:57,001 --> 01:19:00,000 BILLION OR \$88 BILLION THAT WAS 2340 01:19:00,001 --> 01:19:03,000 DEFEATED YESTERDAY, LIKE THAT'S 2341 01:19:03,001 --> 01:19:04,000 SOME BIG DEAL, AND THIS BODY'S 2342 01:19:04,001 --> 01:19:06,000 GOING TO PASS IT. 2343 01:19:06,001 --> 01:19:08,000 THEY'RE NOT GOING TO SAY NO TO 2344 01:19:08,001 --> 01:19:11,000 GROWING THE GOVERNMENT, TO 2345 01:19:11,001 --> 01:19:14,000 SPENDING MONEY THAT WE DON'T 2346 01:19:14,001 --> 01:19:17,000 HAVE, TO GIVING ADVANTAGE TO 2347 01:19:17,001 --> 01:19:20,000 WELL-HEELED AND WELL-CONNECTED. 2348 01:19:20,001 --> 01:19:23,000 THEY'RE NOT GOING TO DO THAT. 2349 01:19:23,001 --> 01:19:25,000 WE HAVE LOST CONTROL OF WHAT IS 2350 01:19:25,001 --> 01:19:27,000 IMPORTANT IN AMERICA. 2351 01:19:27,001 --> 01:19:29,000 YOU KNOW, IF WE WERE PO PASS THE 2352 01:19:29,001 --> 01:19:31,000 THUNE AMENDMENT TODAY -- IF WE 2353 01:19:31,001 --> 01:19:32,000 WERE TO PASS THE THUNE AMENDMENT 2354 01:19:32,001 --> 01:19:34,000 TODAY, YOU KNOW WHAT WOULD 2355 01:19:34,001 --> 01:19:35,000 HAPPEN? 2356 01:19:35,001 --> 01:19:37,000 THE INTERNATIONAL FINANCIAL 2357 01:19:37,001 --> 01:19:42,000 COMMUNITY WOULD GET THE FIRST SIGNAL FROM THE AMERICAN 2358 01:19:42,001 --> 01:19:43,000 CONGRESS THAT WE'RE ABOUT MAKING 2359 01:19:43,001 --> 01:19:45,000 STEPS TOWARDS AUSTERITY. 2360 01:19:45,001 --> 01:19:47,000 THE FIRST SIGNAL -- WE DON'T 2361 01:19:47,001 --> 01:19:49,000 HAVE ANY OUT THERE NOW -- 2362 01:19:49,001 --> 01:19:51,000 YESTERDAY IT WAS REPORTED THE 2363 01:19:51,001 --> 01:19:53,000 M-3 MONEY SUPPLY, AND THIS 2364 01:19:53,001 --> 01:19:55,000 MONEY'S AT THE LOWEST LEVEL OF 2365 01:19:55,001 --> 01:19:56,000 G.D.P. SINCE 1932. 2366 01:19:56,001 --> 01:19:58,000 YOU KNOW WHATHAT PREDICTS? 2367 01:19:58,001 --> 01:19:59,000 THAT PREDICTS THE ECONOMY IS 2368 01:19:59,001 --> 01:20:04,000 GOING TO SLOW RATHER THAN INCREASE. 2369 01:20:04,001 --> 01:20:06,000 THAT PREDICTS A DOUBLE-DIP 2370 01:20:06,001 --> 01:20:07,000 RECESSION. 2371 01:20:07,001 --> 01:20:09,000 WE'VE TRIED EVERYTHING JAPAN 2372 01:20:09,001 --> 01:20:11,000 TRIED FOR TEN YEARS, AND IT 2373 01:20:11,001 --> 01:20:14,000 DIDN'T WORK. 2374 01:20:14,001 --> 01:20:15,000 IT'S A LOST DECADE IN JAPAN. 2375 01:20:15,001 --> 01:20:17,000 IT STIMULUS MONEY AND NOT 2376 01:20:17,001 --> 01:20:18,000 FAILING TO CUT THE SPENDING OF 2377 01:20:18,001 --> 01:20:19,000 THE GOVERNMENT. 2378 01:20:19,001 --> 01:20:20,000 AND WE'RE GOING TO 2379 01:20:20,001 --> 01:20:21,000 AGAIN. 2380 01:20:21,001 --> 01:20:24,000 WE'RE GOING TO CONTINUE TO 2381 01:20:24,001 --> 01:20:26,000 INCREASE THE GOVERNMENT. 2382 01:20:26,001 --> 01:20:29,000 PEOPLE SAY, WHY WOULD YOU WANT 2383 01:20:29,001 --> 01:20:31,000 TO FREEZE TOTAL FEDERAL WAGES? 2384 01:20:31,001 --> 01:20:33,000 WELL, IT'S EASY. 2385 01:20:33,001 --> 01:20:37,000 THE AVERAGE FEDERAL EMPLOYEE IN 2386 01:20:37,001 --> 01:20:40,000 THE UNITED STATES TODAY MAKES 2387 01:20:40,001 --> 01:20:42,000 \$78,000 A YEAR, AND THEY HAVE 2388 01:20:42,001 --> 01:20:44,000 BENEFITS OF \$40,000 A YEAR. 2389 01:20:44,001 --> 01:20:47,000 THE AVERAGE PRIVATE-SECTOR 2390 01:20:47,001 --> 01:20:51,000 EMPLOYEE MAKES \$42,000 A YEA 2391 01:20:51,001 --> 01:20:52,000 AND HAS \$20,000 WORTH OF 2392 01:20:52,001 --> 01:20:54,000 BEFITS. 2393 01:20:54,001 --> 01:20:57,000 SHOULDN'T WE, WHEN WE'RE RUNNING 2394 01:20:57,001 --> 01:21:01,000 A \$1.6 TRILLION -- IT'S NOT 1.4 2395 01:21:01,001 --> 01:21:03,000 BECAUSE WE'VE ALREADY ADDED \$200 2396 01:21:03,001 --> 01:21:04,000 BILLION AND ARE GOING TO ADD 2397 01:21:04,001 --> 01:21:06,000 ANOTHER \$50 BILLION WITH THIS. 2398 01:21:06,001 --> 01:21:07,000 WHEN WE'RE RUNNING THAT KIND OF 2399 01:21:07,001 --> 01:21:10,000 DEFICIT SHOULDN'T WE SAY TIME 2400 01:21:10,001 --> 01:21:11,000 OUT, NO INCREASES EXCEPT FOR 2401 01:21:11,001 --> 01:21:12,000 STELLAR PEFORMANCE IN THE 2402 01:21:12,001 --> 01:21:13,000 FEDERAL GOVERNMENT UNTIL WE GET 2403 01:21:13,001 --> 01:21:15,000 OUR HOUSE IN ORDER? 2404 01:21:15,001 --> 01:21:16,000 AND THIS BODY'S GOING TO SAY NO 2405 01:21:16,001 --> 01:21:17,000 AGAIN. 2406 01:21:17,001 --> 01:21:18,000 THEY'RE GOING TO SAY NO. 2407 01:21:18,001 --> 01:21:20,000 THE QUESTION IS: WHAT CAN WE DO 2408 01:21:20,001 --> 01:21:21,000 TO FIX OUR ECONOMY? 2409 01:21:21,001 --> 01:21:24,000 BORROWING MONEY THAT WE DON'T 2410 01:21:24,001 --> 01:21:25,000 HAVE TO SPEND ON THINGS THAT WE 2411 01:21:25,001 --> 01:21:27,000 DON'T ABSOLUTELY NEED IS NOT THE 2412 01:21:27,001 --> 01:21:28,000 ANSWER TO SOLVE THE PROBLEMS 2413 01:21:28,001 --> 01:21:30,000 WITH OUR ECONOMY. 2414 01:21:30,001 --> 01:21:33,000 THE ANSWER IS FOR 2415 01:21:33,001 --> 01:21:34,000 WITHIN OUR MEANS, CREATE A 2416 01:21:34,001 --> 01:21:39,000 STABLE ENVIRONMENT WHERE 2417 01:21:39,001 --> 01:21:44,000 PLAN ON WHAT IS COMING NEXT FROM CONGRESS. 2418 01:21:44,001 --> 01:21:45,000 WE'VE GOT THEM SO 2419 01:21:45,001 --> 01:21:46,000 WON'T SPEND. 2420 01:21:46,001 --> 01:21:48,000 THAT'S THE REASON WE'RE GOING TO 2421 01:21:48,001 --> 01:21:49,000 HAVE A DOUBLE-DIP RECESSION. 2422 01:21:49,001 --> 01:21:54,000 THAT'S THE REASON THAT THE MONEY 2423 01:21:54,001 --> 01:21:55,000 SUPPLY HAS SHRUNK IN SPITE OF 2424 01:21:55,001 --> 01:21:56,000 ZERO PERCENT INTEREST RATES AT 2425 01:21:56,001 --> 01:21:58,000 THE FEDERAL RESERVE. 2426 01:21:58,001 --> 01:22:00,000 BECAUSE PEOPLE WILL NOT TAKE A 2427 01:22:00,001 --> 01:22:02,000 RISK BECAUSE WE'RE NOT LEADING 2428 01:22:02,001 --> 01:22:04,000 WITH SOMETHING THAT GIVES THEM 2429 01:22:04,001 --> 01:22:09,000 CONFIDENCE ABOUT THE FUTURE. 2430 01:22:09,001 --> 01:22:16,000 WE HAVE TO CHANGE 2431 01:22:16,001 --> 01:22:18,000 I'LL END WITH 2432 01:22:18,001 --> 01:22:20,000 JUST THE PARTY OF "NO." 2433 01:22:20,001 --> 01:22:23,000 IT'S THE PARTY OF "YES." 2434 01:22:23,001 --> 01:22:25,000 INCREASE THE NATIONAL DEBT: YES. 2435 01:22:25,001 --> 01:22:28,000 VIOLATE PAYGO: YES. 2436 01:22:28,001 --> 01:22:30,000 MORE CORPORATE 2437 01:22:30,001 --> 01:22:33,000 INCREASE THE DEBT LIMIT: YES. 2438 01:22:33,001 --> 01:22:35,000 FUND THE BRIDGE TO NOWHERE AND 2439 01:22:35,001 --> 01:22:36,000 EVERY OTHER EARMARK LIKE IT: YES. 2440 01:22:36,001 --> 01:22:39,000 INCREASE OUR OWN BUDGET AT A 2441 01:22:39,001 --> 01:22:40,000 TIME W 2442 01:22:40,001 --> 01:22:41,000 AUSTERE: YES. 2443 01:22:41,001 --> 01:22:44,000 TAX BREAKS 2444 01:22:44,001 --> 01:22:47,000 INTERESTS: YES. 2445 01:22:47,001 --> 01:22:49,000 BORROW BILLIONS -- NO, NOT BILLIONS. 2446 01:22:49,001 --> 01:22:51,000 TRILLIONS FROM OUR 2447 01:22:51,001 --> 01:22:53,000 GRANDCHILDREN: YES. 2448 01:22:53,001 --> 01:22:54,000 CREATE DUPLICATIVE GOVERNMENT 2449 01:22:54,001 --> 01:22:58,000 PROGRAMS: YES. 2450 01:22:58,001 --> 01:23:01,000 AND THEN FINALLY, FINALLY, 2451 01:23:01,001 --> 01:23:04,000 CREATE A LOWER STANDARD OF 2452 01:23:04,001 --> 01:23:06,000 LIVING FOR US, OUR CHILDREN, AND 2453 01:23:06,001 --> 01:23:08,000 OUR GRANDCHILDREN. 2454 01:23:08,001 --> 01:23:10,000 THAT'S NOT WHAT WE'RE ABOUT, 2455 01:23:10,001 --> 01:23:11,000 EXCEPT THAT'S WHAT THE BAUCUS 2456 01:23:11,001 --> 01:23:15,000 BILL DOES. 2457 01:23:15,001 --> 01:23:16,000 IT THINKS IN THE SHORT TERM AND 2458 01:23:16,001 --> 01:23:18,000 IGNORES THE LONG TERM. 2459 01:23:18,001 --> 01:23:20,000 IT IGNORES THE REALITY THAT THIS 2460 01:23:20,001 --> 01:23:24,000 GOVERNMENT HAS GOT TO GET 2461 01:23:24,001 --> 01:23:25,000 SMALLER FOR US TO NOT BECOME 2462 01:23:25,001 --> 01:23:27,000 GREECE. 2463 01:23:27,001 --> 01:23:30,000 AND IT PLAYS THE GAMES THAT ARE 2464 01:23:30,001 --> 01:23:33,000 TYPICAL 2465 01:23:33,001 --> 01:23:36,000 AMERICAN PEOPLE ARE REJECTING. 2466 01:23:36,001 --> 01:23:37,000 ONE FINAL WORD ABOUT DOCTORS, 2467 01:23:37,001 --> 01:23:41,000 HAVING BEEN ONE AND PRACTICED 2468 01:23:41,001 --> 01:23:44,000 FOR OVER 25 YEARS, WHAT IS 2469 01:23:44,001 --> 01:23:45,000 HAPPENING OUT THERE RIGHT NOW? 2470 01:23:45,001 --> 01:23:47,000 WHAT'S HAPPENING OUT THERE RIGHT 2471 01:23:47,001 --> 01:23:48,000 NOW IS THE SAME KIND OF 2472 01:23:48,001 --> 01:23:54,000 CONFUSION THAT'S HAPPENING IN 2473 01:23:54,001 --> 01:23:55,000 THE BUSINESS COMMUNITY. 2474 01:23:55,001 --> 01:23:57,000 DOCTORS ARE SAYING I CAN NO 2475 01:23:57,001 --> 01:23:58,000 LONGER TAKE A MEDICARE PATIENT. 2476 01:23:58,001 --> 01:24:00,000 YOU'RE GOING TO GIVE ME AN 2477 01:24:00,001 --> 01:24:02,000 EXTENSION FOR SIX MONS, BUT 2478 01:24:02,001 --> 01:24:04,000 THERE'S NO GUARANTEE IN FIVE OR 2479 01:24:04,001 --> 01:24:06,000 SIX MONTHS THAT I'M GOING TO 2480 01:24:06,001 --> 01:24:08,000 HAVE THE REVENUE I NEED TO KEEP 2481 01:24:08,001 --> 01:24:09,000 AN OFFICE OPEN TO CARE FOR MEDICARE PATIENTS. 2482 01:24:09,001 --> 01:24:11,000 SO WHAT IS HAPPENING? 2483 01:24:11,001 --> 01:24:12,000 MEDICARE PATIENTS ALL ACROSS 2484 01:24:12,001 --> 01:24:15,000 THIS COURY ARE GOING AND 2485 01:24:15,001 --> 01:24:20,000 FINDING OUT THAT THEIR DOCTOR NO 2486 01:24:20,001 --> 01:24:23,000 LONGER TAKES MEDICARE. 2487 01:24:23,001 --> 01:24:25,000 WE SAW EARLY THIS WEEK WHEN 2488 01:24:25,001 --> 01:24:28,000 H.H.S. RELEASED THE FIRST OF THE 2489 01:24:28,001 --> 01:24:30,000 THOUSANDS OF REGULATIONS THAT 2490 01:24:30,001 --> 01:24:31,000 BETWEEN 87 MILLION AND 100 2491 01:24:31,001 --> 01:24:32,000 MILLION AMERICANS AREN'T GOING 2492 01:24:32,001 --> 01:24:33,000 TO GET TO KEEP THE INSURANCE 2493 01:24:33,001 --> 01:24:36,000 THAT THEY HAVE. 2494 01:24:36,001 --> 01:24:40,000 THEY'RE NOT GOING TO UNDER THE 2495 01:24:40,001 --> 01:24:42,000 GRANDFATHER 2496 01:24:42,001 --> 01:24:44,000 SO WHAT WE ARE DOING IS WE ARE 2497 01:24:44,001 --> 01:24:46,000 SENDING EVERY MIXED SIGNAL 2498 01:24:46,001 --> 01:24:48,000 POSSIBLE TO NOT CREATE STABLE 2499 01:24:48,001 --> 01:24:50,000 PLANNING, POSITIVE INPUT AND 2500 01:24:50,001 --> 01:24:53,000 POSITIVE ATTITUDES ABOUT WHAT 2501 01:24:53,001 --> 01:24:56,000 CAN HAPPEN POSITIVELY IN THIS COUNTRY. 2502 01:24:56,001 --> 01:24:57,000 WE HAVE TO SEND A SIGNAL TO THE 2503 01:24:57,001 --> 01:25:00,000 DOCTORS. 2504 01:25:00,001 --> 01:25:02,000 THE THUNE AMENDMENT PAYS FOR A 2505 01:25:02,001 --> 01:25:05,000 DOCTOR FIX UNTIL 2012. 2506 01:25:05,001 --> 01:25:07,000 IT GIVES THEM A CHANCE TO SAY, 2507 01:25:07,001 --> 01:25:08,000 YEAH, I'LL STAY IN MEDICARE. 2508 01:25:08,001 --> 01:25:09,000 I CAN AFFORD TO STAY IN 2509 01:25:09,001 --> 01:25:11,000 MEDICARE. 2510 01:25:11,001 --> 01:25:15,000 IF WE DON'T DO THAT, WE'RE GOING 2511 01:25:15,001 --> 01:25:17,000 TO HAVE HUNDREDS OF THOUSANDS OF 2512 01:25:17,001 --> 01:25:20,000 MEDICARE PATIENTS WHO NO LONGER 2513 01:25:20,001 --> 01:25:22,000 HAVE THE DOCTOR THAT THEY'VE HAD FOR YEARS 2514 01:25:22,001 --> 01:25:24,000 NOT BECAUSE THE DOCTOR WANTS TO 2515 01:25:24,001 --> 01:25:26,000 TURN AWAY THE PATIENT, BUT 2516 01:25:26,001 --> 01:25:28,000 BECAUSE THE DOCTOR HAS TO TURN 2517 01:25:28,001 --> 01:25:30,000 AWAY THE PATIENT, BECAUSE THEY 2518 01:25:30,001 --> 01:25:31,000 NO LONGER CAN AFFORD TO CARE FOR 2519 01:25:31,001 --> 01:25:33,000 MEDICARE PATIENTS. 2520 01:25:33,001 --> 01:25:35,000 SO WE PLAY THIS GAME. 2521 01:25:35,001 --> 01:25:37,000 WE BRING TO THE FLOOR A BILL 2522 01:25:37,001 --> 01:25:38,000 WITH \$50 BILLION WE'RE GOING TO 2523 01:25:38,001 --> 01:25:40,000 CHARGE TO OUR GRANDCHILDREN,ND 2524 01:25:40,001 --> 01:25:42,000 WE BOUGHT THE VOTESFF SO WE 2525 01:25:42,001 --> 01:25:44,000 CAN NOW PASS IT. 2526 01:25:44,001 --> 01:25:45,000 AND WE'RE STILL DOING THE SAME 2527 01:25:45,001 --> 01:25:46,000 THING. 2528 01:25:46,001 --> 01:25:48,000 WE'RE STILL EXPANDING THE 2529 01:25:48,001 --> 01:25:50,000 FEDERAL GOVERNMENT. 2530 01:25:50,001 --> 01:25:51,000 WE'RE BORROWING AGAINST OUR FUTURE. 2531 01:25:51,001 --> 01:25:54,000 WE'RE LOWERING THE STANDARD OF 2532 01:25:54,001 --> 01:25:56,000 LIVING OF OUR CHILDREN. 2533 01:25:56,001 --> 01:25:57,000 AND WE'RE CREATING A MOCKERY OF 2534 01:25:57,001 --> 01:26:00,000 THE AMERICAN DRE 2535 01:26:00,001 --> 01:26:04,000 WITH THAT, I'D RESERVE THE 2536 01:26:04,001 --> 01:26:05,000 BALANCE OF OUR TIME. 2537 01:26:05,001 --> 01:26:09,000 THE PRESIDING OFFICER: WHO 2538 01:26:09,001 --> 01:26:11,000 YIELDS TIME? 2539 01:26:11,001 --> 01:26:14,000 THE CLERK WILL CALL THE ROLL. 2540 01:26:14,001 --> 01:26:15,000 PWAU MADAM PRESIDENT, WILL THE -- 2541 01:26:15,001 --> 01:26:18,000 MR. BAUCUS: MADAM PRESIDENT, 2542 01:26:18,001 --> 01:26:19,000 WILL THE 2543 01:26:19,001 --> 01:26:22,000 I YIELD 15 MINUTES TO THE 2544 01:26:22,001 --> 01:26:27,000 SENATOR FROM DELAWARE. 2545 01:26:27,001 --> 01:26:28,000 THE PRESIDING OFFICER: WITHOUT 2546 01:26:28,001 --> 01:26:29,000 OBJECTION. 2547 01:26:29,001 --> 01:26:31,000 THE SENATOR FROM DELAWARE. 2548 01:26:31,001 --> 01:26:33,000 MR. KAUFMAN: MADAM PRESIDENT, 2549 01:26:33,001 --> 01:26:36,000 I MAY NEED A COUPLE MINUTES, 2550 01:26:36,001 --> 01:26:38,000 LIKE THREE OR FOUR MINUTES -- 2551 01:26:38,001 --> 01:26:39,000 CA 2552 01:26:39,001 --> 01:26:42,000 MR. 2553 01:26:42,001 --> 01:26:44,000 SENATOR FROM DELAWARE AS MUCH 2554 01:26:44,001 --> 01:26:45,000 TIME AS HE WISHES TO CONSUME. THE PRESIDING OFFICER: THE 2555 01:26:45,001 --> 01:26:46,000 SENATOR FROM DELAWARE. 2556 01:26:46,001 --> 01:26:48,000 MR. KAUFMAN: THANK YOU, MADAM PRESIDENT. 2557 01:26:48,001 --> 01:26:49,000 WHEN I WAS APPOINTED TO THE 2558 01:26:49,001 --> 01:26:50,000 SENATE, I MADE A PROMISE TO 2559 01:26:50,001 --> 01:26:51,000 MYSELF NOT TO LET THIS 2560 01:26:51,001 --> 01:26:53,000 OPPORTUNITY PASS WITHOUT HELPING 2561 01:26:53,001 --> 01:26:54,000 TO RECOGNIZE THE CONTRIBUTION 2562 01:26:54,001 --> 01:26:56,000 MADE TO THIS NATION BY ITS 2563 01:26:56,001 --> 01:27:00,000 GOVERNMENT WORKERS. 2564 01:27:00,001 --> 01:27:01,000 THIS IS WHY I BEGAN MY WEEKLY 2565 01:27:01,001 --> 01:27:03,000 SERIES LAST MAY. 2566 01:27:03,001 --> 01:27:06,000 IN ALL MY YEARS WORKING AS A 2567 01:27:06,001 --> 01:27:09,000 FEDERAL KPWHRAOERBGS I -- 2568 01:27:09,001 --> 01:27:11,000 EMPLOYEE, I MET SO MANY 2569 01:27:11,001 --> 01:27:13,000 WONDERFUL PEOPLE WHO DEDICATED 2570 01:27:13,001 --> 01:27:14,000 THEIR CAREERS TO SERVING THE 2571 01:27:14,001 --> 01:27:15,000 AMERICAN PEOPLE. 2572 01:27:15,001 --> 01:27:16,000 THERE ARE SO MANY WHO WILL NOT 2573 01:27:16,001 --> 01:27:19,000 MAKE IT TO THE POSTER I BRAY TO 2574 01:27:19,001 --> 01:27:20,000 THE FLOOR EACH -- I BRING TO THE 2575 01:27:20,001 --> 01:27:22,000 FLOOR EACH WEEK COMMEMORATING 2576 01:27:22,001 --> 01:27:23,000 THE EMPLOYEES I RECOGNIZE SIMPLY 2577 01:27:23,001 --> 01:27:25,000 BECAUSE THERE ARE SO MANY OF THEM. 2578 01:27:25,001 --> 01:27:26,000 OVER THE YEARS AS I WITNESSED 2579 01:27:26,001 --> 01:27:28,000 COUNTLESS ACTS OF PERSONAL 2580 01:27:28,001 --> 01:27:31,000 COURAGE, DEVOTION TO COUNTRY AND 2581 01:27:31,001 --> 01:27:33,000 REAL SACRIFICE, I HAVE ALSO SEEN 2582 01:27:33,001 --> 01:27:34,000 AND HEARD SUCH DISHEARTENING AND 2583 01:27:34,001 --> 01:27:35,000 BASELESS ATTACKS AGAINST THOSE 2584 01:27:35,001 --> 01:27:36,000 WHO CHOOSE TO SERVE. 2585 01:27:36,001 --> 01:27:39,000 THE PENDING AMENDMENT IS JUST 2586 01:27:39,001 --> 01:27:41,000 THE LATEST ASSAULT. 2587 01:27:41,001 --> 01:27:43,000 IT COMES ON THE HEELS OF A NEW 2588 01:27:43,001 --> 01:27:45,000 MYTH BEING PEDDLED ON 2589 01:27:45,001 --> 01:27:46,000 TELEVISION, ON TALK RADIO, ON 2590 01:27:46,001 --> 01:27:47,000 PRINT AND EVEN ON THIS VERY 2591 01:27:47,001 --> 01:27:48,000 FLOOR. 2592 01:27:48,001 --> 01:27:50,000 I'M TALKING ABOUT THE ALLEGATION 2593 01:27:50,001 --> 01:27:52,000 THAT SOMEHOW FEDERAL EMPLOYEES 2594 01:27:52,001 --> 01:27:54,000 ARE OVERPAID, THAT THEIR 2595 01:27:54,001 --> 01:27:56,000 SALARIES HAVE BEEN RISING 2596 01:27:56,001 --> 01:27:58,000 UNFAIRLY COMPARED TO THOSE IN 2597 01:27:58,001 --> 01:27:59,000 SIMILAR JOBS IN THE PRIVATE SECTOR. 2598 01:27:59,001 --> 01:28:01,000 THAT WE SHOULD FREEZE OR CUT 2599 01:28:01,001 --> 01:28:03,000 THEIR PAY OR LAY THEM OFF. 2600 01:28:03,001 --> 01:28:04,000 THAT WE SHOULD MAKE IT NEARLY 2601 01:28:04,001 --> 01:28:06,000 IMPOSSIBLE TO HIRE ANY NEW 2602 01:28:06,001 --> 01:28:08,000 GOVERNMENT WORKERS AT ALL. 2603 01:28:08,001 --> 01:28:10,000 BEFORE I REBUT THESE ARGUMENTS 2604 01:28:10,001 --> 01:28:11,000 PIECEMEAL, I WANT TO REMIND MY 2605 01:28:11,001 --> 01:28:13,000 COLLEAGUES AND THE AMERICAN 2606 01:28:13,001 --> 01:28:17,000 PEOPLE WHAT IT IS WE'RE TALKING ABOUT. 2607 01:28:17,001 --> 01:28:19,000 THIS IS NOT AN EXERCISE IN THE ABSTRACT. 2608 01:28:19,001 --> 01:28:21,000 THERE ARE CONCRETE FACTS. 2609 01:28:21,001 --> 01:28:24,000 THERE ARE NAMES AND FACES AND 2610 01:28:24,001 --> 01:28:26,000 REAL LIFE STORIES OF ACHIEVEMENT 2611 01:28:26,001 --> 01:28:28,000 AND HARD WORK. 2612 01:28:28,001 --> 01:28:29,000 NEARLY 2 MILLION WAKE UP EACH 2613 01:28:29,001 --> 01:28:31,000 MORNING AND GO TO WORK FOR THE 2614 01:28:31,001 --> 01:28:32,000 AMERICAN PEOPLE, FOR THEIR 2615 01:28:32,001 --> 01:28:34,000 NEIGHBOR FOR THEIR FRIENDS AND 2616 01:28:34,001 --> 01:28:36,000 FAMILIES, FOR FOLKS THEY HAVE 2617 01:28:36,001 --> 01:28:38,000 NEVER MET OR WILL NEVER MEET. 2618 01:28:38,001 --> 01:28:39,000 THEY DO IT SUBSTANTIALLY FOR 2619 01:28:39,001 --> 01:28:40,000 LESS PAY THAN THE SAME JOB IN 2620 01:28:40,001 --> 01:28:41,000 THE PRIVATE SECTOR AND WITH 2621 01:28:41,001 --> 01:28:45,000 CONSIDERABLY MORE AT STAKE. 2622 01:28:45,001 --> 01:28:46,000 I'VE SAID BEFORE, THERE ARE 2623 01:28:46,001 --> 01:28:48,000 NO WALL STREET BONUSES. 2624 01:28:48,001 --> 01:28:50,000 THERE'S RARELY EVEN RECOGNITION 2625 01:28:50,001 --> 01:28:51,000 FOR HARD WORK. 2626 01:28:51,001 --> 01:28:53,000 FOR MANY, MADAM PRESIDENT, 2627 01:28:53,001 --> 01:28:55,000 WORKING AS A FEDERAL EMPLOYEE IS 2628 01:28:55,001 --> 01:28:57,000 A TOUGH CHOICE. 2629 01:28:57,001 --> 01:29:00,000 IN HIS KEYNOTE ADDRESS AT THE 2630 01:29:00,001 --> 01:29:02,000 ANNUAL DINNER ON MONDAY MORNING 2631 01:29:02,001 --> 01:29:07,000 HONORING THE WINNERS OF LAST 2632 01:29:07,001 --> 01:29:12,000 YEAR'S ARREST -- YEAR'S AWARDS 2633 01:29:12,001 --> 01:29:14,000 FOR PUBLIC SERVICE, A MAN WHOM I 2634 01:29:14,001 --> 01:29:15,000 HONORED TOLD HIS AUDIENCE ABOUT 2635 01:29:15,001 --> 01:29:18,000 A COLLEAGUE WHO DECIDED TO WORK 2636 01:29:18,001 --> 01:29:20,000 FOR THE FEDERAL GOVERNMENT. 2637 01:29:20,001 --> 01:29:22,000 THIS SCIENTIST HADEEN WORKING 2638 01:29:22,001 --> 01:29:23,000 MOST OF HIS EARLY CAREER IN THE 2639 01:29:23,001 --> 01:29:25,000 PRIVATE SECTOR. 2640 01:29:25,001 --> 01:29:26,000 AT A CERTAIN POINT HE REALIZED 2641 01:29:26,001 --> 01:29:30,000 IT WAS MORE IMPORTANT FOR HIM TO 2642 01:29:30,001 --> 01:29:31,000 MAKE A DIFFERENCE AND SERVE HIS 2643 01:29:31,001 --> 01:29:34,000 COUNTRY, SO HE WENT TO WORK IN A 2644 01:29:34,001 --> 01:29:36,000 GOVERNMENT LAB. 2645 01:29:36,001 --> 01:29:40,000 HE TOLD DR. FILL THRAEUPS TO DO 2646 01:29:40,001 --> 01:29:41,000 SO, HE -- PHILLIPS HE TOOK A PAY 2647 01:29:41,001 --> 01:29:42,000 CUT THAT WAS A FACTOR OF TEN, 2648 01:29:42,001 --> 01:29:44,000 TEN TIMES LESS PAY. 2649 01:29:44,001 --> 01:29:45,000 I'M SURE IT WAS A DIFFICULT 2650 01:29:45,001 --> 01:29:47,000 DECISION, BUT ULTIMATELY HE MADE 2651 01:29:47,001 --> 01:29:51,000 THE CHOICE TO WORK FOR HIS 2652 01:29:51,001 --> 01:29:53,000 COUNTRY. 2653 01:29:53,001 --> 01:29:56,000 I MET AN APPOINTEE THE OTHER DAY 2654 01:29:56,001 --> 01:29:58,000 WHO IS TAKING A 95% PAY CUT. 2655 01:29:58,001 --> 01:30:00,000 I WAS BEEN AMAZED AT THE 2656 01:30:00,001 --> 01:30:02,000 INDIVIDUALS WILLING TO TAKE 2657 01:30:02,001 --> 01:30:03,000 SALARY CUTS TO WORK IN THE OBAMA 2658 01:30:03,001 --> 01:30:05,000 ADMINISTRATION. 2659 01:30:05,001 --> 01:30:07,000 THESE POLITICAL APPOINTEES 2660 01:30:07,001 --> 01:30:09,000 JOINED THE CAREER PERSONNEL, SO 2661 01:30:09,001 --> 01:30:11,000 MANY OF WHOM WOULD ALSO BE 2662 01:30:11,001 --> 01:30:12,000 MAKING MUCH MORE IN THE PRIVATE 2663 01:30:12,001 --> 01:30:16,000 SECTOR. 2664 01:30:16,001 --> 01:30:20,000 JUST LOOK AT SOME OF THOSE THAT 2665 01:30:20,001 --> 01:30:21,000 HONORED AS GREAT FEDERAL 2666 01:30:21,001 --> 01:30:23,000 EMPLOYEES THIS PAST YEAR. 2667 01:30:23,001 --> 01:30:25,000 BY THE WAY, I DON'T CREATE 2668 01:30:25,001 --> 01:30:27,000 PEOPLE AT THE TOP OF THE SPECTRUM. 2669 01:30:27,001 --> 01:30:28,000 IT IS EVERYBODY WHO DOES THEIR 2670 01:30:28,001 --> 01:30:30,000 JOB WELL THAT SHOULD BE HONORED. 2671 01:30:30,001 --> 01:30:33,000 WE'VE SO MANY GREAT FEDERAL 2672 01:30:33,001 --> 01:30:35,000 EMPLOYEES THAT OPERATE AT ALL 2673 01:30:35,001 --> 01:30:36,000 LELS OF GOVERNMENT THAT I TRY TO 2674 01:30:36,001 --> 01:30:38,000 HONOR THEM ALL 2675 01:30:38,001 --> 01:30:40,000 I'M HARD-PRESSED TO THINK OF ANY 2676 01:30:40,001 --> 01:30:41,000 WHO WOULD NOT BE KING A LOT 2677 01:30:41,001 --> 01:30:43,000 MORE IN THE PRIVATE SECTOR. 2678 01:30:43,001 --> 01:30:46,000 NOT ONLY DO WE'VE BRILLIANT 2679 01:30:46,001 --> 01:30:49,000 PHYSICISTS LIKE DR. WILLIAM 2680 01:30:49,001 --> 01:30:50,000 PHILLIPS WHO WON A NOBEL PRIZE, 2681 01:30:50,001 --> 01:30:54,000 WE'VE BRIAN PERSONS, THE 2682 01:30:54,001 --> 01:30:56,000 EXECUTIVE DIRECTOR OF NAFSE, WHO 2683 01:30:56,001 --> 01:30:59,000 HAS SPENT HIS CAREER DESIGNING 2684 01:30:59,001 --> 01:31:01,000 AND MAINTAINING OUR NAVY SHIPS, 2685 01:31:01,001 --> 01:31:02,000 OR ERICA WILLIAMS, AN 2686 01:31:02,001 --> 01:31:04,000 ENFORCEMENT ATTORNEY WITH THE 2687 01:31:04,001 --> 01:31:06,000 S.E.C. WITH A DEGREE FROM THE 2688 01:31:06,001 --> 01:31:08,000 UNIVERSITY OF VIRGINIA LAW 2689 01:31:08,001 --> 01:31:09,000 SCHOOL WHO COULD BE MAKING A LOT 2690 01:31:09,001 --> 01:31:12,000 MORE IF FEE SHE WORKED FOR A 2691 01:31:12,001 --> 01:31:14,000 WALL STREET FIRM, OR JUDGE 2692 01:31:14,001 --> 01:31:16,000 TIMOTHY RICE, WHO COULD HAVE 2693 01:31:16,001 --> 01:31:17,000 CHOSEN TO WORK AS AN ATTORNEY IN 2694 01:31:17,001 --> 01:31:19,000 PRIVATE PRACTICE BUT INSTEAD 2695 01:31:19,001 --> 01:31:20,000 WENT TO WORK FOR THE JUSTICE 2696 01:31:20,001 --> 01:31:21,000 DEPARTMENT AND ON THE FEDERAL 2697 01:31:21,001 --> 01:31:23,000 BENCH. 2698 01:31:23,001 --> 01:31:25,000 NOW, I AM NOT SAYING THAT ALL 2699 01:31:25,001 --> 01:31:27,000 FEDERAL EMPLOYEES EARN T TIMES 2700 01:31:27,001 --> 01:31:30,000 LESS THAN THEIR PRIVATE-SECTOR COUNTERPARTS. 2701 01:31:30,001 --> 01:31:31,000 I'M NOT EVEN SAYING THAT ALL 2702 01:31:31,001 --> 01:31:33,000 FEDERAL EMPLOYEES MAKE LESS. 2703 01:31:33,001 --> 01:31:34,000 STILL, THOSE WHO CLAIM THAT 2704 01:31:34,001 --> 01:31:36,000 FEDERAL EMPLOYEES ARE MAKING 2705 01:31:36,001 --> 01:31:38,000 MORE ON AVERAGE THAN THEIR 2706 01:31:38,001 --> 01:31:39,000 PRIVATE-SECTOR CORNTSER 2707 01:31:39,001 --> 01:31:40,000 COUNTERPARTS DON'T HAVE THEIR 2708 01:31:40,001 --> 01:31:42,000 FACTS STRAIGHT. 2709 01:31:42,001 --> 01:31:45,000 WE KNOW HOW THESE THINGS HAPPEN. 2710 01:31:45,001 --> 01:31:48,000 IN THIS CASE, MUCH OF THE DATA 2711 01:31:48,001 --> 01:31:51,000 USED IS FROM A "USA TODAY" STUDY 2712 01:31:51,001 --> 01:31:53,000 FEW NTS MONTHS AGO. 2713 01:31:53,001 --> 01:31:55,000 THE BIG BROB THAT STUDY IS THAT 2714 01:31:55,001 --> 01:31:56,000 IT IS BOTH HIGHLY SELECTIVE OF 2715 01:31:56,001 --> 01:31:57,000 THE JOB CATEGORIES COMPARED AND 2716 01:31:57,001 --> 01:31:59,000 IT FAILS TO TAKE INTO ACCOUNT 2717 01:31:59,001 --> 01:32:01,000 THE DEMOGRAPHICS OF OUR FEDERAL 2718 01:32:01,001 --> 01:32:03,000 EMPLOYEES. 2719 01:32:03,001 --> 01:32:05,000 THE NUMBER OF EMPLOES IN 2720 01:32:05,001 --> 01:32:06,000 VARIOUS PRIVATE-SECTOR JOB 2721 01:32:06,001 --> 01:32:07,000 CATEGORIES DWARFS THAT OF THE 2722 01:32:07,001 --> 01:32:09,000 FEDERAL GOVERNMENT. 2723 01:32:09,001 --> 01:32:10,000 SKEWING SALARY DATA LOWER FOR 2724 01:32:10,001 --> 01:32:13,000 THE PRIVATE SECTOR WHERE THERE 2725 01:32:13,001 --> 01:32:16,000 ARE MORE LOWER-WAGE JOBS. 2726 01:32:16,001 --> 01:32:19,000 ALSO, A LARGE NUMBER OF FEDERAL 2727 01:32:19,001 --> 01:32:21,000 JOBS REQUIRE HIGHLY SPECIALIZED 2728 01:32:21,001 --> 01:32:22,000 SKILLS AND, AS A RESULT, 2729 01:32:22,001 --> 01:32:24,000 EMPLOYEES OFTEN OLDER AND MORE 2730 01:32:24,001 --> 01:32:27,000 EDUCATED THAN THE AVERAGE WORKER 2731 01:32:27,001 --> 01:32:29,000 IN THE COMPARABLE PRIVATE-SECTOR ROLES. 2732 01:32:29,001 --> 01:32:31,000 MANY AMERICANS DID NOT REALIZE 2733 01:32:31,001 --> 01:32:32,000 THAT ABOUT -- DO NOT REALIZE 2734 01:32:32,001 --> 01:32:34,000 THAT ABOUT 20% OF FEDERAL 2735 01:32:34,001 --> 01:32:36,000 EMPLOYEES HOLD A MASTER'S OR 2736 01:32:36,001 --> 01:32:39,000 PROFESSIONAL DEGREE COMPARED TO 2737 01:32:39,001 --> 01:32:42,000 13% IN THE PRIVATE SECTOR. 2738 01:32:42,001 --> 01:32:43,000 51% OF FEDERAL EMPLOYEES HAVE AT 2739 01:32:43,001 --> 01:32:46,000 LEAST A BACHELOR'S DEGREE WHILE 2740 01:32:46,001 --> 01:32:47,000 THIS IS TRUE OF ONLY 35% OF THE 2741 01:32:47,001 --> 01:32:53,000 PRIVATE-SECTOR WORKFORCE. 2742 01:32:53,001 --> 01:32:54,000 THE WORD OF MAX STEIR, PRESIDENT 2743 01:32:54,001 --> 01:32:58,000 OF THE PARTNERSHIP FOR PUBLIC 2744 01:32:58,001 --> 01:32:59,000 SERVICE, SAYS "NOT AN APPLES TO 2745 01:32:59,001 --> 01:33:02,000 APPLES COMPARISON." 2746 01:33:02,001 --> 01:33:03,000 YOU SHALL YOU CANNOT ASK WHAT 2747 01:33:03,001 --> 01:33:05,000 ANALYSTS IN THE PRIVATE SECTOR 2748 01:33:05,001 --> 01:33:06,000 AND FOR BUDGET ANALYSTS IN THE 2749 01:33:06,001 --> 01:33:09,000 GOVERNMENT. 2750 01:33:09,001 --> 01:33:10,000 THE SAME GOES FOR LIBRARIANS, 2751 01:33:10,001 --> 01:33:12,000 STATISTICIANS, PARALEGALS. 2752 01:33:12,001 --> 01:33:14,000 THE OCCUPATIONAL CATEGORY MIGHT 2753 01:33:14,001 --> 01:33:16,000 BE CALLED BY THE SAME NAME BUT 2754 01:33:16,001 --> 01:33:18,000 THE WORK IS VERY DIFFERENT. 2755 01:33:18,001 --> 01:33:19,000 THERE ARE DIFFERENT SKILL SETS 2756 01:33:19,001 --> 01:33:21,000 REQUIRED, DIFFERENT TYPES OF 2757 01:33:21,001 --> 01:33:23,000 EXPERIENCE NECESSARY. 2758 01:33:23,001 --> 01:33:25,000 WHEN ACTUAL JOB TASKS ARE 2759 01:33:25,001 --> 01:33:27,000 COMPARED, FEW GOVERNMENT JOBS 2760 01:33:27,001 --> 01:33:28,000 HAVE EXACT EQUIVALENTS IN THE 2761 01:33:28,001 --> 01:33:30,000 PRIVATE SECTOR. 2762 01:33:30,001 --> 01:33:32,000 CONTRARY TO WHAT MANY HAVE SAID, 2763 01:33:32,001 --> 01:33:33,000 MADAM PRESIDENT, FEDERAL 2764 01:33:33,001 --> 01:33:35,000 WORKERS' SALARIES ARE ACTUALLY 2765 01:33:35,001 --> 01:33:38,000 LOWER, NOT HIGHER, THA THOSE IN 2766 01:33:38,001 --> 01:33:42,000 THE PRIVATE SECTOR. 2767 01:33:42,001 --> 01:33:44,000 INDEED, THE FEDERAL SALARY 2768 01:33:44,001 --> 01:33:45,000 COUNCIL REPORTED LAST OCTOBER 2769 01:33:45,001 --> 01:33:47,000 THAT FEDERAL EMPLOYEES ARE 2770 01:33:47,001 --> 01:33:48,000 MAKING AN AVERAGE OF 26% LESS -- 2771 01:33:48,001 --> 01:33:49,000 LESS -- THAN THOSE IN THE 2772 01:33:49,001 --> 01:33:51,000 PRIVATE SECTOR DOING COMPARABLE 2773 01:33:51,001 --> 01:33:52,000 WOCIALG. 2774 01:33:52,001 --> 01:33:53,000 WORK. 2775 01:33:53,001 --> 01:33:55,000 MOREOVER, THIS REPRESENTS A 2776 01:33:55,001 --> 01:33:57,000 WIDENING OF THE PRIVATE-PUBLIC 2777 01:33:57,001 --> 01:34:01,000 PAY GAP FROM THE PREVIOUS YEAR, 2778 01:34:01,001 --> 01:34:02,000 CONTINUING A RECENT TREND. 2779 01:34:02,001 --> 01:34:05,000 HOWEVER, THIS LINE OFTTACK 2780 01:34:05,001 --> 01:34:07,000 CONTINUES FROM THOSE WHO 2781 01:34:07,001 --> 01:34:08,000 ROUTINELY DISPARAGE THE ROLE OF 2782 01:34:08,001 --> 01:34:09,000 GOVERNMENT. 2783 01:34:09,001 --> 01:34:12,000 UNFORTUNATELY, IT HAS BECOME ALL 2784 01:34:12,001 --> 01:34:13,000 TOO COMMON TO CRITICIZE 2785 01:34:13,001 --> 01:34:14,000 WASHINGTON BY DEFAMING THE 2786 01:34:14,001 --> 01:34:17,000 CIVILIAN EMPLOYEES WHO WORK 2787 01:34:17,001 --> 01:34:18,000 ACROSS OUR GOVERNMENT. 2788 01:34:18,001 --> 01:34:19,000 MR. PRESIDENT -- MADAM 2789 01:34:19,001 --> 01:34:23,000 PRESIDENT, FEDERAL EMPLOYEES 2790 01:34:23,001 --> 01:34:25,000 CONTINUE TO SERVE, UNFORTUNATELY 2791 01:34:25,001 --> 01:34:26,000 TO SORNLINGS AS A CONVENIENT 2792 01:34:26,001 --> 01:34:28,000 SCAPEGOAT. 2793 01:34:28,001 --> 01:34:30,000 THAT ESSENTIALLY IS WHAT THIS 2794 01:34:30,001 --> 01:34:31,000 AMENDMENT DOES T ASSIGNS BLAME 2795 01:34:31,001 --> 01:34:32,000 AND DOES NOT REALLY ADDRESS THE 2796 01:34:32,001 --> 01:34:34,000 BUDGETARY PROBLEMS WE FACE. 2797 01:34:34,001 --> 01:34:36,000 IT REMINDS ME OF AN AMENDMENT 2798 01:34:36,001 --> 01:34:37,000 PROPOSED BY ONE OF MY FRIEN ON 2799 01:34:37,001 --> 01:34:39,000 THE OTHER SIDE OF THE AISLE WHEN 2800 01:34:39,001 --> 01:34:40,000 WE WERE CONSIDERING THE HEALTH 2801 01:34:40,001 --> 01:34:41,000 INSURANCE REFORM BILL FL IT 2802 01:34:41,001 --> 01:34:44,000 WOULD HAVE MANDATED -- AND I 2803 01:34:44,001 --> 01:34:46,000 QUOTE -- "FOR EACH NEW BUREAUCRAT ADDED TO ANY 2804 01:34:46,001 --> 01:34:47,000 DEPARTMENT OR AGENCY FOR THE PUP 2805 01:34:47,001 --> 01:34:49,000 OF IMPLEMENTING THE PROVISIONS 2806 01:34:49,001 --> 01:34:51,000 OF THE PATIENT PROTECTION AND 2807 01:34:51,001 --> 01:34:53,000 AFFORDABLE CARE ACT, THE HEAD OF 2808 01:34:53,001 --> 01:34:55,000 SUCH AGENCY SHALL ENSURE THE 2809 01:34:55,001 --> 01:34:59,000 ADDITION OF A NEW BUREAUCRAT IS 2810 01:34:59,001 --> 01:35:01,000 OFFSET BY ONE BUREAU DPLAT AGENCY." 2811 01:35:01,001 --> 01:35:03,000 IN FACT WE'D HAVEO FIRE A 2812 01:35:03,001 --> 01:35:05,000 FEDERAL EMPLOYEE TO HIRE ONE. 2813 01:35:05,001 --> 01:35:07,000 THIS SO-CALLED BUREAUCRATIC 2814 01:35:07,001 --> 01:35:09,000 OFFSET AMENDMENT USING A WORD 2815 01:35:09,001 --> 01:35:11,000 THAT'S BECOME UNFORTUNATELY 2816 01:35:11,001 --> 01:35:13,000 PEJORATIVE, WAS BAD ENOUGH. 2817 01:35:13,001 --> 01:35:15,000 THE THUNE AMENDMENT, WHICH IS A 2818 01:35:15,001 --> 01:35:17,000 BLANKET PAY FREEZE ON HIRING 2819 01:35:17,001 --> 01:35:18,000 CAPS, TAKES THIS A STEP FURTHER, 2820 01:35:18,001 --> 01:35:20,000 PROHIBITING ANY FEDERAL AGENCY 2821 01:35:20,001 --> 01:35:21,000 FROM HIRING A NEW EMPLOYEE UNTIL 2822 01:35:21,001 --> 01:35:23,000 ONE RETIRES. 2823 01:35:23,001 --> 01:35:25,000 AT A MOMENT WHEN WE'RE FACED 2824 01:35:25,001 --> 01:35:26,000 WITH A DIFFICULT CHOICE ABOUT 2825 01:35:26,001 --> 01:35:29,000 HOW TO REDUCE OR DEFICIT AND GET 2826 01:35:29,001 --> 01:35:30,000 OUR ECONOMY MOVING AGAIN, THIS 2827 01:35:30,001 --> 01:35:32,000 REPRESENTS -- THIS AMENDMENT 2828 01:35:32,001 --> 01:35:34,000 REPRESENTS AN EASY COP-OUT. 2829 01:35:34,001 --> 01:35:36,000 ALL THOSE WHO BLAME FEDERAL 2830 01:35:36,001 --> 01:35:37,000 EMPLOYEES FOR OUR NATIONAL 2831 01:35:37,001 --> 01:35:40,000 PROBLEMS, OR TBLEEIVE CUTTING 2832 01:35:40,001 --> 01:35:42,000 THEIR SALARIES OR CAPPING THEIR 2833 01:35:42,001 --> 01:35:44,000 NUMBERS WILL SOLVE THOSE 2834 01:35:44,001 --> 01:35:47,000 PROBLEMS, ARE ADVERSE TO MAKING DIFFICULTDDITIONS. 2835 01:35:47,001 --> 01:35:49,000 THE THUNE CUTS WOULD ONLY SAVE 2836 01:35:49,001 --> 01:35:52,000 THE TAXPAYERS A MEEKER AMOUNT. 2837 01:35:52,001 --> 01:35:54,000 ITS PROVISIONS ON THE FEDERAL 2838 01:35:54,001 --> 01:35:56,000 WORKFORCE AND THE DISPARAGEMENT 2839 01:35:56,001 --> 01:35:58,000 OF AMERICA'S PUBLIC EMPLOYEES 2840 01:35:58,001 --> 01:36:00,000 STOTTEDS A DANGEROUS DISTRACTION 2841 01:36:00,001 --> 01:36:03,000 FROM THE VERY, VERY TOUGH STEPS 2842 01:36:03,001 --> 01:36:05,000 WE MUST MAKE AS A NATION. 2843 01:36:05,001 --> 01:36:08,000 THE GREATEST CHALLENGES WE FACE 2844 01:36:08,001 --> 01:36:10,000 TODAY -- THE GULF SPILL, TWO 2845 01:36:10,001 --> 01:36:13,000 WARS, MARKET VOLATILITY -- ALL 2846 01:36:13,001 --> 01:36:15,000 OF THESE WILL BE TACKLED BY 2847 01:36:15,001 --> 01:36:16,000 HARD-WORKING FEDERAL EMPLOYEES. 2848 01:36:16,001 --> 01:36:18,000 ALL THESE CHALLENGES REQUIRE 2849 01:36:18,001 --> 01:36:20,000 READINESS ON OUR PART TO MAKE 2850 01:36:20,001 --> 01:36:21,000 DIFFICULT CHOICES. 2851 01:36:21,001 --> 01:36:22,000 SCAPEGOATING AND PLAYING THE 2852 01:36:22,001 --> 01:36:24,000 BLAME GAME WON'T GET US 2853 01:36:24,001 --> 01:36:25,000 ANYWHERE. 2854 01:36:25,001 --> 01:36:27,000 FEDERAL EMPLOYEES KNOW FIRSTHAND 2855 01:36:27,001 --> 01:36:30,000 ABOUT MAKING TOUGH CHOICES. 2856 01:36:30,001 --> 01:36:32,000 THEY DO SO EVERY DAY. 2857 01:36:32,001 --> 01:36:33,000 MANY OF THE GREAT FEDERAL 2858 01:36:33,001 --> 01:36:34,000 EMPLOYEES I'VE HONORED FROM THIS 2859 01:36:34,001 --> 01:36:36,000 DESK CAME TO MY ATTENTION 2860 01:36:36,001 --> 01:36:38,000 BECAUSE THEY FACED DIFFICULT 2861 01:36:38,001 --> 01:36:42,000 TASKS, FOBBING RISKS, AND A-- 2862 01:36:42,001 --> 01:36:44,000 TOOK RISKS, AND ACHIEVED GREAT ACCOMPLISHMENTS. 2863 01:36:44,001 --> 01:36:48,000 SOME SERVED OVERSEAS. 2864 01:36:48,001 --> 01:36:49,000 ONE GAVE HIS LIFE WHILE WORKING 2865 01:36:49,001 --> 01:36:52,000 FOR USAID. 2866 01:36:52,001 --> 01:36:53,000 ONE LEFT A LUCRATIVE 2867 01:36:53,001 --> 01:36:56,000 PRIVATE-SECTOR JOB TO JOIN THE 2868 01:36:56,001 --> 01:36:59,000 JUSTICE AS AN ANTITERROR PROSECUTOR. 2869 01:36:59,001 --> 01:37:00,000 OTHERS IMMIGRATED TO THIS 2870 01:37:00,001 --> 01:37:02,000 COUNTRY AND BECAME FEDERAL 2871 01:37:02,001 --> 01:37:04,000 EMPLOYEES BECAUSE THEY WANTED TO 2872 01:37:04,001 --> 01:37:05,000 GIVE BACK TO THE COUNTRY THAT 2873 01:37:05,001 --> 01:37:06,000 TOOK THEM IN. 2874 01:37:06,001 --> 01:37:11,000 THESE STORIES GO ON AND ON AND 2875 01:37:11,001 --> 01:37:14,000 ON AND ON AND ON AND ON AND ON. 2876 01:37:14,001 --> 01:37:16,000 THEY'RE AS DIVERSE AND UNANIMOUS 2877 01:37:16,001 --> 01:37:19,000 AS THIS GREAT COUNTRY OF OURS. 2878 01:37:19,001 --> 01:37:21,000 ADDITIONALLY, ALL OF MY HONOREES 2879 01:37:21,001 --> 01:37:23,000 SHARE THE EXPERIENCE OF MAKING 2880 01:37:23,001 --> 01:37:24,000 THAT INITIAL DECISION TO PURSUE 2881 01:37:24,001 --> 01:37:26,000 GOVERNMENT WORK. 2882 01:37:26,001 --> 01:37:27,000 HARD AN AN EASY ONE CONSIDERING 2883 01:37:27,001 --> 01:37:29,000 THE -- HARDLY AN EASY ONE TO 2884 01:37:29,001 --> 01:37:30,000 MAKE CONSIDERING THE SACRIFICES 2885 01:37:30,001 --> 01:37:33,000 INVOLVED. 2886 01:37:33,001 --> 01:37:35,000 THOSE WHO SUPPORT FEDERAL SALARY 2887 01:37:35,001 --> 01:37:37,000 CUTS MISTAKENLY VIEW OUR CIVIL 2888 01:37:37,001 --> 01:37:39,000 SERVICE AS A COST. 2889 01:37:39,001 --> 01:37:40,000 RATHER IT IS AN IMPORTANT 2890 01:37:40,001 --> 01:37:43,000 NATIONAL RESOURCE WHICH REAL 2891 01:37:43,001 --> 01:37:44,000 BENEFITS FOR ALL OF US. 2892 01:37:44,001 --> 01:37:45,000 AT THE END OF THE DAY, MADAM 2893 01:37:45,001 --> 01:37:47,000 PRESIDENT, I MUST REMIND MY 2894 01:37:47,001 --> 01:37:49,000 COLLEAGUES THAT AS OUR 2895 01:37:49,001 --> 01:37:51,000 OUTSTANDING FEDERAL EMPLOYEES 2896 01:37:51,001 --> 01:37:54,000 WHO CARRY OUT THE PROGRAMS WE 2897 01:37:54,001 --> 01:37:55,000 PASS EVERY D IN THIS CHAMBER. 2898 01:37:55,001 --> 01:37:57,000 WE WILL CONTINUE TO COUNT ON THE 2899 01:37:57,001 --> 01:38:02,000 FEDERAL WORKFORCE TO KEEP OUR 2900 01:38:02,001 --> 01:38:04,000 SKIES SAFE FOR TRAVEL, OUR 2901 01:38:04,001 --> 01:38:05,000 TROOPS AND VETERANS CARED FOR, 2902 01:38:05,001 --> 01:38:07,000 OUR SCOLS HELD TO HIGH 2903 01:38:07,001 --> 01:38:10,000 STANDARDS, AND OUR HOMELAND 2904 01:38:10,001 --> 01:38:12,000 HOMELANDSECURE. 2905 01:38:12,001 --> 01:38:13,000 WOODROW WILSON AS A YOUNG 2906 01:38:13,001 --> 01:38:16,000 POLITICAL SCIENTIST DURING THE 2907 01:38:16,001 --> 01:38:19,000 CIVIL SERVICE REFORM DEBATES, 2908 01:38:19,001 --> 01:38:20,000 ADVOCATED FOR A SYSTEM OF PUBLIC 2909 01:38:20,001 --> 01:38:24,000 ADMINISTRATION BECAUSE HE 2910 01:38:24,001 --> 01:38:27,000 BELIEVED THAT THE CONDITIONS 2911 01:38:27,001 --> 01:38:28,000 REQUIRED IN ORDER FOR A 2912 01:38:28,001 --> 01:38:30,000 DEMOCRATIC STATE TO FUNCTION AT 2913 01:38:30,001 --> 01:38:31,000 ITS BEST. 2914 01:38:31,001 --> 01:38:33,000 INDEED, OUR CIVIL SERVICE HAS 2915 01:38:33,001 --> 01:38:35,000 DEVELOPED INTO ONE OF THE 2916 01:38:35,001 --> 01:38:37,000 UNIQUELY SUITED TO OUR NEEDS AND 2917 01:38:37,001 --> 01:38:38,000 INCORPORATING AMERICA'S BEST 2918 01:38:38,001 --> 01:38:41,000 CONSTITUTIONAL TRADITIONS. 2919 01:38:41,001 --> 01:38:42,000 WE HAVE A FEDERALWORKFORCE WE 2920 01:38:42,001 --> 01:38:45,000 CAN BE PROUD OF. 2921 01:38:45,001 --> 01:38:47,000 FEDERAL EMPLOYEES PLAY A 2922 01:38:47,001 --> 01:38:49,000 CRITICAL ROLE AND THROUGH THEIR 2923 01:38:49,001 --> 01:38:52,000 WORK EXEMPLIFY SO MANY OF OUR 2924 01:38:52,001 --> 01:38:55,000 NATION'S GREAT VALUES. 2925 01:38:55,001 --> 01:38:56,000 THESE INCLUDE EXEMENT EXEMPLARY 2926 01:38:56,001 --> 01:38:59,000 CITIZENSHIP, INDUSTRIOUSNESS, A 2927 01:38:59,001 --> 01:39:01,000 WILLINGNESS TO TAKE RISKS, 2928 01:39:01,001 --> 01:39:02,000 PERSEVERANCE, MODESTY, AND 2929 01:39:02,001 --> 01:39:04,000 INTELLECT. 2930 01:39:04,001 --> 01:39:07,000 CONTRARY TO POPULAR MYTH, MOST 2931 01:39:07,001 --> 01:39:08,000 FEDERAL EMPLOYEES WORK OUTSIDE 2932 01:39:08,001 --> 01:39:09,000 OF WASHINGTON, D.C., IN FACT NO 2933 01:39:09,001 --> 01:39:11,000 STATE -- AND I INCLUDE THE 2934 01:39:11,001 --> 01:39:14,000 DISTRICT OF COLUMBIA -- NO STATE 2935 01:39:14,001 --> 01:39:19,000 IS HOME TO MORE THAN 8.5% OFHE 2936 01:39:19,001 --> 01:39:21,000 TOTAL FEDERAL WORKFORCE. 2937 01:39:21,001 --> 01:39:24,000 OUR GOVERNMENT EMPLOYEESORK IN 2938 01:39:24,001 --> 01:39:25,000 COMMUNITIES LARGE AND SMALL. 2939 01:39:25,001 --> 01:39:29,000 MADAM PRESIDENT, ONE OF THE 2940 01:39:29,001 --> 01:39:31,000 CHALLENGES WE FACE IS A FEDERAL 2941 01:39:31,001 --> 01:39:33,000 RETIREMENT BOOM. 2942 01:39:33,001 --> 01:39:35,000 MORE AND MORE AND MORE OF OUR 2943 01:39:35,001 --> 01:39:38,000 FEDERAL EMPLOYEES ARE MOVING 2944 01:39:38,001 --> 01:39:40,000 TOWARDS RETIREMENT. 2945 01:39:40,001 --> 01:39:41,000 AS THE BABY BOOMERS GET OLDER, 2946 01:39:41,001 --> 01:39:43,000 THE OFFICE OF PERSONNEL 2947 01:39:43,001 --> 01:39:45,000 MANAGEMENT HAS ESTIMATED THAT 2948 01:39:45,001 --> 01:39:47,000 ONE-FIFTH -- 20% -- OF THE 2949 01:39:47,001 --> 01:39:50,000 FEDERAL WORKFORCE WILL RETIRE BY 2950 01:39:50,001 --> 01:39:53,000 2014. 2951 01:39:53,001 --> 01:39:55,000 THIS COMES AT THE VERY SAME TIME 2952 01:39:55,001 --> 01:39:59,000 THAT MORE NEW HIRES ARE NEEDED 2953 01:39:59,001 --> 01:40:00,000 IN MISSION-CRITICAL JOBS DEALING 2954 01:40:00,001 --> 01:40:02,000 WITH PUBLIC HEALTH, NATIONAL 2955 01:40:02,001 --> 01:40:03,000 SECURITY, TRANSPORTATION SAFETY, 2956 01:40:03,001 --> 01:40:04,000 FINANCIAL REGULATION, AND MANY, 2957 01:40:04,001 --> 01:40:06,000 MANY,ANY OTHER IMPORTANT 2958 01:40:06,001 --> 01:40:08,000 AREAS. 2959 01:40:08,001 --> 01:40:09,000 NOW IS NOT THE TIME TO TALK 2960 01:40:09,001 --> 01:40:11,000 ABOUT LAYING OFF FEDERAL WORKERS 2961 01:40:11,001 --> 01:40:13,000 OR FREEZING THEIR PAY. 2962 01:40:13,001 --> 01:40:14,000 WE SHOULD BE TALKING ABOUT AND 2963 01:40:14,001 --> 01:40:16,000 WE SHOULD BE TALKING ABOUT 2964 01:40:16,001 --> 01:40:19,000 SERIOUSLY ON THIS FLOOR, ABOUT 2965 01:40:19,001 --> 01:40:22,000 HOW TO INVEST IN RECRUITING THE 2966 01:40:22,001 --> 01:40:24,000 NEXT GENERATION OF FEDERAL EMPLOYEES. 2967 01:40:24,001 --> 01:40:25,000 THE SCAPEGOATING AND BASELESS 2968 01:40:25,001 --> 01:40:27,000 ATTACKS AGAINST FEDERAL WORKERS 2969 01:40:27,001 --> 01:40:30,000 ONLY SERVES TO DEMORALIZE THOSE 2970 01:40:30,001 --> 01:40:31,000 WHO EVERY DAY ARE ON THE FRONT 2971 01:40:31,001 --> 01:40:33,000 LINES OF CONFRONTING OUR 2972 01:40:33,001 --> 01:40:36,000 NATION'S CHALLENGES. 2973 01:40:36,001 --> 01:40:37,000 IT ALSO DISCOURAGES TALENTED 2974 01:40:37,001 --> 01:40:38,000 YOUNG AMERICA FROM MAKING THAT 2975 01:40:38,001 --> 01:40:41,000 DIFFICULT CHOICEHETHER TO 2976 01:40:41,001 --> 01:40:42,000 START A CAREER IN SERVICE TO 2977 01:40:42,001 --> 01:40:45,000 THEIR COUNTRY. 2978 01:40:45,001 --> 01:40:47,000 SO, MADAM PRESIDENT, LET ME REITERATE: 2979 01:40:47,001 --> 01:40:50,000 FEDERAL EMPLOYEES MAKE LESS THAN 2980 01:40:50,001 --> 01:40:51,000 THOSE IN THE PRIVATE SECTOR, NOT 2981 01:40:51,001 --> 01:40:54,000 MORE. 2982 01:40:54,001 --> 01:40:56,000 THEY REPRESENT SOME OF OUR VERY, 2983 01:40:56,001 --> 01:40:58,000 VERY BEST AND BRIGHTEST, A 2984 01:40:58,001 --> 01:40:59,000 DEDICATED AND HARD-WORKING GROUP 2985 01:40:59,001 --> 01:41:00,000 OF AMERICANS ACROSS THIS 2986 01:41:00,001 --> 01:41:03,000 COUNTRY. 2987 01:41:03,001 --> 01:41:05,000 WE NEED TO RECRUIT A NEW 2988 01:41:05,001 --> 01:41:07,000 GE GOVERNMENT WORKERS 2989 01:41:07,001 --> 01:41:09,000 TO HELP US TACKLE THE VERY GREAT 2990 01:41:09,001 --> 01:41:10,000 CHALLENGES AND UNFAIRLY LABELING 2991 01:41:10,001 --> 01:41:12,000 FEDERAL EMPLOYEES AS A PROBLEM 2992 01:41:12,001 --> 01:41:15,000 FAILS TO REALIZE THEIR IMPORTANT 2993 01:41:15,001 --> 01:41:16,000 ROLE IN FINDING SO MANY 2994 01:41:16,001 --> 01:41:20,000 SOLUTIONS TO THE VERY, VERY 2995 01:41:20,001 --> 01:41:22,000 DIFFICULT PROBLEMS WE FACE. 2996 01:41:22,001 --> 01:41:23,000 THE PENDING AMENDMENT'S PAY 2997 01:41:23,001 --> 01:41:25,000 FREEZE AND HIRING RESTRICTIONS 2998 01:41:25,001 --> 01:41:28,000 WILL DO ALMOST NOTHING TO REDUCE 2999 01:41:28,001 --> 01:41:30,000 OUR D RATHER ITS EFFECT ON OUR 3000 01:41:30,001 --> 01:41:31,000 GOVERNMENT'S ABILITY TO ADDRESS 3001 01:41:31,001 --> 01:41:32,000 SERIOUS ISSUES COULD BE 3002 01:41:32,001 --> 01:41:34,000 DISASTROUS. 3003 01:41:34,001 --> 01:41:36,000 TO THOSE LOOKING TO SHIFT THE 3004 01:41:36,001 --> 01:41:39,000 BLAME FOR OUR TROUBLES AND HAVE 3005 01:41:39,001 --> 01:41:40,000 THEIR SIGHTS SET ON FEDERAL 3006 01:41:40,001 --> 01:41:41,000 EMPLOYEES, I SUGGEST LOOK 3007 01:41:41,001 --> 01:41:44,000 ELSEWHERE. 3008 01:41:44,001 --> 01:41:45,000 FOR THOSE WHO WANT TO -- WANT 3009 01:41:45,001 --> 01:41:47,000 EASY, LET'S DEAL WITH THIS LATER 3010 01:41:47,001 --> 01:41:49,000 ANSWERS AND ARE LOOKING FOR A 3011 01:41:49,001 --> 01:41:51,000 CONVENIENT DISTRTION, I SAY, 3012 01:41:51,001 --> 01:41:52,000 LOOK ELSEWHERE. 3013 01:41:52,001 --> 01:41:55,000 FOR THOSE WHO SUPPORT THIS 3014 01:41:55,001 --> 01:41:57,000 AMENDMENT, FORHOSE WHO 3015 01:41:57,001 --> 01:41:58,000 HABITUALLY SHY AWAY FROM MAKE 3016 01:41:58,001 --> 01:42:00,000 THE TOUGH CHOICES WE NEED TO 3017 01:42:00,001 --> 01:42:03,000 MAKE, I SAY, LOOK NO FURTHER 3018 01:42:03,001 --> 01:42:04,000 THAN THE PUBLIC EMPLOYEES YOU SO 3019 01:42:04,001 --> 01:42:06,000 CASUALLY FAULT. 3020 01:42:06,001 --> 01:42:09,000 THEY KNOW HOW TO MAKE TOUGH 3021 01:42:09,001 --> 01:42:10,000 CHOICES. 3022 01:42:10,001 --> 01:42:13,000 I YIELD THE FLOOR AND REQUEST 3023 01:42:13,001 --> 01:42:14,000 THE ABSENCE OF A QUORUM AND THAT 3024 01:42:14,001 --> 01:42:15,000 SIDES. 3025 01:42:15,001 --> 01:42:16,000 THE PRESIDING OFFICER: IS 3026 01:42:16,001 --> 01:42:24,000 THERE AN OBJECTION? 3027 01:42:24,001 --> 01:42:40,000 WITHOUT OBJECTION, SO ORDERED. 3028 01:42:40,001 --> 01:42:41,000 QUORUM CALL: 3029 01:42:41,001 --> 01:42:42,000 THUNE MADAM PRESIDENT? 3030 01:42:42,001 --> 01:42:43,000 THE PRESIDING OFFICER: THE 3031 01:42:43,001 --> 01:42:44,000 SENATOR FROM SOUTH DAKOTA. 3032 01:42:44,001 --> 01:42:46,000 MR. THUNE: I WOULD ASK THAT 3033 01:42:46,001 --> 01:42:47,000 THE QUORUM CALL BE DISPENSED WITH. 3034 01:42:47,001 --> 01:42:50,000 THE PRESIDING OFFICER: TWOWKS. 3035 01:42:50,001 --> 01:42:51,000 MR. THUNE: MADAM PRESIDENT, I 3036 01:42:51,001 --> 01:42:54,000 -- JUST IN RESPONSE TO THE 3037 01:42:54,001 --> 01:42:56,000 COMMENTS FRO 3038 01:42:56,001 --> 01:43:01,000 DEWARE, I DON'T THINK ANYBODY 3039 01:43:01,001 --> 01:43:03,000 HERE HAS DENIGRATED FEDERAL EM 3040 01:43:03,001 --> 01:43:07,000 TO THE CONTRARY. 3041 01:43:07,001 --> 01:43:08,000 WE'RE ALL FRIENDS OF FEDERAL EMPLOYEES. 3042 01:43:08,001 --> 01:43:10,000 WE'RE SIMPLY SAYING THAT WHEN 3043 01:43:10,001 --> 01:43:11,000 YOU'RE IN A TOUGH 3044 01:43:11,001 --> 01:43:14,000 OUGHT TO -- EVERYBODY OUGHT TO 3045 01:43:14,001 --> 01:43:15,000 LOOK AT WHAT THEY CAN DO TO LIVE 3046 01:43:15,001 --> 01:43:18,000 MORE WITHIN THEIR MEANS. 3047 01:43:18,001 --> 01:43:21,000 WHEN YOU'RE RUNNING UP \$1.5 3048 01:43:21,001 --> 01:43:22,000 TRILLION DEFICIT THIS YEAR AND 3049 01:43:22,001 --> 01:43:25,000 \$1 TRILLION DEFICITS AS FAR AS 3050 01:43:25,001 --> 01:43:27,000 THE EYE CAN 3051 01:43:27,001 --> 01:43:29,000 OUGHT TO BE LOOKING WITHIN TO 3052 01:43:29,001 --> 01:43:31,000 FIGURE OUT WHAT WE CAN DO TO TRY 3053 01:43:31,001 --> 01:43:33,000 AND FIND 3054 01:43:33,001 --> 01:43:35,000 CAN USE TO EITHER PAY FOR THE 3055 01:43:35,001 --> 01:43:37,000 THINGS THAT WE NEED TO DO HERE 3056 01:43:37,001 --> 01:43:38,000 OR PERHAPS PAY 3057 01:43:38,001 --> 01:43:40,000 DEBT, WHICH, AS I SAID, MY 3058 01:43:40,001 --> 01:43:44,000 AMENDMENT DOES. 3059 01:43:44,001 --> 01:43:46,000 AND I WOULD ALS ALSO ADD, BECAUSE I 3060 01:43:46,001 --> 01:43:47,000 THINK THERE IS A CONCERN HERE 3061 01:43:47,001 --> 01:43:49,000 THAT SOMEHOW EVERY FEDERAL 3062 01:43:49,001 --> 01:43:51,000 EMPLOYEES IS GOING TO BE FROZEN 3063 01:43:51,001 --> 01:43:54,000 IN, I HAVE AN AMENDMENT, A MODIFICATION TO MY AMENDMENT 3064 01:43:54,001 --> 01:43:56,000 THAT WOULD ADDRESS THAT CONCERN. 3065 01:43:56,001 --> 01:43:57,000 AND, MADAM PRESIDENT, I WOULD 3066 01:43:57,001 --> 01:43:59,000 ASK UNANIMOUS CONSENT THAT THE 3067 01:43:59,001 --> 01:44:02,000 CHANGES AT THE DESK BE 3068 01:44:02,001 --> 01:44:03,000 INCORPORATED INTO MY AMENDMENT. 3069 01:44:03,001 --> 01:44:05,000 AND FORBE THE INFORMATION OF MY 3070 01:44:05,001 --> 01:44:07,000 COLLEAGUES, THEE THESE ARE 3071 01:44:07,001 --> 01:44:09,000 CHANGES TO SECTION 403 AND THEY 3072 01:44:09,001 --> 01:44:11,000 ADDRESS CRITICISMS THAT THE AMENDMENT WOULD PROHIBIT 3073 01:44:11,001 --> 01:44:13,000 INCREASES IN SALARIES OR BONUSES 3074 01:44:13,001 --> 01:44:15,000 FOR FEDERAL CIVILIAN EMPLOYEES. 3075 01:44:15,001 --> 01:44:16,000 THE 3076 01:44:16,001 --> 01:44:18,000 CHANGES THAT ARE AT THE DESK 3077 01:44:18,001 --> 01:44:20,000 WOULD ALLOW INCREASES AND 3078 01:44:20,001 --> 01:44:23,000 BONUSES TO OCCUR SO LONG AS 3079 01:44:23,001 --> 01:44:25,000 AGENCIES DON'T EXCEED THEIR FY 3080 01:44:25,001 --> 01:44:26,000 2009 BUDGETS FOR SALARIES. 3081 01:44:26,001 --> 01:44:27,000 IT'S A UNANIMOUS CONSENT REQUEST 3082 01:44:27,001 --> 01:44:29,000 THAT WOULD ADDRESS THE CONCERN 3083 01:44:29,001 --> 01:44:30,000 THAT'S BEEN RAISED BY SOME OF MY 3084 01:44:30,001 --> 01:44:32,000 COLLEAGUES ON THE OTHER SIDE 3085 01:44:32,001 --> 01:44:35,000 ABOUT MAKING SURE THAT OUR 3086 01:44:35,001 --> 01:44:36,000 FE 3087 01:44:36,001 --> 01:44:38,000 FLEXIBILITY TO, WITH SALARIES 3088 01:44:38,001 --> 01:44:39,000 AND BONUSES TO ADDRESS THOSE 3089 01:44:39,001 --> 01:44:41,000 EMPLOYEES THAT THEY THINK ARE 3090 01:44:41,001 --> 01:44:43,000 DESERVING OF PAY RAISES. 3091 01:44:43,001 --> 01:44:45,000 ALL THEY HAVE TO DO IS 3092 01:44:45,001 --> 01:44:48,000 UNDER THAT TOP-LINE NUMBER, BUT 3093 01:44:48,001 --> 01:44:50,000 IT GIVES THEM FLEXIBILITY AS A 3094 01:44:50,001 --> 01:44:51,000 FEDERAL MANAGER TO WORK WITHIN IT. 3095 01:44:51,001 --> 01:44:53,000 THE PRESIDING OFFICER: IS 3096 01:44:53,001 --> 01:44:56,000 THERE OBJECTION? MR. BAUCUS: RESERVING THE 3097 01:44:56,001 --> 01:44:59,000 RIGHT TO OBJECT, I MUST SAY TO 3098 01:44:59,001 --> 01:45:01,000 MY FRIEND FROM OKLAHOMA THAT IT 3099 01:45:01,001 --> 01:45:03,000 SOUNDS LIKE WAGE PRICE CONTROLS, 3100 01:45:03,001 --> 01:45:05,000 WHERE THE CONGRESS IS TRYING TO 3101 01:45:05,001 --> 01:45:07,000 DECIDE THE WAGES. 3102 01:45:07,001 --> 01:45:10,000 AT THIS POINT, MADAM PRESIDENT, 3103 01:45:10,001 --> 01:45:11,000 I OBJECT. 3104 01:45:11,001 --> 01:45:13,000 THE PRESIDING OFFICER: 3105 01:45:13,001 --> 01:45:15,000 OBJECTION IS HEARD. 3106 01:45:15,001 --> 01:45:16,000 MR. 3107 01:45:16,001 --> 01:45:17,000 SIMPLY OFFER THAT MODIFICATION 3108 01:45:17,001 --> 01:45:18,000 TO MY AMENDMENT SIMPLY TO 3109 01:45:18,001 --> 01:45:19,000 ADDRESS THE CONCERN. 3110 01:45:19,001 --> 01:45:21,000 WHAT I'M TRYING TO -- IF THERE 3111 01:45:21,001 --> 01:45:22,000 IS A CONCERN THAT EVERY SINGLE 3112 01:45:22,001 --> 01:45:24,000 FEDERAL EMPLOYEE HERE IS GOING 3113 01:45:24,001 --> 01:45:26,000 TO BE CAPPED AT SOME LEVEL 3114 01:45:26,001 --> 01:45:28,000 SOME FORSEEABLE PERIOD OF TIME, 3115 01:45:28,001 --> 01:45:31,000 THAT IS NOT THE INTENTION. 3116 01:45:31,001 --> 01:45:34,000 IN FACT, WHAT THE MODIFICATION 3117 01:45:34,001 --> 01:45:35,000 WOULD DO IS ENSURE WITHIN THE 3118 01:45:35,001 --> 01:45:40,000 OVERALL BUDGET, A MANAGER COULD 3119 01:45:40,001 --> 01:45:42,000 MAKE ADJUSTMENTS TO INDIVIDUAL 3120 01:45:42,001 --> 01:45:43,000 THAT'S SOMETHING THEY DESIRE TO DO. 3121 01:45:43,001 --> 01:45:44,000 IT JUST MEANS THAT THE FEDERAL 3122 01:45:44,001 --> 01:45:47,000 GOVEMENT, THE AGENCY, IS GOING 3123 01:45:47,001 --> 01:45:48,000 TO HAVE TO LIVE WITHIN 3124 01:45:48,001 --> 01:45:50,000 NUMBER AT THE TOP LINE. 3125 01:45:50,001 --> 01:45:51,000 THEY CAN WORK WITHIN THA SALARY 3126 01:45:51,001 --> 01:45:53,000 NUMBER BENEATH THAT TOP LINE. 3127 01:45:53,001 --> 01:45:55,000 BUT THAT'S ALL IT DOES. 3128 01:45:55,001 --> 01:45:56,000 AGAIN, WHAT I'VE SAID BEFORE I 3129 01:45:56,001 --> 01:45:58,000 WILL REITERATE FOR THE BENEFIT 3130 01:45:58,001 --> 01:46:01,000 OF MY COLLEAGUES, THAT I THINK 3131 01:46:01,001 --> 01:46:05,000 THAT WE HAVE A RESPONSIBILITY 3132 01:46:05,001 --> 01:46:07,000 HERE TO BE FISCALLY RESPONSIBLE. 3133 01:46:07,001 --> 01:46:08,000 SAID BEFORE, WE'VE GOT PEOPLE 3134 01:46:08,001 --> 01:46:09,000 ALL OVER THE COUNTRY WHO ARE 3135 01:46:09,001 --> 01:46:12,000 MAKING REALLY HARD DECISIONS 3136 01:46:12,001 --> 01:46:13,000 WITH REGARD TO THEIR PERSONAL 3137 01:46:13,001 --> 01:46:14,000 AND FAMILY BUDGETS, WITH REGARD 3138 01:46:14,001 --> 01:46:16,000 TO THEIR SMALL BUSINESSES, AND 3139 01:46:16,001 --> 01:46:17,000 THEY'RE HAVING TO REDUCE 3140 01:46:17,001 --> 01:46:18,000 SALARIES, FOR EXAMPLE, FOR 3141 01:46:18,001 --> 01:46:20,000 EMPLOYEES. 3142 01:46:20,001 --> 01:46:21,000 THEY'RE HAVING TO MAKE 3143 01:46:21,001 --> 01:46:22,000 REDUCTIONS IN FORCE AND LET 3144 01:46:22,001 --> 01:46:24,000 PEOPLE GO. 3145 01:46:24,001 --> 01:46:26,000 THOSE ARE HARD DECISIONS TO MAKE. 3146 01:46:26,001 --> 01:46:28,000 SURELY HERE IN WASHINGTON, D.C., 3147 01:46:28,001 --> 01:46:29,000 WHERE WE HAVE SEEN YEAR OVER 3148 01:46:29,001 --> 01:46:31,000 YEAR INCREASES IN FEDERAL 3149 01:46:31,001 --> 01:46:33,000 SPENDING AND DISCRETIONARY 3150 01:46:33,001 --> 01:46:35,000 DOMESTIC SPENDING THAT EXCEED BY 3151 01:46:35,001 --> 01:46:37,000 INFLATION SIX TIMES -- IF YOU 3152 01:46:37,001 --> 01:46:42,000 LOOK AT THE TWO LAST 3153 01:46:42,001 --> 01:46:44,000 APPROPRIATIONS BILL, FY 3154 01:46:44,001 --> 01:46:47,000 2009, THE INCREASES THAT WERE 3155 01:46:47,001 --> 01:46:49,000 ALLOWED FOR, 21.5% WHEN 3156 01:46:49,001 --> 01:46:51,000 INFLATION WAS 3 3157 01:46:51,001 --> 01:46:53,000 HOW CAN WE JUSTIFY INCREASING 3158 01:46:53,001 --> 01:46:55,000 SPENDING BY OVER 20% HERE IN WASHINGTON, D.C. 3159 01:46:55,001 --> 01:47:00,000 WHEN THE RATE 3160 01:47:00,001 --> 01:47:01,000 OUR ECONOMY IS 3.5%, AND PEOPLE 3161 01:47:01,001 --> 01:47:02,000 ALL OVER THE COUNTRY ARE HAVING 3162 01:47:02,001 --> 01:47:04,000 TO MAKE CUTS. 3163 01:47:04,001 --> 01:47:05,000 IT IS HIGH TIME THAT WASHINGTON, D.C. 3164 01:47:05,001 --> 01:47:06,000 AND THE FEDERAL GOVERNMENT WENT 3165 01:47:06,001 --> 01:47:08,000 ON A DIET. 3166 01:47:08,001 --> 01:47:10,000 THAT'S NOT TO SAY ANYTHING TO 3167 01:47:10,001 --> 01:47:11,000 DENIGRATE OR IMPUGN THE QUALITY 3168 01:47:11,001 --> 01:47:12,000 OF FEDERAL EMPLOYEES. 3169 01:47:12,001 --> 01:47:14,000 AS I SAID BEFORE, THERE ARE A 3170 01:47:14,001 --> 01:47:15,000 LOT OF FEDERAL EMPLOYEES WHO DO 3171 01:47:15,001 --> 01:47:16,000 A GREAT JOB. 3172 01:47:16,001 --> 01:47:17,000 ALL THIS IS SIMPLY SAYING IS 3173 01:47:17,001 --> 01:47:19,000 THAT WE HERE IN WASHINGTON, D.C. 3174 01:47:19,001 --> 01:47:20,000 OUGHT TO LEAD BY EXAMPLE. 3175 01:47:20,001 --> 01:47:22,000 THERE IS GREAT POWER IN EXAMPLE. 3176 01:47:22,001 --> 01:47:23,000 WE HAVE NOT BEEN PROVIDING THE 3177 01:47:23,001 --> 01:47:24,000 EXAMPLE FOR THE AMERICAN PEOPLE 3178 01:47:24,001 --> 01:47:25,000 BECAUSE WE'RE ASKING THEM TO 3179 01:47:25,001 --> 01:47:28,000 MAKE THESE HARD CHOICES. 3180 01:47:28,001 --> 01:47:31,000 WE'RE NOT WILLING TO MAKE THOSE CHOICES OURSELVES. 3181 01:47:31,001 --> 01:47:32,000 SO I THINK THIS AMENDMENT, MADAM PRESIDENT, GIVES MEMBERS 3182 01:47:32,001 --> 01:47:35,000 OF THE UNITED STATES SENATE AN 3183 01:47:35,001 --> 01:47:36,000 OPPORTUNITY TO SAY YES TO FISCAL 3184 01:47:36,001 --> 01:47:37,000 RESPONSIBILITY, YES THAT WE ARE 3185 01:47:37,001 --> 01:47:39,000 GOING TO LIVE WITHIN OUR MEANS, 3186 01:47:39,001 --> 01:47:41,000 YES THAT WE ARE GOING TO PAY FOR 3187 01:47:41,001 --> 01:47:42,000 THE THINGS THAT WE SPEND MONEY 3188 01:47:42,001 --> 01:47:43,000 ON, YES T 3189 01:47:43,001 --> 01:47:45,000 HAND THE CREDIT CARD TO OUR 3190 01:47:45,001 --> 01:47:47,000 CHILDREN ANDRANDCHILDREN. 3191 01:47:47,001 --> 01:47:49,000 THESE ARE NOT DRACONIAN IDEAS. 3192 01:47:49,001 --> 01:47:51,000 THESE ARE FAIRLY STRAIGHTFORWARD 3193 01:47:51,001 --> 01:47:53,000 SAVINGS THAT WE WOULD ACHIEVE 3194 01:47:53,001 --> 01:47:55,000 SIMPLY BY SHAVING A LITTLE BIT 3195 01:47:55,001 --> 01:47:58,000 FROM THESE FEDERAL BUDGETS, 3196 01:47:58,001 --> 01:47:59,000 MAKING SURE THAT WE'RE NOT -- 3197 01:47:59,001 --> 01:48:01,000 THAT THEY'RE STIMULUS FUNDS THAT 3198 01:48:01,001 --> 01:48:02,000 HAVEN'T BEEN SPENT, HAVEN'T BEEN 3199 01:48:02,001 --> 01:48:04,000 ALLOCATED, WE RESCIND THOSE, USE 3200 01:48:04,001 --> 01:48:05,000 THOSE TO PAY FOR THIS NEW 3201 01:48:05,001 --> 01:48:07,000 SPENDING,HOSE FUNDS THAT HAVE 3202 01:48:07,001 --> 01:48:09,000 BEEN APPROPRIATED BUT NOT SPENT, 3203 01:48:09,001 --> 01:48:10,000 WE USE THOSE TO FINANCE SOME OF 3204 01:48:10,001 --> 01:48:12,000 THE THINGS WE'RE DOING HERE, AND 3205 01:48:12,001 --> 01:48:14,000 THEN TO APPLY THAT TO PAYING 3206 01:48:14,001 --> 01:48:15,000 DOWN THE DEBT. 3207 01:48:15,001 --> 01:48:16,000 THEN WE FREEZE SOME OF THE 3208 01:48:16,001 --> 01:48:18,000 FEDERAL AGENCIES IN TERMS OF 3209 01:48:18,001 --> 01:48:20,000 THEIR BUDGETS AND ASK FOR A 5% 3210 01:48:20,001 --> 01:48:22,000 REDUCTION IN SOME OF THESE 3211 01:48:22,001 --> 01:48:23,000 AGENCIES OVER THE COURSE OF THE 3212 01:48:23,001 --> 01:48:25,000 NEXTORSEEABLE YEARS. 3213 01:48:25,001 --> 01:48:26,000 THOSE ARE ALL FAIRLY 3214 01:48:26,001 --> 01:48:27,000 STRAIGHTFORWARD STEPS THAT I 3215 01:48:27,001 --> 01:48:31,000 THINK ANYBODY WOULD TAKE IF THEY 3216 01:48:31,001 --> 01:48:32,000 WERE TRYING TO GET BACK WITHIN A 3217 01:48:32,001 --> 01:48:35,000 REASONABLE BUDGET AND TO ADDRESS 3218 01:48:35,001 --> 01:48:39,000 WHAT ARE VERY SERIOUS CONCERNS 3219 01:48:39,001 --> 01:48:41,000 ABOUT THE 3220 01:48:41,001 --> 01:48:43,000 DEBT WE'RE PILING ON FUTURE GENERATIONS. 3221 01:48:43,001 --> 01:48:44,000 I'M SORRY THE MAJORITY IS 3222 01:48:44,001 --> 01:48:45,000 RESISTIVE TO ACCEPTING THAT AMENDMENT. 3223 01:48:45,001 --> 01:48:48,000 IT WOULD ADDRESS THE CONCERN 3224 01:48:48,001 --> 01:48:50,000 THAT WAS RAISED BY A COUPLE OF 3225 01:48:50,001 --> 01:48:51,000 AND CERTAINLY WASN'T OUR 3226 01:48:51,001 --> 01:48:54,000 INTENTION, NOT MY INTENTION AT 3227 01:48:54,001 --> 01:48:56,000 LEAST, TO IMPOSE A VERY 3228 01:48:56,001 --> 01:48:58,000 RESTRICTIVE, STRAITJACKET TYPE 3229 01:48:58,001 --> 01:48:59,000 APPROACH ON FEDERAL MANAGERS. 3230 01:48:59,001 --> 01:49:00,000 ON THE CONTRARY, WE THINK THERE 3231 01:49:00,001 --> 01:49:02,000 OUGHT TO BE A TOP-LINE BUDGET. 3232 01:49:02,001 --> 01:49:03,000 WE OUGHT TO BE ABLE TO LIVE 3233 01:49:03,001 --> 01:49:04,000 WITHIN IT. 3234 01:49:04,001 --> 01:49:05,000 CERTAINLY MANAGERS CAN MAKE 3235 01:49:05,001 --> 01:49:07,000 DECISIONS WITHIN THAT ABOUT HOW 3236 01:49:07,001 --> 01:49:09,000 BEST TO ALLOCATE THOSE RESOURCES. 3237 01:49:09,001 --> 01:49:10,000 WE'VE ACTUALLY, CONGRESS BLOCKED 3238 01:49:10,001 --> 01:49:11,000 ITS OWN PAY RAISE IN THE PAST 3239 01:49:11,001 --> 01:49:12,000 TWO YEARS. 3240 01:49:12,001 --> 01:49:14,000 IT SEEMS TO ME AT LEAST THAT 3241 01:49:14,001 --> 01:49:16,000 THAT'S SOMETHING THAT WE COULD 3242 01:49:16,001 --> 01:49:17,000 APPLY IN OTHER AREAS OF OUR 3243 01:49:17,001 --> 01:49:19,000 FEDERAL GOVERNMENT AS WELL. 3244 01:49:19,001 --> 01:49:20,000 SO, MADAM PRESIDENT, AGAIN, I 3245 01:49:20,001 --> 01:49:23,000 INK THAT THE WHOLE PURPOSE 3246 01:49:23,001 --> 01:49:25,000 BEHIND THIS AMENDMENT IS SIMPLY 3247 01:49:25,001 --> 01:49:28,000 TO CREATE 3248 01:49:28,001 --> 01:49:30,000 UNITED STATES SENATORS TO VOTE 3249 01:49:30,001 --> 01:49:31,000 FOR FISCAL RESPONSIBILITY, TO 3250 01:49:31,001 --> 01:49:33,000 VOTE FOR PAYING FOR THE THINGS 3251 01:49:33,001 --> 01:49:34,000 THAT WE SPEND MONEY ON HERE IN 3252 01:49:34,001 --> 01:49:36,000 WASHINGTON, TO VOTE FOR LIVING 3253 01:49:36,001 --> 01:49:38,000 WITHIN OUR MEANS, AND TO VOTE 3254 01:49:38,001 --> 01:49:39,000 FOR NOT ADDING BILLIONS AND 3255 01:49:39,001 --> 01:49:41,000 BILLIONS OF DOLLARS TO THE 3256 01:49:41,001 --> 01:49:43,000 FEDERAL DEBT, WHICH IS ALREADY 3257 01:49:43,001 --> 01:49:46,000 AT \$13 TRILLION AND GROWING BY THE DAY. 3258 01:49:46,001 --> 01:49:48,000 IT SEEMS TO ME, AT LEAST, THAT 3259 01:49:48,001 --> 01:49:49,000 THIS IS AN OPPORTUNITY FOR US TO 3260 01:49:49,001 --> 01:49:52,000 DEMONSTRATE THAT WE'RE SERIOUS 3261 01:49:52,001 --> 01:49:53,000 TO THE AMERICAN PEOPLE ABOUT 3262 01:49:53,001 --> 01:49:55,000 GETTING WASHINGTON SPENDING AND 3263 01:49:55,001 --> 01:49:57,000 DEBT UNDER CONTROL. 3264 01:49:57,001 --> 01:49:58,000 THIS AMENDMENT ADDRESSES THE 3265 01:49:58,001 --> 01:50:00,000 ISSUE OF UNEMPLOYMENT I 3266 01:50:00,001 --> 01:50:02,000 AND EXTENDI THAT, ADDRESSES 3267 01:50:02,001 --> 01:50:05,000 THE ISSUE OF EXPIRING TAX 3268 01:50:05,001 --> 01:50:06,000 PROVISIONS, REDUCES TAXES BY \$26 3269 01:50:06,001 --> 01:50:09,000 BILLION. 3270 01:50:09,001 --> 01:50:11,000 AND ADDRESSES THE IMPENDING CUT 3271 01:50:11,001 --> 01:50:12,000 IN PHYSICIAN REIMBURSEMENT THAT 3272 01:50:12,001 --> 01:50:14,000 WOULD OCCUR IF CONGRESS DOESN'T 3273 01:50:14,001 --> 01:50:16,000 TAKE STEPS, BUT DOES IT FOR TWO 3274 01:50:16,001 --> 01:50:17,000 YEARS LONGER THAN WHAT THE 3275 01:50:17,001 --> 01:50:19,000 MAJORITY'S LEGISLATION WOULD DO. 3276 01:50:19,001 --> 01:50:21,000 WE ADDRESS THAT UP TO THE END OF 3277 01:50:21,001 --> 01:50:23,000 THE YEAR 2012. 3278 01:50:23,001 --> 01:50:25,000 SO IT TAKES CARE OF ALL THOSE 3279 01:50:25,001 --> 01:50:26,000 THINGS AND DOES IT IN A FISCALLY 3280 01:50:26,001 --> 01:50:29,000 RESPONSIBLE WAY BY REDUCING 3281 01:50:29,001 --> 01:50:30,000 SPENDING BY \$100 BILLION, BY 3282 01:50:30,001 --> 01:50:31,000 REDUCING 3283 01:50:31,001 --> 01:50:33,000 LOW ON SMALL BUSINESS, WHICH ARE 3284 01:50:33,001 --> 01:50:34,000 THE JOB CREATORS IN OUR ECOMY. 3285 01:50:34,001 --> 01:50:37,000 AND ACCORDING TO THE 3286 01:50:37,001 --> 01:50:39,000 CONGRESSIONAL BUDGET OFFICE, 3287 01:50:39,001 --> 01:50:40,000 REDUCES THE FEDERAL DEBT BY \$68 BILLION. 3288 01:50:40,001 --> 01:50:41,000 THAT IS A WIN-WIN FOR THE 3289 01:50:41,001 --> 01:50:42,000 AMERICAN PEOPLE, FOR THE 3290 01:50:42,001 --> 01:50:44,000 AMERICAN TAXPAYER. 3291 01:50:44,001 --> 01:50:46,000 AND IT SHOULD BE A WIN-WIN FOR THE UNITED STATES SENATE. 3292 01:50:46,001 --> 01:50:47,000 I HOPE MY COLLEAGUES WILL 3293 01:50:47,001 --> 01:50:48,000 SUPPORT TS AMENDMENT. 3294 01:50:48,001 --> 01:50:53,000 WITH THAT, MADAM PRESIDENT, I 3295 01:50:53,001 --> 01:50:55,000 WOULD 3296 01:50:55,001 --> 01:50:56,000 TIME. 3297 01:50:56,001 --> 01:51:02,000 THE PRESIDING OFFICER: WHO 3298 01:51:02,001 --> 01:51:03,000 YIELDS TIME? 3299 01:51:03,001 --> 01:51:05,000 MR. THUNE: MADAM PRESIDENT, 3300 01:51:05,001 --> 01:51:06,000 CAN 3301 01:51:06,001 --> 01:51:07,000 TIME IS LEFT ON EACH SIDE? 3302 01:51:07,001 --> 01:51:09,000 THE PRESIDING OFFICER: THE 3303 01:51:09,001 --> 01:51:15,000 SENATOR FROM SOUTH DAKOTA HAS 6 3304 01:51:15,001 --> 01:51:18,000 MINUTES, AND THE MAJORITY HAS 34 3305 01:51:18,001 --> 01:51:20,000 MINUTES. 3306 01:51:20,001 --> 01:51:21,000 MR. BAUCUS: MADAM PRESIDENT, I 3307 01:51:21,001 --> 01:51:25,000 SUGGEST THE ABSENCE OF A QUORUM 3308 01:51:25,001 --> 01:51:26,000 AND ASK THAT THE TIME BE EQUALLY DIVIDED. 3309 01:51:26,001 --> 01:51:28,000 THE PRESIDING OFFICER: IS 3310 01:51:28,001 --> 01:51:36,000 THERE OBJECTION? WITHOUT OBJECTION, THE CLERK 3311 01:51:36,001 --> 01:51:39,000 WILL CALL THE 3312 01:51:39,001 --> 01:51:40,000 QUORUMMR. BAUCUS: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 3313 01:51:40,001 --> 01:51:41,000 SENATOR FROM MONTANA. 3314 01:51:41,001 --> 01:51:42,000 THE PRIDING OFFICER: THE 3315 01:51:42,001 --> 01:51:43,000 SENATE'S IN A QUORUM CALL. 3316 01:51:43,001 --> 01:51:45,000 MR BAUCUS: I THANK THE CHAIR. 3317 01:51:45,001 --> 01:51:46,000 I ASK THAT THE QUORUM CALL BE SUSPENDED. 3318 01:51:46,001 --> 01:51:49,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 3319 01:51:49,001 --> 01:51:52,000 MR. BAUCUS: MADAM PRESIDENT, I 3320 01:51:52,001 --> 01:51:54,000 MIGHT ASK THROUGH THE CHAIR, THE 3321 01:51:54,001 --> 01:51:55,000 SENATOR FROM SOUTH DAKOTA, 3322 01:51:55,001 --> 01:51:57,000 WHETHER HE WISHES TO RENEW HIS 3323 01:51:57,001 --> 01:51:58,000 REQUEST TO MODIFY HIS AMENDMENT. 3324 01:51:58,001 --> 01:51:59,000 I MIGHT TELL HIM THROUGH THE 3325 01:51:59,001 --> 01:52:00,000 CHAIR THAT THAT HAS BEEN CLEARED 3326 01:52:00,001 --> 01:52:02,000 ON THIS SIDE. 3327 01:52:02,001 --> 01:52:03,000 MR. THUNE: THANK YOU. THE PRESIDING OFFICER: THE 3328 01:52:03,001 --> 01:52:05,000 SENATOR FROM SOUTH DAKOTA. 3329 01:52:05,001 --> 01:52:07,000 MR. THUNE: I SAY THROUGH THE 3330 01:52:07,001 --> 01:52:10,000 CHAIR, MADAM PRESIDENT, THAT I 3331 01:52:10,001 --> 01:52:11,000 WILL RENEW THAT REQUEST TO SO 3332 01:52:11,001 --> 01:52:12,000 MODIFY MY AMENDMENT AND 3333 01:52:12,001 --> 01:52:13,000 APPRECIATE THE MANAGER ACCEPTING 3334 01:52:13,001 --> 01:52:15,000 THAT CHANGE. 3335 01:52:15,001 --> 01:52:17,000 THE PRESIDING OFFICER: WITHOUT 3336 01:52:17,001 --> 01:52:18,000 ANY OBJECTION, THE AMENDMENT IS 3337 01:52:18,001 --> 01:52:19,000 SO MODIFIED. 3338 01:52:19,001 --> 01:52:20,000 MR 3339 01:52:20,001 --> 01:52:21,000 THE PRESIDING OFFICER: THE 3340 01:52:21,001 --> 01:52:22,000 SENATOR FROM MONTANA. 3341 01:52:22,001 --> 01:52:23,000 MR. BAUCUS: MADAM PRESIDENT, I 3342 01:52:23,001 --> 01:52:24,000 HAVE TEN UNANIMOUS CONSENT 3343 01:52:24,001 --> 01:52:25,000 REQUESTS FOR COMMITTEES TO MEET 3344 01:52:25,001 --> 01:52:26,000 DURING TODAY'S S 3345 01:52:26,001 --> 01:52:27,000 SENATE 3346 01:52:27,001 --> 01:52:28,000 THEY HAVE THE APPROVAL OF THE 3347 01:52:28,001 --> 01:52:30,000 MAJORITY AND MINORITY LEADERS. 3348 01:52:30,001 --> 01:52:31,000 I ASK CONSENT THAT THESE 3349 01:52:31,001 --> 01:52:32,000 REQUESTS BE AGREED TO AND THAT 3350 01:52:32,001 --> 01:52:35,000 THE REQUESTS BE PRINTED IN THE RECORD. 3351 01:52:35,001 --> 01:52:36,000 THE PRESIDING OFFICER: WITHOUT 3352 01:52:36,001 --> 01:52:37,000 OBJECTION. 3353 01:52:37,001 --> 01:52:40,000 MR. BAUCUS: 3354 01:52:40,001 --> 01:52:42,000 ABSENCE OF A QUORUM EQUALLY DIVIDED. 3355 01:52:42,001 --> 01:52:50,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 3356 01:52:50,001 --> 01:59:16,000 THE CLERK WILL CALL THE 3357 01:59:16,001 --> 02:02:53,000 QUORUM CALL: 3358 02:02:53,001 --> 02:02:54,000 QUORUM CALL: 3359 02:02:54,001 --> 02:02:57,000 MR. BAUCUS: MADAM PRESIDENT, I 3360 02:02:57,001 --> 02:02:59,000 YIELD 10 MINUTES -- I ASK 3361 02:02:59,001 --> 02:03:01,000 CALL BE DISPENSED WITH. 3362 02:03:01,001 --> 02:03:02,000 THE PRESIDING OFFICER: 3363 02:03:02,001 --> 02:03:03,000 OBJECTION. 3364 02:03:03,001 --> 02:03:04,000 MR. BAUCUS: I YIELD 10 MINUTES 3365 02:03:04,001 --> 02:03:05,000 TO THE SENATOR FROM ARIZONA. 3366 02:03:05,001 --> 02:03:06,000 MR. KYL: MADAM PRESIDENT? 3367 02:03:06,001 --> 02:03:07,000 THE PRESIDING OFFICER: THE SENATOR FROM ARIZONA. 3368 02:03:07,001 --> 02:03:09,000 MR. KYL: TNK YOU. 3369 02:03:09,001 --> 02:03:11,000 FIRST LET ME THANK SENATOR 3370 02:03:11,001 --> 02:03:12,000 BAUCUS FOR YIELDING TIME THAT HE 3371 02:03:12,001 --> 02:03:13,000 HAS FOR ME TO SPEAK AND I 3372 02:03:13,001 --> 02:03:15,000 APPRECIATE THAT VERY MUCH. 3373 02:03:15,001 --> 02:03:18,000 I WANT TO SUPPORT THE THUNE AMENDMENT. 3374 02:03:18,001 --> 02:03:19,000 THE THUNE AMENDMENT IS A 3375 02:03:19,001 --> 02:03:20,000 RESPONSIBLE APPROACH BOTH TO THE 3376 02:03:20,001 --> 02:03:22,000 THINGS THAT WE NEED TO DO BUT 3377 02:03:22,001 --> 02:03:24,000 ALSO THE FACT THAT THEY NEED TO 3378 02:03:24,001 --> 02:03:26,000 BE OFFSET IN WAYS THAT DO NOT 3379 02:03:26,001 --> 02:03:27,000 ADD TO OUR DEFICIT OR RAISE 3380 02:03:27,001 --> 02:03:29,000 TAXES. 3381 02:03:29,001 --> 02:03:30,000 IT INCLUDES ALL OF THE MAJOR 3382 02:03:30,001 --> 02:03:33,000 PRIORITIES THAT HAVE BEEN 3383 02:03:33,001 --> 02:03:36,000 ACCEPTED BY BOTH SIDES HERE, BY 3384 02:03:36,001 --> 02:03:38,000 THE DEMOCRATIC PARTIES' VERSION 3385 02:03:38,001 --> 02:03:40,000 OF THE EXTENDERS BILL AS WELL AS 3386 02:03:40,001 --> 02:03:43,000 THINGS THAT THE REPUBLICANS WISH 3387 02:03:43,001 --> 02:03:44,000 TO DO, BUT IT'S FULLY PAID FOR. 3388 02:03:44,001 --> 02:03:46,000 IT CUTS WASTEFUL SPENDING AND 3389 02:03:46,001 --> 02:03:49,000 DOESN'T RAISE A DIME IN TAXES. 3390 02:03:49,001 --> 02:03:50,000 THE UNDERLYING PROPOSAL THAT THE 3391 02:03:50,001 --> 02:03:52,000 CHAIRMAN OF THE COMMITTEE 3392 02:03:52,001 --> 02:03:55,000 PRESENTED TO US WOULD INCREASE 3393 02:03:55,001 --> 02:03:57,000 SPENDING BY \$126 BILLION. 3394 02:03:57,001 --> 02:03:58,000 IT INCLUDES \$70 BILLION IN NEW 3395 02:03:58,001 --> 02:04:01,000 TAXES AND THAT IS FEAT TAX 3396 02:04:01,001 --> 02:04:04,000 INCREASE OF \$48 BILLION AND 3397 02:04:04,001 --> 02:04:05,000 INCREASES THE DEFICI 3398 02:04:05,001 --> 02:04:06,000 BY \$79 BILLION OVER THE NEXT 10 3399 02:04:06,001 --> 02:04:08,000 YEARS AND THAT'S THE APPROACH 3400 02:04:08,001 --> 02:04:10,000 THAT WE THINK IS WRONG HERE. 3401 02:04:10,001 --> 02:04:12,000 AND THAT'S WHY SENATOR THUNE HAS 3402 02:04:12,001 --> 02:04:13,000 PROPOSED AN ALTERNATIVE THAT 3403 02:04:13,001 --> 02:04:15,000 WE'LL BE VOTING ON HERE IN 25 3404 02:04:15,001 --> 02:04:16,000 MINUTES THAT I THINK TAKES THE 3405 02:04:16,001 --> 02:04:21,000 RRECT APPROAC 3406 02:04:21,001 --> 02:04:24,000 IT CUTS TAXES BY \$26 BILLION BY EXTENDING CURRENT LAW. 3407 02:04:24,001 --> 02:04:25,000 IT CUTS SPENDING 3408 02:04:25,001 --> 02:04:28,000 OVER \$100 BILLION AND IT 3409 02:04:28,001 --> 02:04:29,000 ACTUALLY REDUCES THE DEFICIT B 3410 02:04:29,001 --> 02:04:32,000 BY \$55 BILLION, ALL ACCORDING TO 3411 02:04:32,001 --> 02:04:34,000 THE CONGRESSIONAL BUDGE 3412 02:04:34,001 --> 02:04:36,000 WHICH, OF COURSE, IS NONPARTISAN. 3413 02:04:36,001 --> 02:04:38,000 I WANT TO ADD A POINT HERE ABOUT 3414 02:04:38,001 --> 02:04:41,000 THE NOTION OF OFFSETTING 3415 02:04:41,001 --> 02:04:43,000 SPENDING INCREASES OR SO-CALLED 3416 02:04:43,001 --> 02:04:46,000 PAYING FOR THOSE -- THOSE INCREASE 3417 02:04:46,001 --> 02:04:48,000 THERE ARE A COUPLE OF THINGS 3418 02:04:48,001 --> 02:04:50,000 DONE IN THE BAUCUS SUBSTITUTE 3419 02:04:50,001 --> 02:04:53,000 THAT I THINK NEED TO BE POINTED 3420 02:04:53,001 --> 02:04:55,000 OUT HERE BECAUSE THEY ARE NOT AN 3421 02:04:55,001 --> 02:05:00,000 APPROPRIATE WAY TO OFFSET THE 3422 02:05:00,001 --> 02:05:04,000 COSTS OF SPENDINGE UNDER THE BILL. 3423 02:05:04,001 --> 02:05:06,000 ONE OF THEM, WE TAKE THE OIL 3424 02:05:06,001 --> 02:05:07,000 SPILL TRUST FUND THAT IS 3425 02:05:07,001 --> 02:05:10,000 SUPPOSED TO CONTA MONEY IN IT 3426 02:05:10,001 --> 02:05:12,000 TO TAKE CARE OF OIL SPILLS 3427 02:05:12,001 --> 02:05:13,000 BRITISH PETROLEUM'S MONEY RUNS 3428 02:05:13,001 --> 02:05:16,000 OUT AND HAVE THE GOVERNMENT 3429 02:05:16,001 --> 02:05:17,000 ASSIST IN CLEANING UP AN OIL 3430 02:05:17,001 --> 02:05:19,000 SPILL. 3431 02:05:19,001 --> 02:05:22,000 THAT TRUST FUND IS SUPPOSED TO 3432 02:05:22,001 --> 02:05:24,000 EXIST FOR THAT PURPOSE, TO CLEAN UP THE OIL SPILL. 3433 02:05:24,001 --> 02:05:26,000 IT IS EIGHT CENTS PER BARREL FOR 3434 02:05:26,001 --> 02:05:27,000 THE COMPANIES TO PAY INTO THAT 3435 02:05:27,001 --> 02:05:28,000 FUND. 3436 02:05:28,001 --> 02:05:32,000 AND UNDER THE BAUCUS SUBSTITUTE 3437 02:05:32,001 --> 02:05:33,000 THAT WOULD BE RAISED TO 49 CENTS 3438 02:05:33,001 --> 02:05:35,000 PER BARREL. 3439 02:05:35,001 --> 02:05:37,000 IT MAY WELL BE THAT WE NEED TO 3440 02:05:37,001 --> 02:05:39,000 RAISE THE TAX ON THE OIL 3441 02:05:39,001 --> 02:05:41,000 COMPANIES TO PAY FOR THE TRUST 3442 02:05:41,001 --> 02:05:42,000 FUND ON THE OIL SPILLS. 3443 02:05:42,001 --> 02:05:44,000 BUT THAT'S WHAT IT SHOULD BE 3444 02:05:44,001 --> 02:05:46,000 RAISED FOR, FOR THE OIL SPILLS, 3445 02:05:46,001 --> 02:05:47,000 NOT SOMETHING TOTALLY 3446 02:05:47,001 --> 02:05:49,000 IN THIS LEGISLATION. 3447 02:05:49,001 --> 02:05:50,000 BECAUSE IF WE DO THAT, WHEN IT 3448 02:05:50,001 --> 02:05:52,000 COMES TIME TO TAP THE TRUST FUND 3449 02:05:52,001 --> 02:05:53,000 TO PAY FOR THE OIL SPILL, THE 3450 02:05:53,001 --> 02:05:56,000 MONEY'S ALREADY BEEN SPENT ON 3451 02:05:56,001 --> 02:05:57,000 THINGS FOR OTHER THAN FOR WHAT 3452 02:05:57,001 --> 02:05:58,000 WE RAISED THE MONEY FOR IN THE 3453 02:05:58,001 --> 02:05:59,000 FIRST PLACE. 3454 02:05:59,001 --> 02:06:03,000 SO THAT IS NOT AN APPROPRIATE 3455 02:06:03,001 --> 02:06:05,000 WAY TO PAY FOR PART OF THIS LEGISLATION. 3456 02:06:05,001 --> 02:06:08,000 AND THE SECOND THING IS -- IS 3457 02:06:08,001 --> 02:06:11,000 REALLY A -- THI IS PUTTING OFF 3458 02:06:11,001 --> 02:06:13,000 A PROBLEM IN THE FUTURE IN ORDER 3459 02:06:13,001 --> 02:06:15,000 TO TAKE CARE OF A MORE IMMEDIATE NEED. 3460 02:06:15,001 --> 02:06:18,000 AND IT HAS TO DO WITH THE FACT, 3461 02:06:18,001 --> 02:06:19,000 OF COURSE, THAT WE HAVE TO PAY 3462 02:06:19,001 --> 02:06:20,000 PHYSICIANS WHO TAKE CARE OF 3463 02:06:20,001 --> 02:06:22,000 MEDICARE PATIENTS. 3464 02:06:22,001 --> 02:06:24,000 THIS SHOULD HAVE BEEN ADDRESSED 3465 02:06:24,001 --> 02:06:26,000 IN THE HEALTH CARE LEGISLATION, BUT OF IT NOT. 3466 02:06:26,001 --> 02:06:27,000 AS A RESULT ALL OF THE PAYMENT 3467 02:06:27,001 --> 02:06:31,000 FOR PHYSICIANS UNDER MEDICARE 3468 02:06:31,001 --> 02:06:33,000 A LATER TIME. 3469 02:06:33,001 --> 02:06:34,000 WELL, NOW IS THE LATER TIME 3470 02:06:34,001 --> 02:06:36,000 EXCEPT WE DON'T WANT TO DO IT 3471 02:06:36,001 --> 02:06:38,000 NOW EITHER APPARENTLY. 3472 02:06:38,001 --> 02:06:40,000 THE PAYMENT FOR MEDICARE HAS 3473 02:06:40,001 --> 02:06:42,000 ALREADY EXPIRED SO THERE IS NOT 3474 02:06:42,001 --> 02:06:43,000 ENOUGH MONEY AND HASN'T BEEN 3475 02:06:43,001 --> 02:06:45,000 ENOUGH MONEY FOR THE PAST COUPLE 3476 02:06:45,001 --> 02:06:47,000 OF WEEKS TO PAY DOCTORS TO TAKE 3477 02:06:47,001 --> 02:06:49,000 CARE OF MEDICARE PATIENTS SO 3478 02:06:49,001 --> 02:06:51,000 WE'RE SIMPLY HOLDING THEIR BILLS. 3479 02:06:51,001 --> 02:06:53,000 BUT WITHIN THE NEXT FEW DAYS 3480 02:06:53,001 --> 02:06:57,000 WE'RE GOING TO HAVE TO 3481 02:06:57,001 --> 02:06:58,000 SOMETHING THAT ALLOWS PAYMENT OF 3482 02:06:58,001 --> 02:06:59,000 THOSE DOCTOR FEES TO TAKE 3483 02:06:59,001 --> 02:07:01,000 OF MEDICARE PATIENTS. 3484 02:07:01,001 --> 02:07:04,000 WELL, THE IDEA HERE WAS TO TRY 3485 02:07:04,001 --> 02:07:06,000 TO GET THAT TO AT LEAST A TWO OR 3486 02:07:06,001 --> 02:07:08,000 THREE-YEAR PERIOD OR 3487 02:07:08,001 --> 02:07:10,000 VERSION COMING FROM THE 3488 02:07:10,001 --> 02:07:11,000 DEMOCRATIC SIDE I THINK WAS 18 3489 02:07:11,001 --> 02:07:13,000 MONTHS OR SO AND THE IDEA HERE 3490 02:07:13,001 --> 02:07:15,000 IS TO TRY TO DEAL WITH THAT 3491 02:07:15,001 --> 02:07:16,000 PROBLEM SO WE DON'T HAVE TO COME 3492 02:07:16,001 --> 02:07:18,000 BACK AND KEEP DEALING WITH IT 3493 02:07:18,001 --> 02:07:21,000 EVERY COUPLE OF MONTHS OR SO. 3494 02:07:21,001 --> 02:07:23,000 AS I UNDERSTAND THE LATEST 3495 02:07:23,001 --> 02:07:25,000 PROPOSAL WE'RE NOW ONLY GOING TO 3496 02:07:25,001 --> 02:07:26,000 DEAL WITH THAT THROUGH OR TO 3497 02:07:26,001 --> 02:07:28,000 NOVEMBER OF THIS YEAR. 3498 02:07:28,001 --> 02:07:30,000 SO CLEARLY RIGHT AFTER THE 3499 02:07:30,001 --> 02:07:33,000 ELECTION WE'RE GOING TO HAVE TO 3500 02:07:33,001 --> 02:07:35,000 COME BACK IN A LAME DUCK 3501 02:07:35,001 --> 02:07:37,000 SESSION, THAT WILL MAKE CERTAIN 3502 02:07:37,001 --> 02:07:39,000 THAT WE HAVE A LAME DUCK SESSION 3503 02:07:39,001 --> 02:07:40,000 BECAUSE WE'LLAVE TO ACT ON IT AGAIN. 3504 02:07:40,001 --> 02:07:42,000 Y WOULD WE DO IT THAT WAY? 3505 02:07:42,001 --> 02:07:43,000 IT'S NOT THE RESPONSIBLE WAY TO 3506 02:07:43,001 --> 02:07:44,000 DO I OBVIOUS 3507 02:07:44,001 --> 02:07:45,000 IT'S TO REDUCE THE COST OF THE 3508 02:07:45,001 --> 02:07:47,000 LEGISLATION HERE SO THAT WE 3509 02:07:47,001 --> 02:07:49,000 DON'T HAV 3510 02:07:49,001 --> 02:07:51,000 THE WAY OF -- OF OFFSETS. 3511 02:07:51,001 --> 02:07:53,000 AND I -- I APPRECIATE THE FACT 3512 02:07:53,001 --> 02:07:55,000 THAT WE'RE TRYING TO REDUCE THE 3513 02:07:55,001 --> 02:07:57,000 SIZE OF THE BILL, BUT WE'RE ONLY 3514 02:07:57,001 --> 02:07:58,000 FOOLING OURSELVES BY REDUCING 3515 02:07:58,001 --> 02:07:59,000 THIS PARTICULAR ELEMENT OF THE BILL. 3516 02:07:59,001 --> 02:08:01,000 WE OUGHT TO BE REDUCING OTHER 3517 02:08:01,001 --> 02:08:02,000 ELEMENTS OF THIS LEGISLATION 3518 02:08:02,001 --> 02:08:03,000 RATHER THAN THE PHYSICIAN 3519 02:08:03,001 --> 02:08:05,000 PAYMENTS BECAUSE WE KNOW THAT 3520 02:08:05,001 --> 02:08:08,000 THOSE BILLS ARE GOING TO COME 3521 02:08:08,001 --> 02:08:09,000 DUE AND WE'RE SIMPLY 3522 02:08:09,001 --> 02:08:11,000 THE INEVITABLE. 3523 02:08:11,001 --> 02:08:12,000 THE FINAL POINT OF CRITICISM OF 3524 02:08:12,001 --> 02:08:14,000 THE CHAIRMAN'S BILL, MADAM 3525 02:08:14,001 --> 02:08:19,000 PRESIDENT, IS THE 3526 02:08:19,001 --> 02:08:20,000 DEALS WITH SOMETHING CALLED SCORP. 3527 02:08:20,001 --> 02:08:22,000 THESE ARE GENERALLY SMALL 3528 02:08:22,001 --> 02:08:26,000 BUSINESSES RUN BY AN INDIVIDUAL, 3529 02:08:26,001 --> 02:08:28,000 A DOCTOR, A LAWYER, ACAN'T 3530 02:08:28,001 --> 02:08:30,000 WHO -- ACCOUNTANT WHO HAS A 3531 02:08:30,001 --> 02:08:32,000 COUPLE OF EMPLOYEES WE'RE TRYING 3532 02:08:32,001 --> 02:08:34,000 TO RAISE -- NOT WE, THE MAJORITY 3533 02:08:34,001 --> 02:08:35,000 IS TRYING TO RAISE MONEY BY 3534 02:08:35,001 --> 02:08:37,000 CHANGING THE TAX TREATMENT FOR 3535 02:08:37,001 --> 02:08:38,000 THESE PARTICULAR LEGAL ENTITIES 3536 02:08:38,001 --> 02:08:40,000 IN ORDER TO DO WHAT? 3537 02:08:40,001 --> 02:08:43,000 TO RAISE \$11 BILLION. 3538 02:08:43,001 --> 02:08:44,000 WELL, I SUBMIT, MADAM PRESIDENT, 3539 02:08:44,001 --> 02:08:47,000 THAT RATHER THAN TRYING TO FIND 3540 02:08:47,001 --> 02:08:49,000 A WAY TO RAISE \$11 BILLION, AND 3541 02:08:49,001 --> 02:08:51,000 INHIS PARTICULAR CASE, IT 3542 02:08:51,001 --> 02:08:52,000 DOESN'T WORK, WE OUGHT TO BE 3543 02:08:52,001 --> 02:08:55,000 REDUCING THE COST OF THE 3544 02:08:55,001 --> 02:08:57,000 LEGISLATION 3545 02:08:57,001 --> 02:08:58,000 FINDING OFFSETS SUCHS SENATOR 3546 02:08:58,001 --> 02:09:00,000 THUNE HAS FOUND IN HIS 3547 02:09:00,001 --> 02:09:01,000 LEGISLATION THAT DON'T R 3548 02:09:01,001 --> 02:09:05,000 BAD TAX POLICY. 3549 02:09:05,001 --> 02:09:06,000 THE NET RESULT IS THAT WITH ALL 3550 02:09:06,001 --> 02:09:08,000 DUE RESPECT TO THE CHAIRMAN AND, 3551 02:09:08,001 --> 02:09:11,000 AGAIN, I TNK HIM FOR YIELDING 3552 02:09:11,001 --> 02:09:12,000 HIS TIME SO I CAN SPEAK AGAINST 3553 02:09:12,001 --> 02:09:13,000 HIS LEGISLATION, I DON'T THINK 3554 02:09:13,001 --> 02:09:15,000 IT'S THE RIGHT APPROACH HERE AND 3555 02:09:15,001 --> 02:09:16,000 I THINK WE'RE GOING TO HAVE TO 3556 02:09:16,001 --> 02:09:18,000 GO BACK AND GET THIS RIGHT OR 3557 02:09:18,001 --> 02:09:20,000 WE'RE NOT GOING TO BE ABLE TO 3558 02:09:20,001 --> 02:09:21,000 MOVE FORWA OR TO PROCEED TO 3559 02:09:21,001 --> 02:09:22,000 THE CONSIDERATION OF HIS 3560 02:09:22,001 --> 02:09:25,000 PROPOSAL. 3561 02:09:25,001 --> 02:09:26,000 I THINK A BETTER APPROACH IS THE 3562 02:09:26,001 --> 02:09:28,000 THUNE PROPOSAL. 3563 02:09:28,001 --> 02:09:30,000 AS I SAID, WE'LL HAVE A CHANCE 3564 02:09:30,001 --> 02:09:31,000 TO VOTE ON THAT IN A MOMENT. 3565 02:09:31,001 --> 02:09:34,000 I WOULD HOPE MY COLLEAGUES WOULD 3566 02:09:34,001 --> 02:09:35,000 SUPPORT THE THUNE PROSAL AS 3567 02:09:35,001 --> 02:09:37,000 MORE FISCALLY PRUDENT, NOT 3568 02:09:37,001 --> 02:09:39,000 ADDING TO THE DEFICIT, NOT 3569 02:09:39,001 --> 02:09:40,000 INCREASING TAXES AND NOT MAKING 3570 02:09:40,001 --> 02:09:42,000 BAD TAX POLICY. 3571 02:09:42,001 --> 02:09:43,000 MADAM PRESIDENT, AGAIN, I THANK 3572 02:09:43,001 --> 02:09:45,000 MY COLLEAGUE FOR YIELDING HIS 3573 02:09:45,001 --> 02:09:46,000 TIME AND WOU ABSENCE OF A QUORUM. 3574 02:09:46,001 --> 02:09:52,000 THE PRESIDING OFFICER: THE CLERK 3575 02:09:52,001 --> 02:09:54,000 WILL CALL THE ROLL. 3576 02:09:54,001 --> 02:09:56,000 MR. BAUCUS: MADAM PRESIDENT, I 3577 02:09:56,001 --> 02:09:57,000 ASK THAT THE QUORUM CALL BE DISPENSED WITH. 3578 02:09:57,001 --> 02:09:58,000 THE PRESIDING OFFICER: WITHOUT 3579 02:09:58,001 --> 02:10:01,000 OBJECTION. MR. BAUCUS: HOW MUCH TIME IS 3580 02:10:01,001 --> 02:10:03,000 LEFT ON EACH SIDE? 3581 02:10:03,001 --> 02:10:05,000 THE PRESIDING OFFICER: 20 3582 02:10:05,001 --> 02:10:06,000 MINUTES, 40 SECONDS. 3583 02:10:06,001 --> 02:10:09,000 MR. BAUCUS: 20 MINUTES, 40 3584 02:10:09,001 --> 02:10:10,000 SECONDS ON OUR SIDE, 3585 02:10:10,001 --> 02:10:11,000 OTHER SIDE? 3586 02:10:11,001 --> 02:10:13,000 THE PRESIDING OFFICER: CORRECT. 3587 02:10:13,001 --> 02:10:14,000 MR. BAUCUS: THANK YOU. 3588 02:10:14,001 --> 02:10:15,000 I SUGGEST THE ABSENCE OF A 3589 02:10:15,001 --> 02:10:29,000 QUORUM. THE PRESIDING OFFICER: THE CLERK 3590 02:10:29,001 --> 02:14:04,000 WILL CALL THE ROLL. 3591 02:14:04,001 --> 02:14:52,000 QUORUM CALL: 3592 02:14:52,001 --> 02:14:53,000 QUORUM CALL: 3593 02:14:53,001 --> 02:14:54,000 THE PRESIDING OFFICER: THE 3594 02:14:54,001 --> 02:14:55,000 SENATOR FROM SOUTH DAKOTA. 3595 02:14:55,001 --> 02:14:56,000 MR. THUNE: MADAM PRESIDENT, I 3596 02:14:56,001 --> 02:14:58,000 ASK UNANIMOUS CONSENT THAT THE 3597 02:14:58,001 --> 02:14:59,000 QUORUM CALL BE DISPENSED WITH. 3598 02:14:59,001 --> 02:15:00,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 3599 02:15:00,001 --> 02:15:01,000 MR. THUNE: MADAM PRESIDENT, MY 3600 02:15:01,001 --> 02:15:02,000 UNDERSTANDING IS THAT WE ARE 3601 02:15:02,001 --> 02:15:04,000 HEADED TOWARD A NOON VOTE, 3602 02:15:04,001 --> 02:15:06,000 PERHAPS A LITTLE BIT AHEAD OF THAT. 3603 02:15:06,001 --> 02:15:07,000 I WOULD ASK UNANIMOUS CONSENT TO 3604 02:15:07,001 --> 02:15:10,000 HAVE ABOUT THREE MINUTES TO 3605 02:15:10,001 --> 02:15:11,000 CLOSE THE DEBATE ON OUR 3606 02:15:11,001 --> 02:15:12,000 THE PRESIDING OFFICER: IS THERE 3607 02:15:12,001 --> 02:15:13,000 OBJECTION? 3608 02:15:13,001 --> 02:15:14,000 MR. BAUCUS: RESERVING THE RIGHT 3609 02:15:14,001 --> 02:15:16,000 TO OBJECT, MADAM PRESIDENT, 3610 02:15:16,001 --> 02:15:18,000 ACTUALLY, I THINK WE'RE GOING TO 3611 02:15:18,001 --> 02:15:20,000 PROBABLY VOTE EARLIER THAN THAT. 3612 02:15:20,001 --> 02:15:22,000 I WAS JUST WONDERING IF MY -- 3613 02:15:22,001 --> 02:15:25,000 HOW MUCH TIME IS REMAINING ON 3614 02:15:25,001 --> 02:15:26,000 THE OTHER SIDE, I MIGHT ASK THE 3615 02:15:26,001 --> 02:15:27,000 CHAIR. 3616 02:15:27,001 --> 02:15:28,000 THE PRESIDING OFFICER: ZERO 3617 02:15:28,001 --> 02:15:30,000 MINUTES. 3618 02:15:30,001 --> 02:15:31,000 MR. BAUCUS: NO TIME LEFT ON THE 3619 02:15:31,001 --> 02:15:33,000 SIDE IN WHICH TO SPEAK IN FAVOR 3620 02:15:33,001 --> 02:15:35,000 OF THE AMENDMENT. THE PRESIDING OFFICER: 15 3621 02:15:35,001 --> 02:15:36,000 MINUTES ON YOUR SIDE. 3622 02:15:36,001 --> 02:15:37,000 THE MAJORITY SIDE. 3623 02:15:37,001 --> 02:15:39,000 MR. BAUCUS: NO TIME REMAINING ON 3624 02:15:39,001 --> 02:15:40,000 THE SIDE OF THOSE WHO WISH TO 3625 02:15:40,001 --> 02:15:42,000 SPEAK. 3626 02:15:42,001 --> 02:15:44,000 THERE ARE ABOUT 15 MINUTES LEFT, 3627 02:15:44,001 --> 02:15:48,000 REMAINING ON THIS SIDE. 3628 02:15:48,001 --> 02:15:49,000 I WONDER IF MY FRIEND FROM SOUTH 3629 02:15:49,001 --> 02:15:50,000 DAKOTA WHO WISHES TO SPEAK IN 3630 02:15:50,001 --> 02:15:52,000 FAVOR OF 3631 02:15:52,001 --> 02:15:54,000 THOUGH HIS TIME HAS EXPIRED MAY 3632 02:15:54,001 --> 02:15:56,000 WANT TO SPEAK FAVORABLY ABOUT 3633 02:15:56,001 --> 02:15:57,000 THE BAUCUS SUBSTITUTE, OR IF HE 3634 02:15:57,001 --> 02:15:58,000 WISHES TO SPEAK ON HIS OWN 3635 02:15:58,001 --> 02:16:00,000 AMENDMENT, MAYBE HE COULD POINT 3636 02:16:00,001 --> 02:16:03,000 OUT SOME OF THE GOOD POINTS OF THE BAUCUS SUBSTITUTE AT THE 3637 02:16:03,001 --> 02:16:06,000 SAME TIME. 3638 02:16:06,001 --> 02:16:08,000 OTHERWISE, I HAVE NO OBJECTION, 3639 02:16:08,001 --> 02:16:10,000 MADAM PRESIDENT. 3640 02:16:10,001 --> 02:16:12,000 I MUST BE FAIR TO MY SIDE, TOO, 3641 02:16:12,001 --> 02:16:14,000 AND GIVEN THE TIME CONSTRAINTS, 3642 02:16:14,001 --> 02:16:15,000 I CAN ONLY GIVE, SAY, TWO AND A 3643 02:16:15,001 --> 02:16:16,000 HALF MINUTES. 3644 02:16:16,001 --> 02:16:20,000 MR. TH THANK YOU. 3645 02:16:20,001 --> 02:16:22,000 I WILL PROCEED ACCORDINGLY AND 3646 02:16:22,001 --> 02:16:24,000 TRY TO CONCLUDE THIS IN TWO AND 3647 02:16:24,001 --> 02:16:26,000 THAT UNFORTUNATELY DOESN'T GIVE 3648 02:16:26,001 --> 02:16:27,000 ME ENOUGH TIME 3649 02:16:27,001 --> 02:16:28,000 THINGS ABOUT THE SENATOR FROM 3650 02:16:28,001 --> 02:16:31,000 MONTANA'S AMENDMENT. 3651 02:16:31,001 --> 02:16:32,000 BUT I D WANT TO CLOSE THE 3652 02:16:32,001 --> 02:16:35,000 DEBATE ON THIS AMENDMENT, MADAM 3653 02:16:35,001 --> 02:16:37,000 PRESIDENT, BY SAYING THAT I DO 3654 02:16:37,001 --> 02:16:39,000 THINK THAT WE -- THIS PRESENTS 3655 02:16:39,001 --> 02:16:42,000 US A VERY CLEAR CHOICE ABOUT HOW 3656 02:16:42,001 --> 02:16:43,000 TO ACCOMPLISH WHAT THIS 3657 02:16:43,001 --> 02:16:45,000 LEGISLATION STRIVES TO 3658 02:16:45,001 --> 02:16:46,000 ACCOMPLISH, AND THAT IS, AS WE 3659 02:16:46,001 --> 02:16:48,000 HAVE ALL TALKED ABOUT, SOMETHING 3660 02:16:48,001 --> 02:16:50,000 I THINK BOTH SIDES HERE AGREE 3661 02:16:50,001 --> 02:16:52,000 ON, DEMOCTS AND REPUBLICANS, EXTENDING UNEMPLOYMENT BENEFITS 3662 02:16:52,001 --> 02:16:56,000 TO THOSE WHO HAVE LOST JOBS, 3663 02:16:56,001 --> 02:16:57,000 EXTENDING 3664 02:16:57,001 --> 02:16:59,000 EXPIRING TAX PROVISIONS THAT ARE 3665 02:16:59,001 --> 02:17:00,000 CURRENTLY IN LAW, MANY LIKE THE 3666 02:17:00,001 --> 02:17:01,000 RESEARCH AND DEVELOPMENT TAX 3667 02:17:01,001 --> 02:17:02,000 CREDIT THAT ARE IMPORTANT TO OUR 3668 02:17:02,001 --> 02:17:04,000 ECONOMY AND TO OUR 3669 02:17:04,001 --> 02:17:06,000 COMPETITIVENESS, AND FINALLY TO 3670 02:17:06,001 --> 02:17:11,000 TO -- TO MAKING SURE THAT THE 3671 02:17:11,001 --> 02:17:13,000 PHYSICIAN REIMBURSEMENTS UNDER 3672 02:17:13,001 --> 02:17:14,000 MEDICARE DOESN'T GO INTO EFFECT. 3673 02:17:14,001 --> 02:17:15,000 SO THOSE ARE BASICALLY THE 3674 02:17:15,001 --> 02:17:16,000 ELEMENTS THAT WE'RE TALKING 3675 02:17:16,001 --> 02:17:18,000 ABOUT HERE TODAY IN TERMS OF THE 3676 02:17:18,001 --> 02:17:19,000 THINGS THAT WE'RE TRYING TO GET DONE. 3677 02:17:19,001 --> 02:17:21,000 THE DIFFERENCE, MADAM PRESIDENT, 3678 02:17:21,001 --> 02:17:24,000 OCCURS AS TO HOW WE WOULD 3679 02:17:24,001 --> 02:17:26,000 PROPOSE PAYING FOR 3680 02:17:26,001 --> 02:17:28,000 AND THE DEMOCRAT MAJORITY HAS 3681 02:17:28,001 --> 02:17:30,000 PUT FORWARD THEIR PROPOSAL WHICH 3682 02:17:30,001 --> 02:17:31,000 DOES INCLUDE TAX INCREASES, 3683 02:17:31,001 --> 02:17:32,000 ABOUT \$50 BILLION NOW AND THE 3684 02:17:32,001 --> 02:17:33,000 CURRENT VERSION OF IT IN TAX 3685 02:17:33,001 --> 02:17:36,000 INCREASES. 3686 02:17:36,001 --> 02:17:38,000 IT DOES RAISE THE DEBT BY ABOUT \$50 BILLION. 3687 02:17:38,001 --> 02:17:39,000 ADDS MORE ONTO THE FEDERAL DEBT, 3688 02:17:39,001 --> 02:17:41,000 NOTWITHSTANDING THE COMMITMENT 3689 02:17:41,001 --> 02:17:42,000 TO PAY FOR THINGS UNDER THE 3690 02:17:42,001 --> 02:17:44,000 PAYGO RULES THAT WERE ENACTED 3691 02:17:44,001 --> 02:17:46,000 HERE IN THE SENATE, AND IT DOES 3692 02:17:46,001 --> 02:17:47,000 INCREASE SPENDING SUBSTANTIALLY. 3693 02:17:47,001 --> 02:17:49,000 WHAT I AM OFFERING UP AS AN 3694 02:17:49,001 --> 02:17:51,000 ALTERNATIVE FOR SENATORS TO VOTE 3695 02:17:51,001 --> 02:17:52,000 ON IS AN APPROACH THAT IS VERY 3696 02:17:52,001 --> 02:17:55,000 DIFFENT. 3697 02:17:55,001 --> 02:17:56,000 IT REDUCES TAXES, THERE A NO 3698 02:17:56,001 --> 02:17:57,000 TAX INCREASES IN IT. 3699 02:17:57,001 --> 02:17:59,000 THE TAX REDUCTIONS THAT OCCUR 3700 02:17:59,001 --> 02:18:03,000 BECAUSE OF EXTENDING EXISTING 3701 02:18:03,001 --> 02:18:05,000 TAX LAW ACTUALLY REDUCE TAXES BY \$26 BILLION. 3702 02:18:05,001 --> 02:18:07,000 IT REDUCES THE FEDERAL DEBT, ACCORDING TO THE CONGRESSIONAL 3703 02:18:07,001 --> 02:18:10,000 BUDGET OFFICE, BY \$68 BILLION. 3704 02:18:10,001 --> 02:18:11,000 AND IT REDUCES SPENDING 3705 02:18:11,001 --> 02:18:12,000 BY \$100 BILLION. 3706 02:18:12,001 --> 02:18:13,000 AS I SAID EARLIER, MADAM 3707 02:18:13,001 --> 02:18:14,000 PRESIDENT, I THINK IT'S REALLY 3708 02:18:14,001 --> 02:18:15,000 IMPORTANT THAT THE FEDERAL 3709 02:18:15,001 --> 02:18:18,000 GOVERNMENT GO ON A DIET. 3710 02:18:18,001 --> 02:18:20,000 WE HAVE 3711 02:18:20,001 --> 02:18:22,000 KINDS OF ISSUES AND AMERICANS 3712 02:18:22,001 --> 02:18:23,000 ACROSS THIS COUNTRY HAVE LOST 3713 02:18:23,001 --> 02:18:25,000 JOBS, UNEMPLOYMENT IS AT A HIGH RATE. 3714 02:18:25,001 --> 02:18:27,000 PEOPLE ARE HAVING TO MAKE DECISIONS. 3715 02:18:27,001 --> 02:18:28,000 THERE HAS BEEN LOSS OF INCOME. 3716 02:18:28,001 --> 02:18:29,000 THEY ARE REDUCING THEIR PERSONAL 3717 02:18:29,001 --> 02:18:30,000 BUDGETS, THEIR FAMILY BUDGETS, 3718 02:18:30,001 --> 02:18:31,000 THEIR BUSINESS BUDGETS. 3719 02:18:31,001 --> 02:18:33,000 HERE IN WASHINGTON, D.C., WE 3720 02:18:33,001 --> 02:18:34,000 CONTINUE TO SPEND AND SPEND AND 3721 02:18:34,001 --> 02:18:35,000 SPEND LIKE THERE IS NO TOMORROW 3722 02:18:35,001 --> 02:18:37,000 AND HAND THE CREDIT C 3723 02:18:37,001 --> 02:18:39,000 HAND THE BILL TO FUTUR GENERATIONS. 3724 02:18:39,001 --> 02:18:40,000 AND SO THIS IS THE -- THIS IS 3725 02:18:40,001 --> 02:18:42,000 THE DEBATE. 3726 02:18:42,001 --> 02:18:44,000 IT'S A CLEAR DIFFERENCE IN 3727 02:18:44,001 --> 02:18:46,000 APPROACH, AND I HOPE THAT MY 3728 02:18:46,001 --> 02:18:47,000 COLLEAGUES WILL VOTE IN FAVOR OF 3729 02:18:47,001 --> 02:18:50,000 FISCAL RESPONSIBILITY, VOTE IN 3730 02:18:50,001 --> 02:18:51,000 FAVOR OF PAYING OUR PAY, VOTE IN 3731 02:18:51,001 --> 02:18:53,000 FAVOR OF LIVING WITHIN OUR MEANS 3732 02:18:53,001 --> 02:18:55,000 AND VOTE IN FAVOR OF REDUCING 3733 02:18:55,001 --> 02:18:56,000 THE DEBT ON FUTURE GENERATIONS. 3734 02:18:56,001 --> 02:18:58,000 THE PRESIDING OFFICER: THE 3735 02:18:58,001 --> 02:18:59,000 SENATOR'S TIME HAS 3736 02:18:59,001 --> 02:19:01,000 MR. THUNE: I ASK MYOLLEAGUES 3737 02:19:01,001 --> 02:19:11,000 TO SUPPORT THIS AMENDMENT, AND I 3738 02:19:11,001 --> 02:19:12,000 YIELD MY TIME. 3739 02:19:12,001 --> 02:19:13,000 THE PRESIDING OFFICER: THE 3740 02:19:13,001 --> 02:19:14,000 SENATOR FROM MONTANA. 3741 02:19:14,001 --> 02:19:16,000 MR. BAUCUS: MADAM PRESIDENT, I 3742 02:19:16,001 --> 02:19:18,000 THINK IT'S GOOD TO AGAIN REMIND 3743 02:19:18,001 --> 02:19:20,000 MY COLLEAGUES WHAT'S IN THE 3744 02:19:20,001 --> 02:19:22,000 THUNE AMENDMENT AND WHY IT'S NOT 3745 02:19:22,001 --> 02:19:23,000 GOOD POLICY, WHY IT SHOULD NOT 3746 02:19:23,001 --> 02:19:26,000 BE ADOPTED. 3747 02:19:26,001 --> 02:19:31,000 FIRST OF ALL, IT WOULD CALL FOR 3748 02:19:31,001 --> 02:19:36,000 A 5% CUT IN MOST OF GOVERNMENT. 3749 02:19:36,001 --> 02:19:38,000 THE DEFENSE DEPARTMENT EXEMPT, 3750 02:19:38,001 --> 02:19:40,000 VETERANS EXEMPT, BUT NOT OTHER SECTIONS. 3751 02:19:40,001 --> 02:19:43,000 HOMELAND SECURITY COMES TO MIND. 3752 02:19:43,001 --> 02:19:45,000 LAW ENFOEMENT COMES TO MIND. 3753 02:19:45,001 --> 02:19:46,000 BORDER PATROL COMES TO MIND. 3754 02:19:46,001 --> 02:19:49,000 THERE ARE JUST VARIOUS AREAS 3755 02:19:49,001 --> 02:19:51,000 THAT WOULD -- THAT WOULD BE CUT 3756 02:19:51,001 --> 02:19:54,000 5% ACROSS THE BOARD ARBITRARILY. 3757 02:19:54,001 --> 02:19:56,000 SECOND, IT WOULD IMPOSE HARSH 3758 02:19:56,001 --> 02:19:58,000 CAPS ON MEDIC MALPRACTICE 3759 02:19:58,001 --> 02:19:59,000 DAMAGES, THE SO-CALLED TORT REFORM. 3760 02:19:59,001 --> 02:20:04,000 THE THUNE AMENDMENT INCLUDES 3761 02:20:04,001 --> 02:20:06,000 TORT REFORM IN A WAY THAT'S 3762 02:20:06,001 --> 02:20:07,000 UNTHOUGHT THROUGH, VERY HARSH 3763 02:20:07,001 --> 02:20:08,000 CAPS. 3764 02:20:08,001 --> 02:20:10,000 IT WOULD FRANKLY RESULT, 3765 02:20:10,001 --> 02:20:11,000 ACCORDING TO C.B.O., IN MORE 3766 02:20:11,001 --> 02:20:12,000 DEATHS IN AMERICA. 3767 02:20:12,001 --> 02:20:14,000 THE THUNE AMENDMENT WOULD ALSO 3768 02:20:14,001 --> 02:20:15,000 CUT THE NUMBER OF PEOPLE INSURED 3769 02:20:15,001 --> 02:20:16,000 UNDER HEALTH CARE REFORM. 3770 02:20:16,001 --> 02:20:19,000 IT WOULD REDUCE THE NUMBER OF 3771 02:20:19,001 --> 02:20:20,000 PEOPLE INSURED UNDER HEALTH CARE 3772 02:20:20,001 --> 02:20:22,000 REFORM. 3773 02:20:22,001 --> 02:20:23,000 I DON'T THINK THAT MANY PEOPLE 3774 02:20:23,001 --> 02:20:26,000 WOULD LIKE THAT PART OF THE 3775 02:20:26,001 --> 02:20:27,000 THUNE AMENDMENT STANDING ALONE 3776 02:20:27,001 --> 02:20:29,000 IN ITSELF. 3777 02:20:29,001 --> 02:20:30,000 MOREOVER, THE THUNE AMENDMENT 3778 02:20:30,001 --> 02:20:32,000 CUTS BACK RECOVERY ACT FUNDS. 3779 02:20:32,001 --> 02:20:33,000 THAT ENDANGERS JOBS. 3780 02:20:33,001 --> 02:20:36,000 THE CONGRESSIONAL BUDGET OFFICE 3781 02:20:36,001 --> 02:20:38,000 HAS MADE IT VERY CLEAR THAT THE 3782 02:20:38,001 --> 02:20:40,000 RECOVERY ACT DOES CREATE JOBS. 3783 02:20:40,001 --> 02:20:42,000 IT LOWERS UNEMPLOYMENT. 3784 02:20:42,001 --> 02:20:45,000 THE THUNE AMENDMENT WOULD GO IN 3785 02:20:45,001 --> 02:20:46,000 THE OPPOSITE DIRECTION OF 3786 02:20:46,001 --> 02:20:48,000 TAKING -- OF PREVENTING JOB 3787 02:20:48,001 --> 02:20:49,000 CREATION, OF ENCOURAGING HIGH 3788 02:20:49,001 --> 02:20:50,000 UNEMPLOYMENT. 3789 02:20:50,001 --> 02:20:52,000 THAT WOULD BE THE EFFECT OF IT. 3790 02:20:52,001 --> 02:20:54,000 THE THUNE AMENDMENT ALSO SHIELDS 3791 02:20:54,001 --> 02:20:55,000 THE OIL COMPANIES AND 3792 02:20:55,001 --> 02:20:57,000 MULTINATIONAL CORPORATIONS FROM 3793 02:20:57,001 --> 02:20:58,000 PAYING THEIR FAIR SHARE OF TAXES. 3794 02:20:58,001 --> 02:21:01,000 I DON'T THINK ESPECIALLY WITH 3795 02:21:01,001 --> 02:21:02,000 THE GULF OIL SPILL MANY 3796 02:21:02,001 --> 02:21:05,000 AMERICANS WANT TO SHIELD THE OIL 3797 02:21:05,001 --> 02:21:08,000 COMPANIES FROM PAYING TIR FAIR 3798 02:21:08,001 --> 02:21:10,000 SHARE OF TAXES. 3799 02:21:10,001 --> 02:21:13,000 NOT PAYING FUNDS INTO A 3800 02:21:13,001 --> 02:21:15,000 LIABILITY TRUST FUND TO PAY FOR 3801 02:21:15,001 --> 02:21:18,000 FUTURE OIL SPILLS, AND I THINK 3802 02:21:18,001 --> 02:21:19,000 AMERICANS ALSO DO NOT WANT TO 3803 02:21:19,001 --> 02:21:20,000 SHIELD MULTINATIONAL 3804 02:21:20,001 --> 02:21:22,000 CORPORATIONS FROM PAYING THEIR 3805 02:21:22,001 --> 02:21:23,000 FAIR SHARE OF TAXES. 3806 02:21:23,001 --> 02:21:25,000 THERE ARE LOOPHOLES IN THE 3807 02:21:25,001 --> 02:21:26,000 CURRENT LAW THAT MULTINATIONALS 3808 02:21:26,001 --> 02:21:27,000 TAKE ADVANTAGE OF. 3809 02:21:27,001 --> 02:21:29,000 I THINK MOST AMERICANS WOULD NOT 3810 02:21:29,001 --> 02:21:30,000 LIKE THOSE LOOPHOLES CONTINUED. 3811 02:21:30,001 --> 02:21:32,000 THE THUNE AMENDMENT CONNUES 3812 02:21:32,001 --> 02:21:35,000 THOSE LOOOLES. 3813 02:21:35,001 --> 02:21:37,000 SO, MR. PRESIDENT, FOR -- MADAM 3814 02:21:37,001 --> 02:21:38,000 PRESIDENT, FOR ALL THOSE 3815 02:21:38,001 --> 02:21:39,000 REASONS, I STRONGLY URGE MY 3816 02:21:39,001 --> 02:21:40,000 COLLEAGUES TO NOT SUPPORT THE 3817 02:21:40,001 --> 02:21:43,000 THUNE AMENDMENT. 3818 02:21:43,001 --> 02:21:45,000 I YIELD BACK THE BALANCE OF MY TIME. 3819 02:21:45,001 --> 02:21:47,000 MADAM PRESIDENT, I RAISE A POINT 3820 02:21:47,001 --> 02:21:50,000 OF ORDER AGAINST SECTION 701 OF 3821 02:21:50,001 --> 02:21:54,000 THE THUNE AMENDMENT PURSUANT TO 3822 02:21:54,001 --> 02:21:55,000 SECTION 403 S. CON. RES. 13, THE 3823 02:21:55,001 --> 02:21:57,000 CONCURRENT RESOLUTION ON THE 3824 02:21:57,001 --> 02:21:58,000 BUDGET FOR FISCAL 3825 02:21:58,001 --> 02:21:59,000 MR. THUNE: MADAM 3826 02:21:59,001 --> 02:22:00,000 THE PRESIDING OFFICER: THE 3827 02:22:00,001 --> 02:22:01,000 SENATOR FROM SOUTH DAKOTA. 3828 02:22:01,001 --> 02:22:03,000 MR. THUNE: MADAM PRESIDENT, 3829 02:22:03,001 --> 02:22:05,000 PURSUANT TO SECTION 904 OF THE 3830 02:22:05,001 --> 02:22:08,000 CONGRESSIONAL BUDGET ACT OF 74 3831 02:22:08,001 --> 02:22:12,000 AND SECTION 4-G-3 OF THE 3832 02:22:12,001 --> 02:22:13,000 STATUTORY PAYGO ACT OF 2010, I 3833 02:22:13,001 --> 02:22:15,000 MOVE TO WAIVE ALL APPLICABLE 3834 02:22:15,001 --> 02:22:16,000 SECTIONS OF THOSE ACTS AND 3835 02:22:16,001 --> 02:22:17,000 APPLICABLE BUDGET RESOLUTIONS 3836 02:22:17,001 --> 02:22:18,000 FOR PURPOSES OF MY AMENDMENT, 3837 02:22:18,001 --> 02:22:19,000 AND I WOULD ASK FOR THE YEAS AND 3838 02:22:19,001 --> 02:22:25,000 NAYS. THE PRESIDING OFFICER: IS THERE 3839 02:22:25,001 --> 02:22:27,000 A SUFFICIENT SECOND? 3840 02:22:27,001 --> 02:22:29,000 MR. APPEARS TO BE. 3841 02:22:29,001 --> 02:22:37,000 THE YEAS AND NAYS ARE 3842 02:22:37,001 --> 02:29:23,000 THE CLERK WILL CALL THE ROLL. 3843 02:29:23,001 --> 02:43:53,000 VOTE: 3844 02:43:53,001 --> 02:47:35,000 VOTE: 3845 02:47:35,001 --> 02:47:36,000 VOTE: 3846 02:47:36,001 --> 02:47:37,000 THE PRESIDING OFFICER: ARE THERE 3847 02:47:37,001 --> 02:47:38,000 ANY SENATORS IN THE CHAMBER 3848 02:47:38,001 --> 02:47:40,000 WISHING TO VOTE OR TO CHANGE 3849 02:47:40,001 --> 02:47:46,000 YOUR VOTE? 3850 02:47:46,001 --> 02:47:53,000 SEEING NONE, THE YEAS ON THIS 3851 02:47:53,001 --> 02:47:54,000 VOTE ARE 41, THEAYS ARE 57. 3852 02:47:54,001 --> 02:47:56,000 THREE-FIFTHS OF THE SENATORS 3853 02:47:56,001 --> 02:47:57,000 DULY CHOSEN AND SWORN NOT HAVING 3854 02:47:57,001 --> 02:47:58,000 VOTED IN THE AFFIRMATIVE, THE 3855 02:47:58,001 --> 02:48:01,000 MOTION IS NOT AGREED TO. 3856 02:48:01,001 --> 02:48:12,000 UNDER THE PREVIOUS ORDER, THE 3857 02:48:12,001 --> 02:48:13,000 AMENDMENT IS WITHDRAWN. 3858 02:48:13,001 --> 02:48:14,000 MRLeMIEUX: MADAM PRESIDENT? 3859 02:48:14,001 --> 02:48:15,000 THE PRESIDING OFFICER: THE 3860 02:48:15,001 --> 02:48:16,000 SENATOR FROM FLORIDA. 3861 02:48:16,001 --> 02:48:18,000 MR. LeMIEUX: THANK YOU, MADAM PRESIDENT. 3862 02:48:18,001 --> 02:48:19,000 I ASK TO SPEAK AS IF IN MORNING BUSINESS. 3863 02:48:19,001 --> 02:48:20,000 THE PRESIDING OFFICER: WITHOUT 3864 02:48:20,001 --> 02:48:22,000 OBJECTION. 3865 02:48:22,001 --> 02:48:23,000 MR. LeMIEUX: MADAM PRESIDENT, 3866 02:48:23,001 --> 02:48:24,000 TALK ABOUT THE SITUATION IN THE 3867 02:48:24,001 --> 02:48:27,000 GULF OF MEXICO. 3868 02:48:27,001 --> 02:48:28,000 YESTERDAY I CAME TO REPORT UPON 3869 02:48:28,001 --> 02:48:29,000 MY MEETING WITH THE PRESIDENT OF 3870 02:48:29,001 --> 02:48:31,000 THE UNITED STATES AS WELL AS 3871 02:48:31,001 --> 02:48:32,000 JEFF MILLER, OUR GOVERNOR, AND 3872 02:48:32,001 --> 02:48:33,000 ADMIRAL THAD ALLEN THAT WE HAD 3873 02:48:33,001 --> 02:48:34,000 ON TUESDAY IN PENSACOLA. 3874 02:48:34,001 --> 02:48:36,000 I HAVE COME OUT YESTERDAY AND I 3875 02:48:36,001 --> 02:48:37,000 AM PLEASED TO REPORT WHAT THE 3876 02:48:37,001 --> 02:48:38,000 PRESIDENT HAS DONE WITH THIS 3877 02:48:38,001 --> 02:48:40,000 FUND. 3878 02:48:40,001 --> 02:48:41,000 IT'S A GOOD IDEA TO GET 3879 02:48:41,001 --> 02:48:43,000 THE \$20 BILLION SO CLAIMS CAN BE 3880 02:48:43,001 --> 02:48:44,000 MADE AND CAN BE PAID. 3881 02:48:44,001 --> 02:48:45,000 HOWEVER, THERE IS ANOTHER ISSUE. 3882 02:48:45,001 --> 02:48:47,000 THE MOST PRESSING ISSUE RIGHT 3883 02:48:47,001 --> 02:48:49,000 NOW IS KEEPING THE OIL OFF THE 3884 02:48:49,001 --> 02:48:51,000 COAST OF THE GULF. 3885 02:48:51,001 --> 02:48:53,000 WE DO NOT HAVE A HANDLE ON THIS 3886 02:48:53,001 --> 02:48:55,000 SITUATION WITH THE SKIMMERS. 3887 02:48:55,001 --> 02:48:57,000 WE JUST MET WITH ADMIRAL ALLEN, 3888 02:48:57,001 --> 02:48:59,000 AND THE INFORMATION ISN'T ANY 3889 02:48:59,001 --> 02:49:03,000 BETTER THAN IT WAS TWO DAYS AGO. 3890 02:49:03,001 --> 02:49:04,000 IN FACT, FOR FLORIDA, THE 3891 02:49:04,001 --> 02:49:06,000 INFORMATN APPEARS TO BE WORSE. 3892 02:49:06,001 --> 02:49:07,000 ON THURSDAY THERE WERE 32 3893 02:49:07,001 --> 02:49:08,000 SKIMMERS ACCORDING TO THE 3894 02:49:08,001 --> 02:49:09,000 FLORIDA ENVIRONMENTAL PROTECTION 3895 02:49:09,001 --> 02:49:12,000 IN THE FLORIDA INSTANT COMMAND 3896 02:49:12,001 --> 02:49:14,000 OFF THE COAST OF FLORIDA. 32. 3897 02:49:14,001 --> 02:49:16,000 THERE IS A PLUME OF OIL TWO 3898 02:49:16,001 --> 02:49:18,000 MILES WIDE AND 40 MILES LONG OFF 3899 02:49:18,001 --> 02:49:20,000 THE COAST OF PENSACOLA. 3900 02:49:20,001 --> 02:49:21,000 ANOTHER PLUME THAT RANGES FROM 3901 02:49:21,001 --> 02:49:24,000 PENSACOLA, FLORIDA, ALL THE WAY 3902 02:49:24,001 --> 02:49:26,000 OVER TO FORT WALTON, AND WE HAD 3903 02:49:26,001 --> 02:49:29,000 32 SKIMMERS. 3904 02:49:29,001 --> 02:49:30,000 TODAY, THE REPORT IS WE HAVE 20 3905 02:49:30,001 --> 02:49:31,000 SKIMMERS. 3906 02:49:31,001 --> 02:49:33,000 20 SKIMMERS. 3907 02:49:33,001 --> 02:49:34,000 THAT'S LIKE ME AND MY BUDDI 3908 02:49:34,001 --> 02:49:35,000 GETTING IN OUR BOATS OUT THERE 3909 02:49:35,001 --> 02:49:37,000 AND TRYING TO CLEAN THIS UP. 3910 02:49:37,001 --> 02:49:39,000 THIS IS NOT THE FEDERAL 3911 02:49:39,001 --> 02:49:41,000 GOVERNMENT DOING ITS BEST EFFORT 3912 02:49:41,001 --> 02:49:43,000 TO CLEAN UP THIS OIL SPILL. 3913 02:49:43,001 --> 02:49:45,000 NOW, THE INCIDENT COMMAND FROM 3914 02:49:45,001 --> 02:49:48,000 THE COAST GUARD'S REPORT SAYS 3915 02:49:48,001 --> 02:49:50,000 THERE IS 100-SOME SKIMMERS OFF 3916 02:49:50,001 --> 02:49:51,000 THE COAST. 3917 02:49:51,001 --> 02:49:52,000 UNCLEAR WHETHER THOSE ARE OFF 3918 02:49:52,001 --> 02:49:53,000 THE COAST OF FLORIDA OR 3919 02:49:53,001 --> 02:49:55,000 COMPLETELY OFF THE COAST. 3920 02:49:55,001 --> 02:49:56,000 IT COULD BE THE COAST OF ALL THE 3921 02:49:56,001 --> 02:49:58,000 STATES. 3922 02:49:58,001 --> 02:49:59,000 I ASKED ADMIRAL ALLEN T CLARIFY 3923 02:49:59,001 --> 02:50:00,000 THAT. 3924 02:50:00,001 --> 02:50:02,000 HE SAID THAT HE WOULD. 3925 02:50:02,001 --> 02:50:03,000 ADMIRAL ALLEN TELLS US THERE IS 3926 02:50:03,001 --> 02:50:04,000 2,000 SKIMMERS IN THE UNITED 3927 02:50:04,001 --> 02:50:07,000 STATES OF AMERICA. 3928 02:50:07,001 --> 02:50:08,000 WHY AREN'T THOSE SKIMMERS, WHERE AVAILABLE, STEAMING TOWARDS THE 3929 02:50:08,001 --> 02:50:10,000 GULF OF MEXICO? 3930 02:50:10,001 --> 02:50:11,000 HE SAID HE'S GOING TO PUT A 3931 02:50:11,001 --> 02:50:12,000 PROCESS IN PLACE WHERE WE CAN 3932 02:50:12,001 --> 02:50:15,000 REQUEST THEM. 3933 02:50:15,001 --> 02:50:16,000 IT'S BEEN 60 DAYS, MADAM 3934 02:50:16,001 --> 02:50:18,000 PRESENT, SINCE THE OIL STARTED SPILLING. 3935 02:50:18,001 --> 02:50:20,000 WHY ARE WE WAITING UNTIL NOW TO 3936 02:50:20,001 --> 02:50:21,000 REQUEST SKIMMERS? 3937 02:50:21,001 --> 02:50:23,000 WHY ARE WE CONTACTING GOVERNORS 3938 02:50:23,001 --> 02:50:25,000 NOW TO REQUEST SKIMMERS? 3939 02:50:25,001 --> 02:50:28,000 WHY ARE THERE ONLY 20 SKIMMERS 3940 02:50:28,001 --> 02:50:31,000 OFF OF MY HOME STA WHEN WE 3941 02:50:31,001 --> 02:50:33,000 HAVE THIS HUGE MASS OF OIL? 3942 02:50:33,001 --> 02:50:35,000 THE STATE DEPARTMENT REPORTS 3943 02:50:35,001 --> 02:50:38,000 TUDAY MORNING THA21 REQUESTS 3944 02:50:38,001 --> 02:50:40,000 HAVE COME IN FROM 17 COUNTRIES. 3945 02:50:40,001 --> 02:50:43,000 RATHER, 21 OFFERS OF SUPPORT 3946 02:50:43,001 --> 02:50:44,000 FROM 17 COUNTRIES TO GIVE US SKIMMING EQUIPMENT. 3947 02:50:44,001 --> 02:50:48,000 THE STATE DEPARTMENT SAYS THEY 3948 02:50:48,001 --> 02:50:49,000 HAVE BEEN DECLINED. 3949 02:50:49,001 --> 02:50:51,000 TALKED TO THE PRESIDENT ABOUT IT 3950 02:50:51,001 --> 02:50:52,000 ON TUESDAY AND ADMIRAL ALLEN. 3951 02:50:52,001 --> 02:50:54,000 THEY SAID NO, IT'S NOT TRUE. 3952 02:50:54,001 --> 02:50:55,000 WE HAVE GOTTEN IN THINGS FROM 3953 02:50:55,001 --> 02:50:56,000 OTHER COUNTRIES. 3954 02:50:56,001 --> 02:50:57,000 WELL, WHAT'S THE TRUTH? 3955 02:50:57,001 --> 02:51:00,000 WHAT'S THE ANSWER? 3956 02:51:00,001 --> 02:51:01,000 ARE WE REFUSING FOREIGN COUNTRY 3957 02:51:01,001 --> 02:51:03,000 ASSISTANCE OR NOT? 3958 02:51:03,001 --> 02:51:04,000 NOW THERE IS THIS THING ABOUT 3959 02:51:04,001 --> 02:51:06,000 WE'RE GOING TO HAVE A PROCESS TO 3960 02:51:06,001 --> 02:51:08,000 LET PEOPLE REQUEST WAIVERS OF 3961 02:51:08,001 --> 02:51:10,000 THE JONES ACT. 3962 02:51:10,001 --> 02:51:12,000 WE'RE 60 DAYS INTO THIS, MADAM PRESIDENT. 3963 02:51:12,001 --> 02:51:13,000 ON MONDAY, I SENT A LETTER TO 3964 02:51:13,001 --> 02:51:14,000 THE PRESIDENT ALONG WITH 3965 02:51:14,001 --> 02:51:17,000 CONGRESSMAN JEFF MILLER ASKING 3966 02:51:17,001 --> 02:51:18,000 FOR THE JONES ABILITY TO BE -- 3967 02:51:18,001 --> 02:51:19,000 JONES ACT TO BE WAIVED. 3968 02:51:19,001 --> 02:51:21,000 WHY AREN'T WE DOING EVERYTHING 3969 02:51:21,001 --> 02:51:23,000 POSSIBLE TO BRING SKIMMERS TO THE GULF OF MEXICO? 3970 02:51:23,001 --> 02:51:24,000 WHAT IS THE PROBLEM? 3971 02:51:24,001 --> 02:51:25,000 I'M GOING TO COME TO THE FLOOR 3972 02:51:25,001 --> 02:51:27,000 OF THE SENATE EVERY DAY THAT 3973 02:51:27,001 --> 02:51:29,000 WE'RE IN SESSION UNTIL THIS OIL 3974 02:51:29,001 --> 02:51:31,000 SPILL STOPS, UNTIL EVERY DROP OF 3975 02:51:31,001 --> 02:51:35,000 OIL IS CLEANED UP AND MAKE A 3976 02:51:35,001 --> 02:51:37,000 POINT ABOUT THIS SKIMMER ISSUE. 3977 02:51:37,001 --> 02:51:39,000 IT'S JUST NOT ACCEPTABLE. 3978 02:51:39,001 --> 02:51:41,000 WHO IS IN CHARGE OF THIS? 3979 02:51:41,001 --> 02:51:43,000 IS IT THE PRESIDENT, IS IT 3980 02:51:43,001 --> 02:51:45,000 ADMIRAL ALLEN, IS IT B.P.? 3981 02:51:45,001 --> 02:51:47,000 WHO IS IN CHARGE? 3982 02:51:47,001 --> 02:51:48,000 THERE ARE ONLY 20 SKIMMERS OFF 3983 02:51:48,001 --> 02:51:52,000 THE COAST OF FLORIDA. 3984 02:51:52,001 --> 02:51:53,000 IT DOESN'T MAKE ANY SENSE, AND 3985 02:51:53,001 --> 02:51:54,000 SOMEBODY HAS GOT TO DO SOMETHING 3986 02:51:54,001 --> 02:51:55,000 ABOUT IT. 3987 02:51:55,001 --> 02:51:57,000 NOW, IN MY POSITION, WHAT I CAN 3988 02:51:57,001 --> 02:51:58,000 DO IS COMPLAIN, AND THAT'S WHAT 3989 02:51:58,001 --> 02:52:00,000 I'M DOING TODAY AND WILL 3990 02:52:00,001 --> 02:52:02,000 CONTINUE TO DO, AND I'M GOING TO 3991 02:52:02,001 --> 02:52:03,000 PRESS ADMIRAL ALLEN AND THIS 3992 02:52:03,001 --> 02:52:05,000 ADMINISTRATION TO GET AS MANY 3993 02:52:05,001 --> 02:52:07,000 SKIMMERS THERE AS POSSIBLE. 3994 02:52:07,001 --> 02:52:08,000 WE NEED ENGAGEMENT FROM THIS 3995 02:52:08,001 --> 02:52:10,000 ADMINISTRATION ON THIS ISSUE, 3996 02:52:10,001 --> 02:52:12,000 AND NO OTHER QUESTION SHOULD BE 3997 02:52:12,001 --> 02:52:13,000 ANSWERED UNTIL WE FIND OUT WHERE 3998 02:52:13,001 --> 02:52:16,000 ALL THOSE 3999 02:52:16,001 --> 02:52:19,000 THOK 4000 02:52:19,001 --> 02:52:21,000 A SENATOR: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 4001 02:52:21,001 --> 02:52:23,000 SENATOR FROM ALABAMA. 4002 02:52:23,001 --> 02:52:24,000 MR. SESSIONS: I WANT TO THANK 4003 02:52:24,001 --> 02:52:25,000 SENATOR LeMIEUX FOR 4004 02:52:25,001 --> 02:52:30,000 THIS MATTER. 4005 02:52:30,001 --> 02:52:34,000 I WAS FRIDAY. 4006 02:52:34,001 --> 02:52:36,000 WE WERE TOLD THERE WAS A BATCH 4007 02:52:36,001 --> 02:52:38,000 OF OIL 4008 02:52:38,001 --> 02:52:39,000 LONG THAT THEY COULD SEE COMING 4009 02:52:39,001 --> 02:52:42,000 ONTO THE SHORES OF THE BEACHES 4010 02:52:42,001 --> 02:52:48,000 THAT HAD NOT YET BEEN HIT IN ANY 4011 02:52:48,001 --> 02:52:50,000 SIGNIFICANT WAY, AND IN MY MIND 4012 02:52:50,001 --> 02:52:51,000 IS A GOOD SKIMMER, EVEN AT ONE 4013 02:52:51,001 --> 02:52:53,000 OR TWO MILES PER HOUR, COULD GET 4014 02:52:53,001 --> 02:52:56,000 EVERY BIT OF THAT, VIRTUALLY. 4015 02:52:56,001 --> 02:52:58,000 AND I FIRST THOUGHT THAT 4016 02:52:58,001 --> 02:53:00,000 SKIMMERS WOULDN'T BE THAT EFFECTIVE. 4017 02:53:00,001 --> 02:53:02,000 I ASSUMED THE OIL WOULD BE VERY, 4018 02:53:02,001 --> 02:53:04,000 VERY THIN AND IT WOULD COME IN 4019 02:53:04,001 --> 02:53:06,000 AND BE HARD TO SKIM, BUT IT 4020 02:53:06,001 --> 02:53:08,000 APPARENTLY IS COMING IN IN 4021 02:53:08,001 --> 02:53:11,000 PATCHES AND BUNCHES, WHICH MAKES 4022 02:53:11,001 --> 02:53:12,000 IT MORE SKIMMABLE THAN I HAD 4023 02:53:12,001 --> 02:53:14,000 ORIGINALLY THOUGHT, AND THE 4024 02:53:14,001 --> 02:53:16,000 ADMIRAL THAT WE TALKED TO 4025 02:53:16,001 --> 02:53:18,000 RECENTLY JUST AN HOUR -- LESS 4026 02:53:18,001 --> 02:53:21,000 THAN AN HOUR AGO INDICATED THAT 4027 02:53:21,001 --> 02:53:25,000 HE WAS REQUESTING THE NAVY, AS I 4028 02:53:25,001 --> 02:53:26,000 HEARD WHAT HE SAID, 4029 02:53:26,001 --> 02:53:28,000 CERTAIN NUMBER OF SKIMMERS, AND 4030 02:53:28,001 --> 02:53:29,000 THEY HAD 400. 4031 02:53:29,001 --> 02:53:31,000 WAS THAT THE NUMBER? 4032 02:53:31,001 --> 02:53:33,000 D WE HAVEN'T GOTTEN THEM YET. 4033 02:53:33,001 --> 02:53:37,000 I MEAN, PERHAPS SOME PLAN 4034 02:53:37,001 --> 02:53:38,000 SOMEWHERE CALLS FOR THEM TO HAVE 4035 02:53:38,001 --> 02:53:40,000 SKIMMERS IN THIS BAY OR THIS 4036 02:53:40,001 --> 02:53:42,000 HARBOR IN CASE SOMETHING 4037 02:53:42,001 --> 02:53:45,000 HAPPENS, BUT WHEN YOU HAVE A 4038 02:53:45,001 --> 02:53:47,000 NATIONAL CATASTROPHE LIKE WE 4039 02:53:47,001 --> 02:53:48,000 HAVE GOT GOING ON, EVERY ONE 4040 02:53:48,001 --> 02:53:49,000 THAT COULD POSSIBLY BE SCARED 4041 02:53:49,001 --> 02:53:50,000 SHOULD HAVE ALREADY BEEN MOVED 4042 02:53:50,001 --> 02:53:52,000 TO THE GULF COAST. 4043 02:53:52,001 --> 02:53:57,000 AND I -- I REALLY FEEL LIKE THAT 4044 02:53:57,001 --> 02:53:58,000 IS A FRUSTRATING EVENT, AND IT'S 4045 02:53:58,001 --> 02:54:00,000 MORE SERIOUS THAN I HAD 4046 02:54:00,001 --> 02:54:01,000 REALIZED. 4047 02:54:01,001 --> 02:54:03,000 ALSO, THERE IS SEVERAL THOUSAND 4048 02:54:03,001 --> 02:54:05,000 I THINK WORLDWIDE THAT HAVE NOT 4049 02:54:05,001 --> 02:54:06,000 BEEN ASKED FOR THAT COULD BE 4050 02:54:06,001 --> 02:54:09,000 ASKED FOR. 4051 02:54:09,001 --> 02:54:11,000 SO I FEEL LIKE THAT WE CAN DO 4052 02:54:11,001 --> 02:54:16,000 BETTER, AND I'M GOING TO FIND 4053 02:54:16,001 --> 02:54:20,000 OUT IF THE DECISION-MAKING 4054 02:54:20,001 --> 02:54:22,000 PROCESS IS SO BUREAUCRATIC THAT 4055 02:54:22,001 --> 02:54:23,000 FOR NO GOOD REASON WE HAVE BEEN 4056 02:54:23,001 --> 02:54:24,000 ABLE -- WE HAVE DELAYED 4057 02:54:24,001 --> 02:54:26,000 RECEIVING HELP THAT CAN MAKE A 4058 02:54:26,001 --> 02:54:29,000 BIG DIFFERENCE ON THE GULF COAST. 4059 02:54:29,001 --> 02:54:32,000 I ALSO ASKED HIM ABOUT PRESIDENT 4060 02:54:32,001 --> 02:54:34,000 OBAMA'S SPEECH LAST NIGHT. 4061 02:54:34,001 --> 02:54:36,000 AS A RESULT, HE MADE COMMENTS -- 4062 02:54:36,001 --> 02:54:38,000 A SENATOR: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 4063 02:54:38,001 --> 02:54:41,000 MAJORITY LEADER. 4064 02:54:41,001 --> 02:54:42,000 MR. REID: WOULD MY FRIEND YIELD? 4065 02:54:42,001 --> 02:54:44,000 MR. SEIONS: I WOULD BE PLEASED 4066 02:54:44,001 --> 02:54:45,000 TO YIELD. 4067 02:54:45,001 --> 02:54:46,000 MR. REID: WE'RE TRYING TO WORK 4068 02:54:46,001 --> 02:54:47,000 SOMETHING OUT FOR VOTES THIS 4069 02:54:47,001 --> 02:54:48,000 AFTERNOON AND WE'RE IN THE 4070 02:54:48,001 --> 02:54:49,000 PROCESS OFOING THAT. 4071 02:54:49,001 --> 02:54:51,000 I THK IT WOULD BE APPROPRIATE 4072 02:54:51,001 --> 02:54:52,000 THAT UNTIL 1:00 WE BE IN A 4073 02:54:52,001 --> 02:54:53,000 PERIOD OF MORNING BUSINESS SO 4074 02:54:53,001 --> 02:54:55,000 LET THE SENATOR SPEAK, ALLOWED 4075 02:54:55,001 --> 02:54:57,000 TO SPEAK FOR UP TO TEN MINUTES 4076 02:54:57,001 --> 02:54:58,000 EACH DURING THAT PERIOD OF TIME. 4077 02:54:58,001 --> 02:55:00,000 AT 1:00 HOPEFULLY W CAN COME 4078 02:55:00,001 --> 02:55:02,000 BACK WITH AN ARRANGEMENT TO MOVE 4079 02:55:02,001 --> 02:55:04,000 FORWARD ON THE LEGISLATION. 4080 02:55:04,001 --> 02:55:06,000 THE PRESIDING OFFICER: IS THERE OBJECTION? 4081 02:55:06,001 --> 02:55:07,000 WITHOUT OBJECTION, SO ORDERED. 4082 02:55:07,001 --> 02:55:09,000 MR. SESSIONS: MADAM PRESIDENT, I 4083 02:55:09,001 --> 02:55:11,000 WOULD ASK TO SPEAK IN MORNING 4084 02:55:11,001 --> 02:55:13,000 BUSINESS AND BE NOTIFIED IN FIVE 4085 02:55:13,001 --> 02:55:15,000 MINUTES. 4086 02:55:15,001 --> 02:55:17,000 MR. REID: ONE THING I DIDN'T DO 4087 02:55:17,001 --> 02:55:18,000 IS APOLOGIZE TO MY FRIEND FOR 4088 02:55:18,001 --> 02:55:22,000 INTERRUPTING HIM AND EXPRESSING 4089 02:55:22,001 --> 02:55:24,000 MY APPRECIATION FOR HIS USUAL 4090 02:55:24,001 --> 02:55:25,000 COOPERATION. 4091 02:55:25,001 --> 02:55:27,000 MR. SESSIONS: MADAM PRESIDENT, I 4092 02:55:27,001 --> 02:55:28,000 KNOW THE MAJORITY LEADER HAS 4093 02:55:28,001 --> 02:55:32,000 MANY, MANY CHALLENGES, AND HE 4094 02:55:32,001 --> 02:55:34,000 CERTAINLY IS ENTITLED TO RESPE 4095 02:55:34,001 --> 02:55:35,000 TO MAKE THIS KIND OF 4096 02:55:35,001 --> 02:55:38,000 ANNOUNCEMENT. 4097 02:55:38,001 --> 02:55:42,000 OUR GOVERNOR HAS CALLED UP 300 4098 02:55:42,001 --> 02:55:46,000 NATIONAL GUARDSMEN, AND IT NEEDS 4099 02:55:46,001 --> 02:55:49,000 TO BE DONE, THINK, UNDER THE 4100 02:55:49,001 --> 02:55:51,000 TITLE 32, WHICH IS FEDERAL 4101 02:55:51,001 --> 02:55:53,000 STATUS ON THE STATE CONTROL. 4102 02:55:53,001 --> 02:55:55,000 THE PRESIDENT TUESDAY EVENING 4103 02:55:55,001 --> 02:55:56,000 SAID I HAVE AUTHORIZED THE 4104 02:55:56,001 --> 02:55:59,000 DEPLOYMENT OF OVER 17,000 4105 02:55:59,001 --> 02:56:00,000 NATIONAL GUARD MEM 4106 02:56:00,001 --> 02:56:01,000 COAST. 4107 02:56:01,001 --> 02:56:03,000 THESE SERVICE MEN AND WOMEN ARE 4108 02:56:03,001 --> 02:56:06,000 READY TO HELP STOP THE OIL FROM 4109 02:56:06,001 --> 02:56:07,000 COMING ASHORE, CLEAN BEACHES, 4110 02:56:07,001 --> 02:56:10,000 TRAIN RESPOE WORKERS OR EVEN 4111 02:56:10,001 --> 02:56:13,000 HELP WITH PROCESSING CLAIMS, AND 4112 02:56:13,001 --> 02:56:14,000 I URGE THE COVERS IN THE 4113 02:56:14,001 --> 02:56:16,000 AFFECTED STATES TO ACTIVATE 4114 02:56:16,001 --> 02:56:17,000 THESE TROOPS AS SOON AS 4115 02:56:17,001 --> 02:56:20,000 POSSIBLE. 4116 02:56:20,001 --> 02:56:21,000 WELL, THE FEDERAL STATUS ON THE 4117 02:56:21,001 --> 02:56:26,000 STATE CONTROL IS THE PROCEDURE 4118 02:56:26,001 --> 02:56:27,000 BY WHICH THE GUARDSPEOPLE 4119 02:56:27,001 --> 02:56:31,000 OPERATE UNDER STATE CONTROL 4120 02:56:31,001 --> 02:56:32,000 WHICH ELIMINATES SOME OF THE 4121 02:56:32,001 --> 02:56:33,000 PROHIBITIONS ON MILITARY PEOPLE 4122 02:56:33,001 --> 02:56:38,000 BEING USED, FEDERAL MILITARY 4123 02:56:38,001 --> 02:56:40,000 PEOPLE BEING USED FOR 4124 02:56:40,001 --> 02:56:42,000 NONMILITARY MATTERS, AND THAT 4125 02:56:42,001 --> 02:56:43,000 ALSO ALLOWS PAYMENT BY THE 4126 02:56:43,001 --> 02:56:46,000 FEDERAL GOVERNMENT. 4127 02:56:46,001 --> 02:56:48,000 AND I GUESS I WOULD JUST SAY 4128 02:56:48,001 --> 02:56:49,000 THAT THIS IS -- THIS HAS NOT 4129 02:56:49,001 --> 02:56:51,000 WORKED OUT YET. 4130 02:56:51,001 --> 02:56:53,000 AS A MATTER OF FACT, GOVERNOR 4131 02:56:53,001 --> 02:56:54,000 RILEY WHO HAS PERSONALLY BEEN 4132 02:56:54,001 --> 02:56:58,000 ENGAGED IN THIS AND I HAVE BEEN 4133 02:56:58,001 --> 02:57:00,000 SO PROUD OF HIS LEADERSHIP HAS 4134 02:57:00,001 --> 02:57:01,000 CAED THESE GUARDSMEN FOR SOME 4135 02:57:01,001 --> 02:57:02,000 TIME AND HAS BEEN REQUESTING 4136 02:57:02,001 --> 02:57:03,000 THAT THEY BE APPROVED UNDER 4137 02:57:03,001 --> 02:57:06,000 TITLE 32. 4138 02:57:06,001 --> 02:57:08,000 THE ADMIRAL TOLD ME TODAY THAT 4139 02:57:08,001 --> 02:57:09,000 WELL, THERE ARE STILL 4140 02:57:09,001 --> 02:57:10,000 BUREAUCRATIC PROBLEMS, THE 4141 02:57:10,001 --> 02:57:11,000 DEPARTMENT OF DEFENSE SAYS THIS 4142 02:57:11,001 --> 02:57:12,000 AND SOME LAW SAYS THIS. 4143 02:57:12,001 --> 02:57:13,000 I WOULD JUST SAY THE COMMANDER 4144 02:57:13,001 --> 02:57:15,000 IN CHIEF, THE PRESIDENT OF THE 4145 02:57:15,001 --> 02:57:17,000 UNITED STATES, SAID CALL THEM UP 4146 02:57:17,001 --> 02:57:20,000 AND LET'S GET BUSY ABOUT IT, AND 4147 02:57:20,001 --> 02:57:24,000 I HOPE THAT SOMEHOW THAT THIS 4148 02:57:24,001 --> 02:57:26,000 CAN BE TAKEN CARE OF PROMPTLY AS 4149 02:57:26,001 --> 02:57:27,000 IT'S IMPACTING THE BUDGET OF THE 4150 02:57:27,001 --> 02:57:28,000 STATE OF ALABAMA IN A 4151 02:57:28,001 --> 02:57:30,000 SIGNIFICANT WAY. 4152 02:57:30,001 --> 02:57:32,000 MADAM PRESIDENT, I THANK THE 4153 02:57:32,001 --> 02:57:36,000 CHAIR AND THANK SENATOR 4154 02:57:36,001 --> 02:57:40,000 LeMIEUX FOR DRIVING HOME THE 4155 02:57:40,001 --> 02:57:41,000 PROBLEM THAT TO ME IS MOST 4156 02:57:41,001 --> 02:57:43,000 INEXPLICABLE, AND THAT IS OUR 4157 02:57:43,001 --> 02:57:46,000 FAILURE TO MAXIMIZE OUR ABILITY 4158 02:57:46,001 --> 02:57:47,000 TO HAVE SKIMMERS AVAILABLE TO 4159 02:57:47,001 --> 02:57:55,000 PROTECT OUR BEACHES. 4160 02:57:55,001 --> 02:57:56,000 I YIELD THE FLOOR. 4161 02:57:56,001 --> 02:57:57,000 MR. LeMIEUX: MADAM PRESIDENT? 4162 02:57:57,001 --> 02:57:59,000 THE PRESIDING OFFICER: THE 4163 02:57:59,001 --> 02:58:00,000 SENATOR FROM FLORIDA. 4164 02:58:00,001 --> 02:58:02,000 MR. LeMIEUX: I WANT TO SPEAK 4165 02:58:02,001 --> 02:58:03,000 FOR ANOTHER MOMENT, IF I MAY, 4166 02:58:03,001 --> 02:58:04,000 D COMPLIMENT MY COLLEAGUE FROM 4167 02:58:04,001 --> 02:58:05,000 ALABAMA WHO HAS BEEN VERY 4168 02:58:05,001 --> 02:58:06,000 VIGOROUS ON THIS ISSUE AND I 4169 02:58:06,001 --> 02:58:08,000 APPRECIATE HIS VOICE TO FIND OUT 4170 02:58:08,001 --> 02:58:09,000 WHAT'S GOING ON WITH THESE 4171 02:58:09,001 --> 02:58:10,000 RESOURCES, ESPECIALLY AS HE 4172 02:58:10,001 --> 02:58:11,000 SPOKE TO ABOUT THE NATIONAL GUARD. 4173 02:58:11,001 --> 02:58:13,000 IT'S AN IMPORTANT TOPIC. 4174 02:58:13,001 --> 02:58:15,000 TO FOLLOW UP ON MY COMMENTS FROM BEFORE, MADAM PRESIDENT, I HAVE 4175 02:58:15,001 --> 02:58:16,000 TWO DOCUMENTS HERE THAT I WANT 4176 02:58:16,001 --> 02:58:20,000 TO ENTER INTO THE RECORD AND DO 4177 02:58:20,001 --> 02:58:21,000 SO NOW, IF THAT'S WITHOUT OBCTION? 4178 02:58:21,001 --> 02:58:22,000 THE PRESIDING OFFICER: WITHOUT 4179 02:58:22,001 --> 02:58:23,000 OBJECTION, SO ORDERED. 4180 02:58:23,001 --> 02:58:25,000 MR. LeMIEUX: THESE ARE TWO 4181 02:58:25,001 --> 02:58:27,000 DOCUMENTS FROM YESTERDAY, SO 4182 02:58:27,001 --> 02:58:28,000 I -- I SPOKE A MOMENT AGO OF 20 4183 02:58:28,001 --> 02:58:29,000 SKIMMERS. 4184 02:58:29,001 --> 02:58:30,000 THAT'S A THURSDAY DOCUMENT. 4185 02:58:30,001 --> 02:58:32,000 THIS IS THE WEDNESDAY DOCUMENT, 4186 02:58:32,001 --> 02:58:33,000 BUT I WANTED TO INTRODUCE THESE 4187 02:58:33,001 --> 02:58:34,000 TWO DOCUMENTS TOGETHER BECAUSE 4188 02:58:34,001 --> 02:58:35,000 THEY ARE THE DOCUMENTS FROM THE 4189 02:58:35,001 --> 02:58:37,000 SAME DAY. 4190 02:58:37,001 --> 02:58:39,000 THIS IS THE SNAPSHOT REPORT 4191 02:58:39,001 --> 02:58:40,000 NUMBER 22, DEEPWATER HORIZON 4192 02:58:40,001 --> 02:58:42,000 RESPONSE, WEDNESDAY, JUNE 16, 4193 02:58:42,001 --> 02:58:46,000 FROM THE STATE OF FLORIDA 4194 02:58:46,001 --> 02:58:47,000 GOVERNOR CRIST, DAVE HALSTEAD, 4195 02:58:47,001 --> 02:58:50,000 STATE COORDINATING OFFICER. 4196 02:58:50,001 --> 02:58:51,000 THIS SAYS AS OF YESTEAY, 32 4197 02:58:51,001 --> 02:58:53,000 SKIMMERS OFF THE COAST OF FLORIDA. 4198 02:58:53,001 --> 02:58:55,000 THE REPORT WE HAVE FROM TODAY 4199 02:58:55,001 --> 02:58:58,000 SAYS 20, SO THAT'S A DROP OF 12. 4200 02:58:58,001 --> 02:59:01,000 THIS IS THE NATIONAL INCIDENT 4201 02:59:01,001 --> 02:59:04,000 COMMAND SHORE OPERATIONS FLORIDA 4202 02:59:04,001 --> 02:59:05,000 PANHANDLE DEPARTMENT OF HOMELAND 4203 02:59:05,001 --> 02:59:07,000 SECURITY DOCUMENT. 4204 02:59:07,001 --> 02:59:09,000 IT SAYS THERE ARE 110 SKIMMERS, 4205 02:59:09,001 --> 02:59:15,000 BUT WE HAVE JUST FOUND OUT THAT 4206 02:59:15,001 --> 02:59:17,000 IS FOR THE ENTIRE GULF COAST. 4207 02:59:17,001 --> 02:59:20,000 WHAT'S BEING REPORTED TO US IS 4208 02:59:20,001 --> 02:59:21,000 THAT THERE'S 110 SKIMMERS FOR 4209 02:59:21,001 --> 02:59:24,000 THE GULF COAST. 4210 02:59:24,001 --> 02:59:27,000 13 OF THOSE SKIMMERS ARE OFF OF FLORIDA. 4211 02:59:27,001 --> 02:59:28,000 WE ARE TOLD THOSE 13 ARE 4212 02:59:28,001 --> 02:59:29,000 ENCAPSULATED WITHIN THIS NUMBER 4213 02:59:29,001 --> 02:59:31,000 OF 32. 4214 02:59:31,001 --> 02:59:33,000 SO AS OF YESTERDAY 32. 4215 02:59:33,001 --> 02:59:35,000 AS OF TODAY 20. 4216 02:59:35,001 --> 02:59:37,000 ONLY 110 SKIMMERS OFF THE ENTIRE 4217 02:59:37,001 --> 02:59:39,000 GULF COAST. 4218 02:59:39,001 --> 02:59:40,000 -- GULF COAST TO FIGHT THIS 4219 02:59:40,001 --> 02:59:42,000 PROBLEM. 4220 02:59:42,001 --> 02:59:44,000 MADAM PRESIDENT, WE'RE CALLING 4221 02:59:44,001 --> 02:59:45,000 UPON THIS ADMINISTRATION TO GET 4222 02:59:45,001 --> 02:59:47,000 ITSCT TOGETHER. 4223 02:59:47,001 --> 02:59:48,000 WE COMMEND THEM FOR THIS FUND YESTERDAY. 4224 02:59:48,001 --> 02:59:50,000 THAT'S GOOD WORK. 4225 02:59:50,001 --> 02:59:52,000 WE GIVE CREDIT WHERE CREDIT IS DUE. 4226 02:59:52,001 --> 02:59:53,000 BUT WE'VE GOT TO STOP THIS OIL 4227 02:59:53,001 --> 02:59:55,000 FROM COMING ASHORE. 4228 02:59:55,001 --> 02:59:56,000 THESE SKIMMERS DO THE JOB. 4229 02:59:56,001 --> 02:59:58,000 IF THERE ARE 2,000 SKIMMERS IN 4230 02:59:58,001 --> 02:59:59,000 THIS COUNTRY, WHY AREN'T THEY 4231 02:59:59,001 --> 03:00:01,000 HEADED TO THE GULF? 4232 03:00:01,001 --> 03:00:02,000 IF THERE ARE THOUSANDS OF 4233 03:00:02,001 --> 03:00:03,000 SKIMMERS AROUND THE WORLD, WHY 4234 03:00:03,001 --> 03:00:05,000 AREN'T THEY HEADED TO THE GULF? 4235 03:00:05,001 --> 03:00:07,000 THIS QUESTION MUST BE ANSWERED 4236 03:00:07,001 --> 03:00:09,000 AS QUICKLY AS POSSIBLE AND MY 4237 03:00:09,001 --> 03:00:10,000 COLLEAGUE FROM ALABAMA AND I AND 4238 03:00:10,001 --> 03:00:12,000 OTHERS ARE GOING TO CONTINUE TO 4239 03:00:12,001 --> 03:00:14,000 COME TO THE FLOOR AND ASK THESE 4240 03:00:14,001 --> 03:00:15,000 QUESTIONS AND URGE THIS 4241 03:00:15,001 --> 03:00:16,000 ADMINISTRATION TO GET ON TOP OF 4242 03:00:16,001 --> 03:00:18,000 THIS PROBLEM AND GET THESE 4243 03:00:18,001 --> 03:00:20,000 SKIMMERS WHERE THEY NEED TO BE. 4244 03:00:20,001 --> 03:00:22,000 THANK YOU, MADAM PRESIDENT. 4245 03:00:22,001 --> 03:00:24,000 A SENATOR: MADAM PRESIDENT? THE PRESIDING OFFICER: THE 4246 03:00:24,001 --> 03:00:26,000 SENATOR FROM ALABAMA. 4247 03:00:26,001 --> 03:00:29,000 MR. SESSIONS: WELL, I WOULD JUST 4248 03:00:29,001 --> 03:00:32,000 ASK A QUESTION TO MY COLLEAGUE 4249 03:00:32,001 --> 03:00:33,000 BECAUSE HE'S NOT 4250 03:00:33,001 --> 03:00:35,000 THIS LATELY. 4251 03:00:35,001 --> 03:00:36,000 YOU MIGHT SHARE WITH US -- 4252 03:00:36,001 --> 03:00:38,000 YOU'VE HAD PERSONAL 4253 03:00:38,001 --> 03:00:40,000 CONVERSATIONS WITH ADMIRAL 4254 03:00:40,001 --> 03:00:43,000 ALLEN, THE POINT PERSON, THE 4255 03:00:43,001 --> 03:00:45,000 INCIDENT COMMANDER, ABOUT THIS 4256 03:00:45,001 --> 03:00:48,000 FOR SOME TIME, YOU HAVE NOT. 4257 03:00:48,001 --> 03:00:50,000 WE STILL HAVE DIFFICULTY GETTING 4258 03:00:50,001 --> 03:00:52,000 FIRM NUMBS, AS YOU JUST -- 4259 03:00:52,001 --> 03:00:53,000 NUMBERS, AS YOU JUST POINTED OUT 4260 03:00:53,001 --> 03:00:55,000 ABOUT WHAT MIGHT BE AVAILABLE 4261 03:00:55,001 --> 03:00:57,000 AND WHAT PROSPECTS WE HAVE FOR 4262 03:00:57,001 --> 03:00:59,000 ARRIVAL OF MORE SKIMMERS. 4263 03:00:59,001 --> 03:01:00,000 IS THAT CORRECT? 4264 03:01:00,001 --> 03:01:01,000 MR. LeMIEUX: THAT'S CORRECT, 4265 03:01:01,001 --> 03:01:02,000 SENATOR SESSIONS. 4266 03:01:02,001 --> 03:01:04,000 WE'VE BEEN TALKING TO THE COAST 4267 03:01:04,001 --> 03:01:05,000 GUARD FOR WEEKS ABOUT TRYING TO 4268 03:01:05,001 --> 03:01:07,000 MUSTER EVERY SKIMMER AVAILABLE 4269 03:01:07,001 --> 03:01:10,000 TO HELP OUT THE GULF OF MEXICO, 4270 03:01:10,001 --> 03:01:11,000 NOT JUST FLORIDA, BUT 4271 03:01:11,001 --> 03:01:12,000 MISSISSIPPI AND ALABAMA AND 4272 03:01:12,001 --> 03:01:13,000 LOUISIANA. 4273 03:01:13,001 --> 03:01:15,000 I MET WITH THE PRESIDENT OF THE 4274 03:01:15,001 --> 03:01:22,000 UNITED STATES AND ADMIRAL ALLEN 4275 03:01:22,001 --> 03:01:23,000 AND CONGRESSMAN C -- GOVERNOR CHRIST. 4276 03:01:23,001 --> 03:01:25,000 WE MET FOR AN HOUR. 4277 03:01:25,001 --> 03:01:27,000 I ASKED ABOUT THE SKIMMERS AND 4278 03:01:27,001 --> 03:01:28,000 THE REPORT FROM THE STATE DEPARTMENT. 4279 03:01:28,001 --> 03:01:30,000 IS THIS THE TRUTH? 4280 03:01:30,001 --> 03:01:32,000 DID WE DECLINE FOREIGN ASSISTANCE? 4281 03:01:32,001 --> 03:01:34,000 I ASKED ABOUT THE 2,000 SKIMMERS 4282 03:01:34,001 --> 03:01:36,000 AND THE PRESIDENT SAID, OF 4283 03:01:36,001 --> 03:01:38,000 COURSE ADMIRAL ALLEN WANTS TO 4284 03:01:38,001 --> 03:01:39,000 GET AS MANY SKIMMERS HERE AS 4285 03:01:39,001 --> 03:01:40,000 SOON AS POSSIBLE AND HE'S WORKING ON IT. 4286 03:01:40,001 --> 03:01:41,000 THAT'S GREAT. 4287 03:01:41,001 --> 03:01:42,000 THAT SOUNDS GOOD. 4288 03:01:42,001 --> 03:01:43,000 WE NEED RESULTS. 4289 03:01:43,001 --> 03:01:45,000 IT'S NOT JUST ABOUT EFFORTS TO. 4290 03:01:45,001 --> 03:01:46,000 WE NEED RESULTS AND THESE 4291 03:01:46,001 --> 03:01:48,000 REPORTS ARE SHOWING WE'RE NOT 4292 03:01:48,001 --> 03:01:50,000 GETTING THE RESULTS. 4293 03:01:50,001 --> 03:01:52,000 MR. SESSIONS: AND DO YOU 4294 03:01:52,001 --> 03:01:54,000 UNDERSTAND THAT THE ADMIRAL 4295 03:01:54,001 --> 03:01:58,000 ALLEN HAS THE POWER OR THE 4296 03:01:58,001 --> 03:02:00,000 PRESIDENT DOES TO ENTER ANY 4297 03:02:00,001 --> 03:02:02,000 JONES ACT WAIVERS THAT NEED TO 4298 03:02:02,001 --> 03:02:04,000 BE ENTERED AND PRESUMABLY COULD 4299 03:02:04,001 --> 03:02:05,000 BE DONE IN A MATTER OF MINUTES 4300 03:02:05,001 --> 03:02:07,000 OR HOURS. 4301 03:02:07,001 --> 03:02:08,000 WHAT IS HOLDING THIS UP? 4302 03:02:08,001 --> 03:02:10,000 YOU HAVE BEEN ABLE TO ASCERTAIN 4303 03:02:10,001 --> 03:02:12,000 WHAT IT IS? 4304 03:02:12,001 --> 03:02:14,000 MR. LeMIEUX: NO, I CAN'T SENATOR SESSIONS. 4305 03:02:14,001 --> 03:02:16,000 I DON'T KNOW WT'S HOLDING IT UP. 4306 03:02:16,001 --> 03:02:17,000 THE JONES ACT IS NOT A BARRIER. 4307 03:02:17,001 --> 03:02:19,000 THE JONES ACT CAN BE WAIVED. 4308 03:02:19,001 --> 03:02:21,000 THE JONES ACT WAS WAIVED, AS I 4309 03:02:21,001 --> 03:02:23,000 UNDERSTAND IT, AFTER KATRINA. 4310 03:02:23,001 --> 03:02:28,000 THERE'S THE POWER UNDER U.S. CODE. 4311 03:02:28,001 --> 03:02:29,000 I THINK IT'S 46U.S.C.4500, I'LL 4312 03:02:29,001 --> 03:02:31,000 CHECK THE RECORD, THAT GIVES THE 4313 03:02:31,001 --> 03:02:32,000 ABILITY OF AGENCY HEADS AND THIS 4314 03:02:32,001 --> 03:02:33,000 FEDERAL GOVERNMENT TO WAIVE THE 4315 03:02:33,001 --> 03:02:35,000 JONES ACT. 4316 03:02:35,001 --> 03:02:37,000 SO THE PRESIDENT AND ADMIRAL 4317 03:02:37,001 --> 03:02:38,000 ALLEN TELL US THERE ARE SOME 4318 03:02:38,001 --> 03:02:39,000 SHIPS THAT HAVE COME FROM 4319 03:02:39,001 --> 03:02:40,000 FOREIGN COUNTRIES. 4320 03:02:40,001 --> 03:02:42,000 I HOPE THAT'S TRUE. 4321 03:02:42,001 --> 03:02:43,000 I ASSUME IT'S TRUE IF THEY TOLD 4322 03:02:43,001 --> 03:02:44,000 US THAT, BUT WHY IS THE STATE 4323 03:02:44,001 --> 03:02:46,000 DEPARTMENT ON THE ONE HAND 4324 03:02:46,001 --> 03:02:48,000 REPORTING THAT THEY'RE DECLINING 4325 03:02:48,001 --> 03:02:49,000 OFFERS OF ASSISTANCE FROM 17 4326 03:02:49,001 --> 03:02:51,000 COUNTRIES, THEN WE HEAR THAT 4327 03:02:51,001 --> 03:02:53,000 SOME SHIPS ARE BEING USED AND IT 4328 03:02:53,001 --> 03:02:54,000 COMES BACK TO THE POINT THAT MY 4329 03:02:54,001 --> 03:02:56,000 COLLEAGUE, SENATOR NELSON, HAS 4330 03:02:56,001 --> 03:02:58,000 MADE FROM FLORIDA, IS HAVING A 4331 03:02:58,001 --> 03:02:59,000 COMMAND AND CONTROL UNIT. 4332 03:02:59,001 --> 03:03:03,000 YOU KNOW, I'M BELIEVING HERE 4333 03:03:03,001 --> 03:03:04,000 THAT ADMIRAL ALLEN IS RUNNING 4334 03:03:04,001 --> 03:03:06,000 THIS OPERATION. 4335 03:03:06,001 --> 03:03:07,000 I LIKE ADMIRAL ALLEN. 4336 03:03:07,001 --> 03:03:10,000 I COMMEND HIM FOR HIS SERVICE. 4337 03:03:10,001 --> 03:03:11,000 BUT WE NEED TO HAVE A BETTER 4338 03:03:11,001 --> 03:03:14,000 TOP-DOWN CONTROL SITUATION HERE 4339 03:03:14,001 --> 03:03:15,000 SO WEET SOME RESULTS. 4340 03:03:15,001 --> 03:03:16,000 WHY -- EVERY PERSON IN AMERICA 4341 03:03:16,001 --> 03:03:19,000 HAS TO BE SCRATCHING THEIR HEAD 4342 03:03:19,001 --> 03:03:24,000 AS TO WHY THESE SKIMMERS AREN'T THERE. 4343 03:03:24,001 --> 03:03:26,000 WHY AREN HUNDREDS OFF 4344 03:03:26,001 --> 03:03:28,000 THE COAST OF ALABAMA, HUNDREDS 4345 03:03:28,001 --> 03:03:29,000 OFF THE COAST OF FLORIDA, 4346 03:03:29,001 --> 03:03:30,000 HUNDREDS OFF THE COAST OF 4347 03:03:30,001 --> 03:03:34,000 LOUISIANA AND MISSISSIPPI. 4348 03:03:34,001 --> 03:03:36,000 WE CELEBRATED THE ANNIVERSARY OF 4349 03:03:36,001 --> 03:03:38,000 DUNKIRK WHERE THE BRITISH 4350 03:03:38,001 --> 03:03:41,000 VILIANS TOOK THEIR BOATS OUT 4351 03:03:41,001 --> 03:03:42,000 AND RESCUED THE BRITISH SOLDIERS 4352 03:03:42,001 --> 03:03:44,000 RETREATING AND SAVED THE DAY. 4353 03:03:44,001 --> 03:03:47,000 WHY AREN'T THE BOATS THERE TO 4354 03:03:47,001 --> 03:03:50,000 SAVE THE DAY FOR THE GULF COAST? 4355 03:03:50,001 --> 03:03:53,000 MR. SESSIONS: CAN -- IS THERE 4356 03:03:53,001 --> 03:03:55,000 ANY -- YOU HAVE ASCERTAINED THAT 4357 03:03:55,001 --> 03:03:56,000 ANYBODY IN OUR GOVERNMENT IS 4358 03:03:56,001 --> 03:03:58,000 SCOURING THE WORLD AND SCOURING 4359 03:03:58,001 --> 03:04:00,000 THE UNITED STATES TO TRY TO MOVE 4360 03:04:00,001 --> 03:04:01,000 EVERY SINGLE SKIMMER THEY 4361 03:04:01,001 --> 03:04:03,000 COULD -- THAT COULD POSSIBLY BE 4362 03:04:03,001 --> 03:04:05,000 BROUGHT TO THE GULF COAST? 4363 03:04:05,001 --> 03:04:09,000 AND WHY -- AND IF NOT, I MEAN, 4364 03:04:09,001 --> 03:04:11,000 WE'RE AWFULLY LAT THINK? 4365 03:04:11,001 --> 03:04:12,000 SHOULDN'T THAT HAVE BEEN DONE 4366 03:04:12,001 --> 03:04:13,000 WEEKS AGO? 4367 03:04:13,001 --> 03:04:14,000 MR. LeMIEUX: YOU MAKE A GREAT 4368 03:04:14,001 --> 03:04:15,000 POINT. 4369 03:04:15,001 --> 03:04:16,000 THERE DOESN'T SEEM TO BE A SENSE 4370 03:04:16,001 --> 03:04:17,000 OF URGENCY. 4371 03:04:17,001 --> 03:04:20,000 YOU WOULD THINK 4372 03:04:20,001 --> 03:04:22,000 STOPPING THE OIL FROM LEAKING. 4373 03:04:22,001 --> 03:04:23,000 JOB TWO IS STOPPING THE OIL FROM 4374 03:04:23,001 --> 03:04:25,000 COMING ASHORE. 4375 03:04:25,001 --> 03:04:26,000 THEY'RE DOING SOME GOOD WORK IT 4376 03:04:26,001 --> 03:04:27,000 SOUNDS LIKE. 4377 03:04:27,001 --> 03:04:29,000 THE PRESIDENT TELLS US BY THE 4378 03:04:29,001 --> 03:04:30,000 END OF THE MONTH 90% CONTAINED. 4379 03:04:30,001 --> 03:04:32,000 LET'S HOPE THAT HAPPENS. 4380 03:04:32,001 --> 03:04:35,000 LET'S STOP THE OIL FROM GETTING 4381 03:04:35,001 --> 03:04:37,000 ON OUR BEACHES, LET'S STOP THE 4382 03:04:37,001 --> 03:04:39,000 OIL FROM GETTING IN THE COASTAL 4383 03:04:39,001 --> 03:04:42,000 WATERWAYS, AND THE BEST WAY TO 4384 03:04:42,001 --> 03:04:44,000 DO WITH -- THAT WITH BOOMING, 4385 03:04:44,001 --> 03:04:45,000 AND WITH SKIMMING. 4386 03:04:45,001 --> 03:04:48,000 THE SKIMMING IS WORKING. 4387 03:04:48,001 --> 03:04:49,000 THIS OIL IS ABLE TO BE SKIMMED. 4388 03:04:49,001 --> 03:04:53,000 WHY AREN'T THERE -- WHY ARE WE 4389 03:04:53,001 --> 03:04:55,000 WAITING TO ASK GOVERNORS NOW AS 4390 03:04:55,001 --> 03:04:56,000 ADMIRAL ALLEN TOLD YOU AND I A 4391 03:04:56,001 --> 03:04:58,000 MOMENT AGO THAT THEY'RE GOING TO 4392 03:04:58,001 --> 03:05:02,000 PUT IN A REQUEST TO GOVERNORS 4393 03:05:02,001 --> 03:05:03,000 THAT THEY'RE GOING TO FREE UP 4394 03:05:03,001 --> 03:05:04,000 SKIMMERS, THAT THERE ARE 4395 03:05:04,001 --> 03:05:06,000 SKIMMERS THAT HAVE TO BE ON DUTY 4396 03:05:06,001 --> 03:05:08,000 BECAUSE THERE COULD BE A SPILL SOMEPLACE ELSE AND THEY'RE GOING 4397 03:05:08,001 --> 03:05:10,000 TO HAVE TO REQUEST WAIVERS. 4398 03:05:10,001 --> 03:05:11,000 ONE, WHY ARE WE WAITING UNTIL 4399 03:05:11,001 --> 03:05:13,000 NOW? 4400 03:05:13,001 --> 03:05:15,000 TWO, THAT'S LIKE SAYING YOUR 4401 03:05:15,001 --> 03:05:17,000 HOUSE IS BURNING DOWN, BUT THAT 4402 03:05:17,001 --> 03:05:18,000 FIRE TRUCK CAN'T COME BECAUSE 4403 03:05:18,001 --> 03:05:20,000 IT'S COVERING ANOTHER AREA 4404 03:05:20,001 --> 03:05:21,000 BECAUSE A FIRE MIGHT BREAK OUT. 4405 03:05:21,001 --> 03:05:23,000 WELL, THE FIRE IS HAPPENING NOW. 4406 03:05:23,001 --> 03:05:24,000 THE SKIMMERS NEED TO GO NOW TO 4407 03:05:24,001 --> 03:05:26,000 THE GULF. 4408 03:05:26,001 --> 03:05:27,000 AND WHY THERE ISN'T THAT SENSE 4409 03:05:27,001 --> 03:05:29,000 OF URGENCY AND THAT SENSE OF 4410 03:05:29,001 --> 03:05:30,000 FOLLOWUP, I JUST CAN'T EXPLAIN 4411 03:05:30,001 --> 03:05:32,000 IT SENATOR. 4412 03:05:32,001 --> 03:05:34,000 MR. SESSIONS: THANK YOU, MADAM PRESIDENT. 4413 03:05:34,001 --> 03:06:01,000 I THANK SENATOR LeMIEUX. 4414 03:06:01,001 --> 03:06:02,000 I WOULD YIELD THE 4415 03:06:02,001 --> 03:06:10,000 THE PRESIDING OFFICER: THE CLERK 4416 03:06:10,001 --> 03:09:36,000 WILL CALL THE ROLL. 4417 03:09:36,001 --> 03:09:37,000 QUORUM CALL: 4418 03:09:37,001 --> 03:09:38,000 MR. DORGAN: MADAM PRESIDENT? 4419 03:09:38,001 --> 03:09:39,000 THE PRESIDING OFFICER: THE 4420 03:09:39,001 --> 03:09:41,000 SENATOR FROM NORTH DAKOTA. 4421 03:09:41,001 --> 03:09:42,000 MR. DORGAN: I A 4422 03:09:42,001 --> 03:09:43,000 THE QUORUM CALL BE VACATED. 4423 03:09:43,001 --> 03:09:44,000 THE PRESIDING OFFICER: WITHOUT 4424 03:09:44,001 --> 03:09:47,000 OBJECTION. MR. DORGAN: MADAM PRESIDENT, I 4425 03:09:47,001 --> 03:09:49,000 FILED AN AMENDMENT TO THE UNDERLYING LEGISLATION. 4426 03:09:49,001 --> 03:09:50,000 I KNOW THERE'S DISCUSSION THESE 4427 03:09:50,001 --> 03:09:51,000 DAYS ABOUT WHO MIGHT GET TO 4428 03:09:51,001 --> 03:09:53,000 OFFER AN AMENDMENT. 4429 03:09:53,001 --> 03:09:55,000 A LOT OF THEM HAVE BEEN FILED. 4430 03:09:55,001 --> 03:09:56,000 THERE'S NEGOTIATION ABOUT WHICH 4431 03:09:56,001 --> 03:09:57,000 AMENDMENTS MIGHT BE MADE PENDING 4432 03:09:57,001 --> 03:09:59,000 AND DEBATED. 4433 03:09:59,001 --> 03:10:01,000 I HOPE THISMENDMENT WOULD BE. 4434 03:10:01,001 --> 03:10:03,000 IT'S HAD A LONG AND TORTURED HISTORY. 4435 03:10:03,001 --> 03:10:05,000 IN FACT, IT'S AN AMENDMENT THAT 4436 03:10:05,001 --> 03:10:07,000 I OFFERED WHEN THE NOW 4437 03:10:07,001 --> 03:10:08,000 PRESIDENT, BARAK OBAMA, WAS A 4438 03:10:08,001 --> 03:10:09,000 SENATOR AND HE 4439 03:10:09,001 --> 03:10:11,000 SUPPORTED IT. 4440 03:10:11,001 --> 03:10:12,000 IN FACT, DURING HIS CAMPAIGN 4441 03:10:12,001 --> 03:10:14,000 TALKED A LOT ABOUT THIS SUBJECT 4442 03:10:14,001 --> 03:10:17,000 IT'S THE ISSUE ABOUT SHUTTING 4443 03:10:17,001 --> 03:10:19,000 DOWN A PERVERSE TAX INCENTIVE IN 4444 03:10:19,001 --> 03:10:21,000 THIS COUNTRY FOR SHIPPING JOBS OVERSEAS. 4445 03:10:21,001 --> 03:10:22,000 SIMPLY WE PROVIDE 4446 03:10:22,001 --> 03:10:24,000 IF YOU'RE WILLING TO SHUT DOWN 4447 03:10:24,001 --> 03:10:27,000 YOUR FACTORY, FIRE YOUR WORKERS, 4448 03:10:27,001 --> 03:10:29,000 MOVE YOUR PRODUCT ELSEWHERE, WE 4449 03:10:29,001 --> 03:10:30,000 SAY, GOOD FOR YOU, WE'LL GIVE 4450 03:10:30,001 --> 03:10:32,000 YOU A TAX BREAK. 4451 03:10:32,001 --> 03:10:36,000 IT'S UNBELIEVABLE TO ME. 4452 03:10:36,001 --> 03:10:39,000 IT'S GONE ONOR A WHILE -- GONE ON FOR A WHILE. 4453 03:10:39,001 --> 03:10:40,000 WE HAD THREE OR FOUR RECORDED VOTES. 4454 03:10:40,001 --> 03:10:42,000 I LOST ALL OF THEM. 4455 03:10:42,001 --> 03:10:44,000 THERE ARE PEOPLE WHO 4456 03:10:44,001 --> 03:10:47,000 OUGHToO CONTINUE THE TAX INCENTIVE. 4457 03:10:47,001 --> 03:10:49,000 I THINK WE OUGHT TO TRY TO SEE 4458 03:10:49,001 --> 03:10:51,000 IF AT SOME POINT IF WE CAN GET 4459 03:10:51,001 --> 03:10:55,000 MAJORITY TO AGREEITH THE 4460 03:10:55,001 --> 03:10:56,000 SUBSIDIZING SHIPPING AMERICAN 4461 03:10:56,001 --> 03:10:59,000 JOBS OVERSEAS. 4462 03:10:59,001 --> 03:11:01,000 NOW, THIS IS A DESCRIPTION OF 4463 03:11:01,001 --> 03:11:04,000 THE COOL REFRESHING TASTE OF 4464 03:11:04,001 --> 03:11:08,000 MINT DIPPED IN DARK CHOCOLATE. 4465 03:11:08,001 --> 03:11:13,000 AND THE AD BY HERSHEY'S FOR 4466 03:11:13,001 --> 03:11:16,000 THEIR YORK PEMBINA P MINT -- 4467 03:11:16,001 --> 03:11:19,000 PEMPERMINT PATTY, SAYS THAT THE 4468 03:11:19,001 --> 03:11:21,000 COOL, REFRESHING TASTE OF MINT 4469 03:11:21,001 --> 03:11:22,000 DIPPED IN DARK CHOCOLATE WILL 4470 03:11:22,001 --> 03:11:23,000 TAKE YOU MILES AWAY. 4471 03:11:23,001 --> 03:11:26,000 LITTLE DID WE KNOW IT WOULD TAKE 4472 03:11:26,001 --> 03:11:29,000 YOU TO MEXICO, THAT'S WHERE THEY 4473 03:11:29,001 --> 03:11:31,000 ARE MAKING THESE MINT PATTIES. 4474 03:11:31,001 --> 03:11:34,000 THIS IS WHERE THEY USED TO BE 4475 03:11:34,001 --> 03:11:36,000 MADE, BUT NOW GONE TO MEXICO. 4476 03:11:36,001 --> 03:11:41,000 IN FACT THAT 260 JOBS WERE MOVED 4477 03:11:41,001 --> 03:11:42,000 TO MONTEREY, MEXICO AS PART OF A 4478 03:11:42,001 --> 03:11:45,000 LONG-TERM HERSHEY STRATEGY. 4479 03:11:45,001 --> 03:11:47,000 SO THAT'S JUST MINT 4480 03:11:47,001 --> 03:11:48,000 I SUPPOSE MINT PATTIES ARE NOT 4481 03:11:48,001 --> 03:11:51,000 AS IMPORTANT AS AUTOMOBILES OR 4482 03:11:51,001 --> 03:11:52,000 JOBS THAT ARE MAKING 4483 03:11:52,001 --> 03:11:55,000 SOPHISTICATED HIGH-TECH EQUIPMENT. 4484 03:11:55,001 --> 03:11:56,000 BUT, STILL, IN ALL, MINT 4485 03:11:56,001 --> 03:11:59,000 PATTIES. 4486 03:11:59,001 --> 03:12:00,000 AND HALLMARK CARDS, AN AMERICAN 4487 03:12:00,001 --> 03:12:02,000 COMPANY, PRIVATELY HELD IN 4488 03:12:02,001 --> 03:12:05,000 KANSAS CITY, MISSOURI, WITH A 4489 03:12:05,001 --> 03:12:08,000 100 YEAR HISTORY IN THIS COUNTRY OF OURS. 4490 03:12:08,001 --> 03:12:11,000 IT WAS FOUNDED BY A HIGH SCHOOL 4491 03:12:11,001 --> 03:12:14,000 DROPOUT WHO STARTED 4492 03:12:14,001 --> 03:12:18,000 IN 1910 WITH SHOE BOX POST CARDS. 4493 03:12:18,001 --> 03:12:20,000 HE SOLD A SHOE BOX FULL OF 4494 03:12:20,001 --> 03:12:21,000 POSTCARDS WHILE LIVING AT THE 4495 03:12:21,001 --> 03:12:24,000 YMCA IN KANSAS CITY. 4496 03:12:24,001 --> 03:12:28,000 ALL OF US KNOW THIS BECAME A 4497 03:12:28,001 --> 03:12:29,000 FABUSLY SUCCESSFUL -- FABUSLY 4498 03:12:29,001 --> 03:12:32,000 SUCCESSFUL CARD COMPANY. 4499 03:12:32,001 --> 03:12:33,000 I SUSPECT ALL OF US HAVE USED 4500 03:12:33,001 --> 03:12:34,000 HALLMARK CARDS TO SEND T 4501 03:12:34,001 --> 03:12:36,000 SOMEBODY. 4502 03:12:36,001 --> 03:12:39,000 THEY SAY, IF YOU CARE TO SEND THE VERY BEST. 4503 03:12:39,001 --> 03:12:40,000 THEY DON'T SAY WHERE TO SEND IT. 4504 03:12:40,001 --> 03:12:42,000 IF YOU'RE GOING TO SEND IT WHERE 4505 03:12:42,001 --> 03:12:44,000 THEY'RE MADE, GONE TO CHINA. 4506 03:12:44,001 --> 03:12:48,000 SO WHAT KIND OF CARD DO YOU SEND 4507 03:12:48,001 --> 03:12:50,000 TO A HALLMARK EMPLOYEE WHOSE JOB 4508 03:12:50,001 --> 03:12:52,000 IS NOW IN CHINA MAKING HALLMARK CARDS? 4509 03:12:52,001 --> 03:12:54,000 WELL, AGAIN, THAT'S 4510 03:12:54,001 --> 03:12:55,000 CARDS, PROBABLY, AS I SAY, NOT 4511 03:12:55,001 --> 03:12:56,000 AS IMPORTANT AS MAKING 4512 03:12:56,001 --> 03:12:59,000 AUTOMOBILES. 4513 03:12:59,001 --> 03:13:00,000 THOSE JOBS HAVE ALSO LEFT OR 4514 03:13:00,001 --> 03:13:03,000 MAKING REFRIGERATORS. 4515 03:13:03,001 --> 03:13:05,000 WELL, WHIRLPOOL, THEY'VE BEEN 4516 03:13:05,001 --> 03:13:08,000 INVOLVED AS WELL IN MOVING JOBS, 4517 03:13:08,001 --> 03:13:09,000 AND I TALKED ABOUT THIS 4518 03:13:09,001 --> 03:13:12,000 PREVIOUSLY. 4519 03:13:12,001 --> 03:13:14,000 WHIRLPOOL REFRIGERATORS, THEY'VE 4520 03:13:14,001 --> 03:13:17,000 MOVED JOBS ALL OVER THE WORLD, 4521 03:13:17,001 --> 03:13:19,000 BUT FROM EVANSVILLE, INDIANA, 4522 03:13:19,001 --> 03:13:21,000 THEY MOVED TO A FACTORY IN 4523 03:13:21,001 --> 03:13:26,000 MEXICO EVEN THOUGH THE COMPANY 4524 03:13:26,001 --> 03:13:28,000 ACCEPTED A \$19.3 MILLION GRANT 4525 03:13:28,001 --> 03:13:30,000 BY THE U.S. DEPARTMENT OF ENERGY 4526 03:13:30,001 --> 03:13:33,000 TO DEVELOP SMART APPLIANCES, 4527 03:13:33,001 --> 03:13:34,000 THOSE SMART APPLIANCES LEFT TO 4528 03:13:34,001 --> 03:13:37,000 GO SOUTH. 4529 03:13:37,001 --> 03:13:39,000 SO WHIRLPOOL APPLIANCES GONE TO 4530 03:13:39,001 --> 03:13:44,000 MEXICO. 4531 03:13:44,001 --> 03:13:46,000 1,100 U.S. JOBS MOVED TO MEXICO. 4532 03:13:46,001 --> 03:13:50,000 HERE'S A PICTURE OF A WOMAN 4533 03:13:50,001 --> 03:13:53,000 NAMED NATALIE FORD, 42 YEARS OLD. 4534 03:13:53,001 --> 03:13:55,000 SHE WORKED AT A WHIRLPOOL 4535 03:13:55,001 --> 03:13:56,000 APPLIANCE PLANT IN EVANSVILLE 4536 03:13:56,001 --> 03:13:57,000 FOR 19 YEARS AND SHE LEARNED 4537 03:13:57,001 --> 03:14:00,000 THAT HER JOB WAS MOVING TO 4538 03:14:00,001 --> 03:14:02,000 MEXICO IN NOVEMBER OF 2009. 4539 03:14:02,001 --> 03:14:04,000 THAT'S A PHOTOGRAPH OF NATALIE 4540 03:14:04,001 --> 03:14:05,000 WHEN SHE DISCOVERED THAT HER 4541 03:14:05,001 --> 03:14:06,000 19-YEAR INVESTMENT IN THIS 4542 03:14:06,001 --> 03:14:07,000 COMPANY WAS OVER. 4543 03:14:07,001 --> 03:14:10,000 IT WAS LIKE A PUNCH IN THE GUT, 4544 03:14:10,001 --> 03:14:12,000 SHE SAID. 4545 03:14:12,001 --> 03:14:15,000 NOW, I NOTICE EVERY MONTH WE 4546 03:14:15,001 --> 03:14:16,000 FOCUS ON THIS ISSUE, HOW M 4547 03:14:16,001 --> 03:14:19,000 JOBS HAVE WE CREATED IN 4548 03:14:19,001 --> 03:14:20,000 COUNTRY, HOW MUCH HAVE WE LOST? 4549 03:14:20,001 --> 03:14:21,000 HOW MANY PEOPLE ARE FILING FOR 4550 03:14:21,001 --> 03:14:22,000 UNEMPLOYMENT INSURANCE? 4551 03:14:22,001 --> 03:14:23,000 AND I CONSIDER THE JOB THING 4552 03:14:23,001 --> 03:14:25,000 KIND OF LIKE A BATHTUB. 4553 03:14:25,001 --> 03:14:26,000 YOU HAVE A FAUCET THAT YOU PUT 4554 03:14:26,001 --> 03:14:27,000 JOBS IN, THAT'S CREATING JOBS IN 4555 03:14:27,001 --> 03:14:29,000 THIS ECONOMY. 4556 03:14:29,001 --> 03:14:31,000 THEN YOU HAVE TO DRAIN IT, IT'S WIDE OPEN. 4557 03:14:31,001 --> 03:14:32,000 SO WE'RE TALKING ABOUT HOW MANY 4558 03:14:32,001 --> 03:14:34,000 JOBS WE MIGHT CREATE NEXT MONTH 4559 03:14:34,001 --> 03:14:35,000 AND THE DRA IS WIDE OPEN AND 4560 03:14:35,001 --> 03:14:36,000 THEY'RE GOING. 4561 03:14:36,001 --> 03:14:39,000 THEY'RE GOING TO CHINA. 4562 03:14:39,001 --> 03:14:40,000 LET ME JUST -- I MIGHT JUST 4563 03:14:40,001 --> 03:14:41,000 SHOW, FOR EXAMPLE, A COUPLE OF 4564 03:14:41,001 --> 03:14:44,000 PHOTOGRAPHS OF WHERE SOME OF 4565 03:14:44,001 --> 03:14:46,000 THESE JOBS GO. 4566 03:14:46,001 --> 03:14:50,000 THIS IS THE HOME OF 4567 03:14:50,001 --> 03:14:52,000 SALVADORAN WORKER THAT MAKES NFL JERSEYS. 4568 03:14:52,001 --> 03:14:54,000 THEY SELL FOR \$80 APIECE IN THE 4569 03:14:54,001 --> 03:14:56,000 UNITED STATES OF AMERICA. 4570 03:14:56,001 --> 03:15:00,000 NFL FOOTBALL JERSEYS. 4571 03:15:00,001 --> 03:15:01,000 HERE'S THE HOME OF 4572 03:15:01,001 --> 03:15:04,000 I'VE HELD HEARING AFTER HEARING 4573 03:15:04,001 --> 03:15:07,000 ABOUT THESE ISSUES. 4574 03:15:07,001 --> 03:15:11,000 THIS IS REEBOK NFL JERSEYS MADE 4575 03:15:11,001 --> 03:15:12,000 BY A CHINESE SWEATSHOP IN EL 4576 03:15:12,001 --> 03:15:13,000 SALVADOR. 4577 03:15:13,001 --> 03:15:15,000 AGAIN, THAT MERGES ALL THE BEST 4578 03:15:15,001 --> 03:15:19,000 OF WHAT WE KNOW IS WRONG WITH 4579 03:15:19,001 --> 03:15:23,000 THE ISSUE OF MIGRATION OF JOBS. 4580 03:15:23,001 --> 03:15:26,000 A CHINESE-OWNED SWEATSHOP IN EL 4581 03:15:26,001 --> 03:15:27,000 SALVADOR, MAKING NFL JERSEYS FOR 4582 03:15:27,001 --> 03:15:29,000 REEBOK. 4583 03:15:29,001 --> 03:15:30,000 NOW, I HAVE HELD HEARINGS AND 4584 03:15:30,001 --> 03:15:31,000 HAD PEOPLE WHO WORK IN EL 4585 03:15:31,001 --> 03:15:34,000 SALVADOR TESTIFY AT HEARINGS, 4586 03:15:34,001 --> 03:15:35,000 AND I WON'T -- I WON'T SPEND 4587 03:15:35,001 --> 03:15:38,000 MUCH TIME ON THIS BECAUSE HAVE 4588 03:15:38,001 --> 03:15:40,000 SHOWN IT ON THE FLOOR SO MANY TIMES. 4589 03:15:40,001 --> 03:15:43,000 THIS IS RADIO FLYER, THE LITTLE 4590 03:15:43,001 --> 03:15:45,000 RED WAGON MADE IN CHICAGO. 4591 03:15:45,001 --> 03:15:47,000 110-YEAR-OLD COMPANY MADE BY A 4592 03:15:47,001 --> 03:15:49,000 WONDERFUL IMMIGRANT WHO LOVED 4593 03:15:49,001 --> 03:15:52,000 RADIOS AND HE LOVED AIRPLANES, 4594 03:15:52,001 --> 03:15:53,000 BUT HE BUILT A LITTLE RED WAGON 4595 03:15:53,001 --> 03:15:56,000 THAT EVERY KID IN THIS COUNTRY 4596 03:15:56,001 --> 03:15:58,000 HAS RIDDEN IN, AND WHAT DID HE 4597 03:15:58,001 --> 03:16:00,000 NAME THE LITTLE RED WAGON? 4598 03:16:00,001 --> 03:16:02,000 RADIO FLYER BECAUSE HE LIKED 4599 03:16:02,001 --> 03:16:03,000 AIRPLANES AND LIKED RADIOS. 4600 03:16:03,001 --> 03:16:05,000 WE ALL UNDERSTAND WHAT RADIO 4601 03:16:05,001 --> 03:16:07,000 FLYER MEANS. 4602 03:16:07,001 --> 03:16:08,000 IT MEANS A LITTLE RED WAGON THAT 4603 03:16:08,001 --> 03:16:10,000 PULLS KIDS. 4604 03:16:10,001 --> 03:16:11,000 BUT THEY ARE GONE, NOT MADE IN 4605 03:16:11,001 --> 03:16:13,000 ILLINOIS ANYMORE. 4606 03:16:13,001 --> 03:16:16,000 RADIO FLYER. 4607 03:16:16,001 --> 03:16:17,000 AND MAYBE, MAYBE THAT'S 4608 03:16:17,001 --> 03:16:18,000 ONE DOESN'T CARE WHERE THESE 4609 03:16:18,001 --> 03:16:19,000 THINGS ARE MADE OR WHERE THE 4610 03:16:19,001 --> 03:16:21,000 JOBS ARE. 4611 03:16:21,001 --> 03:16:23,000 D FINALLY HUFFY BICYCLES. 4612 03:16:23,001 --> 03:16:26,000 AND I KNOW I HAVE DESCRIBED THIS 4613 03:16:26,001 --> 03:16:29,000 COMPANY FOREVER, BUT THOSE WHO 4614 03:16:29,001 --> 03:16:30,000 WORKED THERE WERE PAID \$11 AN 4615 03:16:30,001 --> 03:16:32,000 HOUR, AND THEY ALL LOST THEIR 4616 03:16:32,001 --> 03:16:34,000 JOBS, ALL OF THEM. 4617 03:16:34,001 --> 03:16:36,000 THERE IS STILL A HUFFY BICYCLE. 4618 03:16:36,001 --> 03:16:37,000 BY THE WAY, THIS COMPANY WENT 4619 03:16:37,001 --> 03:16:38,000 BANKRUPT. 4620 03:16:38,001 --> 03:16:40,000 ALL THE JOBS ARE IN CHINA. 4621 03:16:40,001 --> 03:16:41,000 THEN THEY DECLARED BANKRUPTCY. 4622 03:16:41,001 --> 03:16:42,000 THEN THE PENSIONS FOR ALL THE 4623 03:16:42,001 --> 03:16:43,000 PEOPLE WHO WERE FIRED IN THE 4624 03:16:43,001 --> 03:16:45,000 UNITED STATES MAKING HUFFY 4625 03:16:45,001 --> 03:16:46,000 BICYCLES, MANY OF THEM MADE 4626 03:16:46,001 --> 03:16:47,000 HUFFY BICYCLES FOR DECADES, THE 4627 03:16:47,001 --> 03:16:49,000 PENSION PLANS ARE TAKEN OVER BY 4628 03:16:49,001 --> 03:16:50,000 THE FEDERAL GOVERNMENT BECAUSE 4629 03:16:50,001 --> 03:16:52,000 THE PLACE DECLARED BANKRUPTCY, 4630 03:16:52,001 --> 03:16:54,000 AND NOW THE CHINESE OWN THE 4631 03:16:54,001 --> 03:16:56,000 BRAND AND THEY MAKE THESE BIKES 4632 03:16:56,001 --> 03:16:59,000 AND I KNOW WHO MAKES THEM. 4633 03:16:59,001 --> 03:17:03,000 THEY'RE MADE BY 4634 03:17:03,001 --> 03:17:04,000 THAT MAKE 30 CENTS, 50 CENTS, 60 4635 03:17:04,001 --> 03:17:06,000 CENTS AN HOUR TOPS. 4636 03:17:06,001 --> 03:17:07,000 TH WORK SEVEN DAYS 4637 03:17:07,001 --> 03:17:09,000 12-14 HOURS A DAY. 4638 03:17:09,001 --> 03:17:10,000 SO THAT'S WHAT'S HAPPENING. 4639 03:17:10,001 --> 03:17:11,000 AND I HAVEN'T DESCRIBED THE 4640 03:17:11,001 --> 03:17:13,000 AUTOMOBILES AND WHAT'S HAPPENING 4641 03:17:13,001 --> 03:17:15,000 OR THE AIRPLANES, FOR THAT 4642 03:17:15,001 --> 03:17:18,000 MATTER, AIRPLANE PARTS. 4643 03:17:18,001 --> 03:17:20,000 BUT THE LIST IS VERY SUBSTANTIAL, AND I HAVE SPOKEN 4644 03:17:20,001 --> 03:17:22,000 ABOUT IT AT GREAT LEAPT. 4645 03:17:22,001 --> 03:17:25,000 I HAVE DESCRIBED THE FRUIT OF 4646 03:17:25,001 --> 03:17:26,000 THE LOOM UNDERWEAR LEFT AMERICA. 4647 03:17:26,001 --> 03:17:29,000 MAYBE UNDERWEAR IS MORE 4648 03:17:29,001 --> 03:17:31,000 IMPORTANT OR LESS IMPORTANT THAN 4649 03:17:31,001 --> 03:17:33,000 THAN -- THAN CHOCOLATE MINTS OR 4650 03:17:33,001 --> 03:17:35,000 HALLMARK CARDS, I DON'T KNOW, 4651 03:17:35,001 --> 03:17:37,000 BUT FRUIT OF THE LOOM, THAT WAS 4652 03:17:37,001 --> 03:17:39,000 THE COMPANY THAT USED TO HAVE 4653 03:17:39,001 --> 03:17:41,000 THE DANCING GRAPES, RED GRAPES 4654 03:17:41,001 --> 03:17:42,000 AND GREEN GRAPES THAT PEOPLE 4655 03:17:42,001 --> 03:17:43,000 WOULD DRESS UP 4656 03:17:43,001 --> 03:17:45,000 I DON'T KNOW WHAT KIND OF PEOPLE 4657 03:17:45,001 --> 03:17:47,000 DRESS UP IN GRAPE OUTFITS, BUT 4658 03:17:47,001 --> 03:17:49,000 THEY SEEMED TO HAVE FUN AND THEY 4659 03:17:49,001 --> 03:17:50,000 ADVERTISED FRUIT OF THE LOOM UNDERWEAR. 4660 03:17:50,001 --> 03:17:51,000 THEN ALL OF A SUDDEN THERE IS 4661 03:17:51,001 --> 03:17:52,000 NOT ANY UNDERWEAR MADE IN THE 4662 03:17:52,001 --> 03:17:54,000 U.S. BY FRUIT OF THE LOOM. 4663 03:17:54,001 --> 03:17:56,000 YOU KNOW, THERE IS NOT ONE PAIR 4664 03:17:56,001 --> 03:17:57,000 OF LEVIS MADE IN THE UNITED 4665 03:17:57,001 --> 03:17:59,000 STATES, NOT ONE. 4666 03:17:59,001 --> 03:18:01,000 WE TALK ABOUT THE ALL-AMERICAN 4667 03:18:01,001 --> 03:18:04,000 COMPANY, BUYING YOUR FIRST PAIR 4668 03:18:04,001 --> 03:18:05,000 OF LEVIS, BUYING A PAIR OF LEVIS 4669 03:18:05,001 --> 03:18:07,000 FOR SCHOOL. 4670 03:18:07,001 --> 03:18:08,000 THERE IS NOT ONE PAIR OF LEVIS 4671 03:18:08,001 --> 03:18:09,000 MADE IN THE UNITED STATES. 4672 03:18:09,001 --> 03:18:13,000 ALL MIGRATED, ALL GONE. 4673 03:18:13,001 --> 03:18:15,000 SO HERE'S THE PROPOSITION. 4674 03:18:15,001 --> 03:18:16,000 WE STAND IDLY BY WHILE MONTH 4675 03:18:16,001 --> 03:18:18,000 AFTER MONTH AFTER MONTH THESE 4676 03:18:18,001 --> 03:18:19,000 JOBS ARE LEAVING. 4677 03:18:19,001 --> 03:18:21,000 NOW, I DESCRIBED PREVIOUSLY ON 4678 03:18:21,001 --> 03:18:23,000 THE FLOOR ABOUT AN AIRPLANE TRIP 4679 03:18:23,001 --> 03:18:26,000 I TOOK ABOUT FOURR FIVE MONTHS 4680 03:18:26,001 --> 03:18:28,000 AGO, AND I SAT NEXT TO A MAN WHO 4681 03:18:28,001 --> 03:18:30,000 WAS WEARING A GYM OUTFIT, KIND 4682 03:18:30,001 --> 03:18:31,000 OF, THE SWEAT PANTS AND SO ON, 4683 03:18:31,001 --> 03:18:32,000 AND HE WAS PRETTY COMFORTABLE ON 4684 03:18:32,001 --> 03:18:33,000 THAT AIRPLANE. 4685 03:18:33,001 --> 03:18:35,000 I SAID WHERE ARE YOU HEADED? 4686 03:18:35,001 --> 03:18:37,000 HE SAID WELL, I'M GOING TO ASIA. 4687 03:18:37,001 --> 03:18:39,000 HE SAID I'M GOING TO BE ON A 4688 03:18:39,001 --> 03:18:41,000 LONG TRIP HERE, PROBABLY ABOUT 4689 03:18:41,001 --> 03:18:42,000 25, 30 HOURS, SO I JUST D 4690 03:18:42,001 --> 03:18:44,000 TO DRESS DOWN. 4691 03:18:44,001 --> 03:18:46,000 SO HE WAS WEARING JUST ONE OF 4692 03:18:46,001 --> 03:18:47,000 THOSE SWEAT OUTFITS. 4693 03:18:47,001 --> 03:18:48,000 I SAID WELL, WHY ARE YOU GOING 4694 03:18:48,001 --> 03:18:50,000 TO ASIA? 4695 03:18:50,001 --> 03:18:53,000 HE SAID WELL, MYOMPANY WANTS 4696 03:18:53,001 --> 03:18:55,000 TO MOVE THE SUPPLIERS, THE JOBS 4697 03:18:55,001 --> 03:18:57,000 AND HAVE THE PRODUCTS THAT WE 4698 03:18:57,001 --> 03:19:00,000 BUY FROM THESE SUPPLIERS MADE IN 4699 03:19:00,001 --> 03:19:02,000 SINGAPORE, THAILAND AND CHINA, 4700 03:19:02,001 --> 03:19:03,000 SO I'M GOING ON A TRIP TO 4701 03:19:03,001 --> 03:19:05,000 SINGAPORE, THAILAND AND CHINA TO 4702 03:19:05,001 --> 03:19:06,000 TAKE A LOOK AT WHERE WE CAN MOVE 4703 03:19:06,001 --> 03:19:08,000 THESE JOBS TO THESE COUNTRIES. 4704 03:19:08,001 --> 03:19:10,000 AND I'MHINKING HERE IS A GUY 4705 03:19:10,001 --> 03:19:12,000 SITTING ON AN AIRPLANE WEARING A 4706 03:19:12,001 --> 03:19:14,000 SWEAT SUIT, AND HE'S GOING 4707 03:19:14,001 --> 03:19:16,000 SOMEPLACE AND THERE ARE HUNDREDS 4708 03:19:16,001 --> 03:19:17,000 OR PERHAPS THOUSANDS OF WORKERS 4709 03:19:17,001 --> 03:19:18,000 WHOSE JOBS ARE GOING TO BE 4710 03:19:18,001 --> 03:19:20,000 TRADED AWAY BECAUSE SOMEBODY 4711 03:19:20,001 --> 03:19:22,000 HERE DECIDED WE CAN MAKE 4712 03:19:22,001 --> 03:19:24,000 THOSE -- THOSE KINDS OF PRODUCTS 4713 03:19:24,001 --> 03:19:26,000 MUCH LESS EXPENSIVELY IF WE CAN 4714 03:19:26,001 --> 03:19:27,000 FIND PEOPLE THAT WILL WORK FOR 4715 03:19:27,001 --> 03:19:30,000 30 CENTS AN HOUR. 4716 03:19:30,001 --> 03:19:32,000 BUT PERVERSELY, IT'S NOT JUST THAT. 4717 03:19:32,001 --> 03:19:34,000 WE HAVE ALSO 4718 03:19:34,001 --> 03:19:38,000 WILL DO THAT, JUST SHUT THE 4719 03:19:38,001 --> 03:19:40,000 DOOR, FIRE THE WORKERS, CHAIN 4720 03:19:40,001 --> 03:19:41,000 THE FACTORY GATE, WE HAVE GIVE 4721 03:19:41,001 --> 03:19:42,000 THEM A BIG, FAT TAX BREAK. 4722 03:19:42,001 --> 03:19:44,000 IF YOU HAVE GOT TWO COMPANIES 4723 03:19:44,001 --> 03:19:45,000 ACROSS THE STREET FROM EACH 4724 03:19:45,001 --> 03:19:47,000 OTHER BOTH MAKING THE SAME 4725 03:19:47,001 --> 03:19:48,000 PRODUCT, BOTH DOING THE SAME 4726 03:19:48,001 --> 03:19:50,000 THING, BOTH EMPLOYING THE SAME 4727 03:19:50,001 --> 03:19:53,000 NUMBER OF PEOPLE AND ONE SAYS 4728 03:19:53,001 --> 03:19:55,000 I'M MOVING TO CHINA, FIRES THE 4729 03:19:55,001 --> 03:19:56,000 WORKERS, LOX THE GATE, THE OTHER 4730 03:19:56,001 --> 03:19:58,000 SAYS I'M STAYING HERE, GUESS 4731 03:19:58,001 --> 03:20:00,000 WHAT THEIFFERENCE IS THE NEXT YEAR. 4732 03:20:00,001 --> 03:20:02,000 IF THEY MAKE THE SAME AMOUNT OF 4733 03:20:02,001 --> 03:20:04,000 MONEY, THEN THE COMPANY THAT 4734 03:20:04,001 --> 03:20:05,000 STAYS HERE PAYS HIGHER TAXES AND 4735 03:20:05,001 --> 03:20:06,000 THE COMPANY THAT LEAVES PAYS 4736 03:20:06,001 --> 03:20:10,000 LOWER TAXES. 4737 03:20:10,001 --> 03:20:12,000 THAT'S THE PERVERSE, INSANE TAX 4738 03:20:12,001 --> 03:20:13,000 INCENTIVE THAT EXISTS IN OUR TAX 4739 03:20:13,001 --> 03:20:15,000 CODE. 4740 03:20:15,001 --> 03:20:17,000 NOW, THE AMENDMENT THAT I HAVE 4741 03:20:17,001 --> 03:20:19,000 FILED DEALS WITH THE ISSUE OF 4742 03:20:19,001 --> 03:20:20,000 WHAT IS CALLED DEFERRAL, 4743 03:20:20,001 --> 03:20:22,000 DEFERRING YOUR OBLIGATION TO 4744 03:20:22,001 --> 03:20:25,000 HAVE TO PAY TAXES TO A LATER 4745 03:20:25,001 --> 03:20:29,000 DATE WHEN YOU REPATRIATE THE INCOME. 4746 03:20:29,001 --> 03:20:31,000 I DON'T ELIMINATE DEFERRAL ALL TOGETHER. 4747 03:20:31,001 --> 03:20:33,000 I ELIMINATE DEFERRAL WHEN A 4748 03:20:33,001 --> 03:20:35,000 COMPANY LEAVES OUR COUNTRY TO GO 4749 03:20:35,001 --> 03:20:36,000 ABROAD AND PRODUCE A PRODUCT TO 4750 03:20:36,001 --> 03:20:38,000 SELL BACK INTO OUR MARKETPLACE. 4751 03:20:38,001 --> 03:20:40,000 IF THAT'S YOUR MOTIVE, THEN YOU 4752 03:20:40,001 --> 03:20:41,000 OUGHT NOT GET A TAX BREAK FROM 4753 03:20:41,001 --> 03:20:43,000 THIS GOVERNMENT OR THIS COUNTRY. 4754 03:20:43,001 --> 03:20:44,000 IT MAKES NO SENSE FOR US TO 4755 03:20:44,001 --> 03:20:46,000 CONTINUE THIS BEHAVIOR. 4756 03:20:46,001 --> 03:20:48,000 AS I HAVE INDICATED, I HAVE 4757 03:20:48,001 --> 03:20:49,000 REQUIRED VOTES ON THIS -- HAD 4758 03:20:49,001 --> 03:20:50,000 DEBATES, REQUIRED VOTES, AND 4759 03:20:50,001 --> 03:20:53,000 THERE ARE PEOPLE IN THIS CHAMBER 4760 03:20:53,001 --> 03:20:54,000 WHO CAST A VOTE AGAINST AN 4761 03:20:54,001 --> 03:20:57,000 AMENDMENT LIKE THIS AND THEN 4762 03:20:57,001 --> 03:20:59,000 RUSH OFF 4763 03:20:59,001 --> 03:21:00,000 WILL EVEN BEHE ONES THAT TALK 4764 03:21:00,001 --> 03:21:02,000 ABOUT HOW THEY SUPPORT AMERICAN JOBS. 4765 03:21:02,001 --> 03:21:03,000 DON'T TELL YOU SUPPORT AN 4766 03:21:03,001 --> 03:21:04,000 AMERICAN JOB IF YOU SUPPORT A 4767 03:21:04,001 --> 03:21:05,000 TACK INCENTIVE THAT MOVES OUR 4768 03:21:05,001 --> 03:21:07,000 JOBS OVERSEAS. 4769 03:21:07,001 --> 03:21:09,000 JUST DON'T TELL ME BECAUSE IT'S 4770 03:21:09,001 --> 03:21:14,000 NOT TRUE. 4771 03:21:14,001 --> 03:21:17,000 NOW, WE WILL AGAIN 4772 03:21:17,001 --> 03:21:18,000 RIGHT ON THE EDGE OF A KNIFE 4773 03:21:18,001 --> 03:21:19,000 WONDER WHAT IS HAPPENING TO THIS 4774 03:21:19,001 --> 03:21:20,000 ECONOMY BY THE EDGE OF 4775 03:21:20,001 --> 03:21:22,000 UNEMPLOYMENT NUMBERS OR THE 4776 03:21:22,001 --> 03:21:25,000 EVIDENCE OF NEW JOBS CREATED. 4777 03:21:25,001 --> 03:21:26,000 AND AS I SAID, IT IS FINE, AND I 4778 03:21:26,001 --> 03:21:27,000 WORK WITH ALL OF THE PEOPLE 4779 03:21:27,001 --> 03:21:28,000 HERE. 4780 03:21:28,001 --> 03:21:30,000 IN FACT, THE BILL THAT'S ON THE 4781 03:21:30,001 --> 03:21:32,000 FLOOR IS THE SO-CALLED EXTENDER 4782 03:21:32,001 --> 03:21:33,000 BILL, A JOBS BILL, AN ATTEMPT TO 4783 03:21:33,001 --> 03:21:35,000 INVEST INEW JOBS IN THIS 4784 03:21:35,001 --> 03:21:36,000 COUNTRY AND INCENTIVIZE NEW JOBS 4785 03:21:36,001 --> 03:21:38,000 IN THIS COUNTRY. 4786 03:21:38,001 --> 03:21:39,000 BUT TO THE EXTENT THAT WE CREATE 4787 03:21:39,001 --> 03:21:42,000 A NEW JOB IN THIS COUNTRY AT 4788 03:21:42,001 --> 03:21:43,000 EXACTLY THE SAME TIME AND 4789 03:21:43,001 --> 03:21:45,000 INCENTIVIZE PEOPLE RUNNING JOBS 4790 03:21:45,001 --> 03:21:46,000 OUT OF THE COUNTRY, THAT'S JUST 4791 03:21:46,001 --> 03:21:49,000 BONE HEADED. 4792 03:21:49,001 --> 03:21:50,000 WE CAN'T --ONEHEADED. 4793 03:21:50,001 --> 03:21:51,000 WE CAN'T KEEP DOING THIS. 4794 03:21:51,001 --> 03:21:54,000 AT SOME POINT, THE CONGRESS HAS 4795 03:21:54,001 --> 03:21:55,000 TO DECIDE BASED ON SOME 4796 03:21:55,001 --> 03:21:56,000 RESERVOIR OF COMMON SENSE THAT 4797 03:21:56,001 --> 03:21:57,000 WE'RE NOT GOING TO PROVIDE 4798 03:21:57,001 --> 03:21:58,000 INCENTIVES FOR PEOPLE THAT MOVE 4799 03:21:58,001 --> 03:22:00,000 AMERICAN JOBS ELSEWHERE. 4800 03:22:00,001 --> 03:22:02,000 WE HAVE TROUBLE ENOUGH COMPETING 4801 03:22:02,001 --> 03:22:03,000 WITH -- WITH LABOR CON 4802 03:22:03,001 --> 03:22:05,000 THAT EXIST AS I HAVE DESCRIBED 4803 03:22:05,001 --> 03:22:08,000 IN THESE POSTERS AND WITH THE 4804 03:22:08,001 --> 03:22:11,000 NUMBER OF CIRCUMSTANCES THAT 4805 03:22:11,001 --> 03:22:13,000 EXIST IN THE HIRING OF 4806 03:22:13,001 --> 03:22:16,000 IN CHINA WHO -- THAT YOU CAN 4807 03:22:16,001 --> 03:22:17,000 WORK SEVEN DAYS A WEEK, 12, 14 4808 03:22:17,001 --> 03:22:18,000 HOURS A DAY. 4809 03:22:18,001 --> 03:22:20,000 BY THE WAY, YOU CAN HOUSE THEM, 4810 03:22:20,001 --> 03:22:22,000 YOU CAN SLEEP THEM IN A CINDER 4811 03:22:22,001 --> 03:22:23,000 BLOCK ROOM THAT HOLDS 12 PEOPLE. 4812 03:22:23,001 --> 03:22:25,000 THAT -- THAT'S WHAT'S HAPPENING. 4813 03:22:25,001 --> 03:22:28,000 WE HAVE TROUBLE ENOUGH COMPETING 4814 03:22:28,001 --> 03:22:29,000 WITH THAT, LET ALONE GIVING A 4815 03:22:29,001 --> 03:22:31,000 BIG TAX INCENTIVE TO SOMEBODY 4816 03:22:31,001 --> 03:22:32,000 THAT SAYS THAT'S WHERE I WANT TO 4817 03:22:32,001 --> 03:22:35,000 DO MY BUSINESS. 4818 03:22:35,001 --> 03:22:36,000 SO I'M JUST SAYING I FILED AN 4819 03:22:36,001 --> 03:22:37,000 AMENDMENT, I KNOW THERE IS KIND 4820 03:22:37,001 --> 03:22:39,000 OF A DANCE GOING ON HERE TO 4821 03:22:39,001 --> 03:22:40,000 DECIDE WHO GETS VOTES AND WHO 4822 03:22:40,001 --> 03:22:42,000 DOESN'T, BUT IF WE'RE WORRIED 4823 03:22:42,001 --> 03:22:45,000 ABOUT THIS ECONOMY, WORRIED 4824 03:22:45,001 --> 03:22:47,000 ABOUT TRYING TO INCENTIVIZE 4825 03:22:47,001 --> 03:22:49,000 AMERICAN JOBS, WE HAVE GOT TO 4826 03:22:49,001 --> 03:22:52,000 VOTE ON THIS AMENDMENT AND -- 4827 03:22:52,001 --> 03:22:53,000 AND WE OUGHT TO PASS IT WITH A 4828 03:22:53,001 --> 03:22:55,000 RESOUNDING VOTE. 4829 03:22:55,001 --> 03:22:56,000 DOES ANYBODY HERE CARE ABOUT 4830 03:22:56,001 --> 03:22:58,000 WHETHER MADE IN AMERICA ONCE 4831 03:22:58,001 --> 03:23:00,000 AGAIN IS SOMETHING THAT YOU CAN 4832 03:23:00,001 --> 03:23:04,000 PUT AS A STICKER ON A PRODUCT? 4833 03:23:04,001 --> 03:23:06,000 DO WE CARE AT ALL, OR IS IT JUST 4834 03:23:06,001 --> 03:23:08,000 THAT WE DON'T NEED TO MAKE ANYTHING? 4835 03:23:08,001 --> 03:23:10,000 IT SEEMS TO ME AMERICA'S FUTURE 4836 03:23:10,001 --> 03:23:13,000 IS TO UNDERSTAND AND LEARN FROM 4837 03:23:13,001 --> 03:23:14,000 OUR PAST THAT WE ARE A STRONG 4838 03:23:14,001 --> 03:23:16,000 WORLD-CLASS ECONOMY ONLY WHEN WE 4839 03:23:16,001 --> 03:23:18,000 HAVE A WORLD-CLASS MANUFACTURING BASE. 4840 03:23:18,001 --> 03:23:20,000 WE WILL NOT LONG REMAIN A 4841 03:23:20,001 --> 03:23:22,000 WORLD-CLASS ECONOMY IF WE DECIDE 4842 03:23:22,001 --> 03:23:23,000 IT DOESN'T MATTER WHAT OUR 4843 03:23:23,001 --> 03:23:25,000 MANUFACTURING BASE IS. 4844 03:23:25,001 --> 03:23:29,000 IN THE LAST NINE YEARS, WE HAVE 4845 03:23:29,001 --> 03:23:30,000 MANUFACTURING BASE OF PEOPLE 4846 03:23:30,001 --> 03:23:31,000 THAT MAKE THINGS. 4847 03:23:31,001 --> 03:23:33,000 I'M TALKING ABOUT PEOPLE THAT GO 4848 03:23:33,001 --> 03:23:35,000 TO WORK AND THEYAKE A SHOWER AFTER WORK. 4849 03:23:35,001 --> 03:23:38,000 THEY ARE ON A FACTORY FLOOR 4850 03:23:38,001 --> 03:23:39,000 SOMEPLACE AND THEY ARE MAKING 4851 03:23:39,001 --> 03:23:41,000 REAL PRODUCTS, MADE IN AMERICA. 4852 03:23:41,001 --> 03:23:42,000 THAT HAS BEEN THE RESERVOIR AND 4853 03:23:42,001 --> 03:23:44,000 THE SOURCE OF A LOT OF GOOD JOBS 4854 03:23:44,001 --> 03:23:45,000 TH BENEFITS. 4855 03:23:45,001 --> 03:23:47,000 IT ALWAYS HAS BEEN. 4856 03:23:47,001 --> 03:23:48,000 IT'S WHAT LARGELY EXPANDED THE 4857 03:23:48,001 --> 03:23:49,000 MIDDLE CLASS IN THIS COUNTRY. 4858 03:23:49,001 --> 03:23:51,000 BUT NOW THERE IS -- THERE IS 4859 03:23:51,001 --> 03:23:52,000 SOME NOTION THAT IT DOESN'T 4860 03:23:52,001 --> 03:23:53,000 MATTER SOMEHOW. 4861 03:23:53,001 --> 03:23:56,000 THIS IS JUST A WORLD ECONOMY, 4862 03:23:56,001 --> 03:23:59,000 AND IT DOESN'T REALLY MATTER. 4863 03:23:59,001 --> 03:24:01,000 YOU JUST SEARCH -- GET ON YOUR 4864 03:24:01,001 --> 03:24:02,000 AIRPLANE, GO SEARCH AROUND THE PLANET. 4865 03:24:02,001 --> 03:24:04,000 WHERE COULD YOU LAND THAT PLANE, 4866 03:24:04,001 --> 03:24:07,000 OPEN UP A PLANT AND HIRE 4867 03:24:07,001 --> 03:24:09,000 SOMEBODY FOR 30 CENTS AN HOUR? 4868 03:24:09,001 --> 03:24:11,000 WELL, I TELL YOU WHAT. 4869 03:24:11,001 --> 03:24:13,000 THE QUESTION OF WHO IS GOING TO 4870 03:24:13,001 --> 03:24:14,000 CLEAR THE PRODUCTS FROM THE 4871 03:24:14,001 --> 03:24:16,000 SHELVES THAT ARE FOR SALE IN 4872 03:24:16,001 --> 03:24:19,000 THIS COUNTRY IS A VERY 4873 03:24:19,001 --> 03:24:21,000 INTERESTING QUESTION. 4874 03:24:21,001 --> 03:24:23,000 MR. FORD WHEN HE OPENED HIS FORD 4875 03:24:23,001 --> 03:24:24,000 PLANT TO BEGIN BUILDING 4876 03:24:24,001 --> 03:24:25,000 AUTOMOBILES BELIEVED THAT YOU 4877 03:24:25,001 --> 03:24:27,000 OUGHT TO PAY A WAGE TO THE 4878 03:24:27,001 --> 03:24:29,000 WORKERS THAT GAVE THE WORKERS A 4879 03:24:29,001 --> 03:24:30,000 CHANCE TO BUY THE PRODUCT THAT 4880 03:24:30,001 --> 03:24:31,000 THEY MADE. 4881 03:24:31,001 --> 03:24:34,000 IN THE LARGER AREGATE SENSE, 4882 03:24:34,001 --> 03:24:35,000 THE QUESTION IS WHO WILL BUY THE 4883 03:24:35,001 --> 03:24:36,000 PRODUCTS ON THE SHELF THAT 4884 03:24:36,001 --> 03:24:40,000 PEOPLE DON'T HAVE JOBS? 4885 03:24:40,001 --> 03:24:42,000 SO YOU FIRE YOUR WORKERS AND YOU 4886 03:24:42,001 --> 03:24:44,000 MAKE HERSHEY'S MINT PATTIES IN 4887 03:24:44,001 --> 03:24:46,000 MEXICO OR YOU MAKE HALLMARK 4888 03:24:46,001 --> 03:24:48,000 CARDS IN CHINA OR YOU DECIDE TO 4889 03:24:48,001 --> 03:24:49,000 MAKE BICYCLES AND LITTLE RED 4890 03:24:49,001 --> 03:24:52,000 WAGONS AND AUTOMOBILES AND 4891 03:24:52,001 --> 03:24:53,000 TRUCKS AND AIRPLANES ELSEWHERE. 4892 03:24:53,001 --> 03:24:55,000 WHO'S GOING TO BE ON THE FACTORY 4893 03:24:55,001 --> 03:24:58,000 FLOOR PRODUCING PRODUCTS IN THIS COUNTRY? 4894 03:24:58,001 --> 03:24:59,000 WHO IS GOING TO EARN THE WAGE BY 4895 03:24:59,001 --> 03:25:01,000 WHICH THEY BECOME CONSUMERS? 4896 03:25:01,001 --> 03:25:04,000 WE ARE 4897 03:25:04,001 --> 03:25:05,000 JOBS RIGHT NOW IN THIS COUNTRY. 4898 03:25:05,001 --> 03:25:07,000 20 MILLION JOBS IS WHAT WE NEED 4899 03:25:07,001 --> 03:25:09,000 TO PUT PEOPLE TO WORK. 4900 03:25:09,001 --> 03:25:10,000 WE HAVE JUST GONE THROUGH 4901 03:25:10,001 --> 03:25:12,000 COMMENCEMENT EXERCISES IN THIS COUNTRY. 4902 03:25:12,001 --> 03:25:14,000 YOU HAVE A LOT OF KIDS THAT PUT 4903 03:25:14,001 --> 03:25:15,000 ON A CAP AND A GOWN WITH 4904 03:25:15,001 --> 03:25:18,000 ENORMOUS PRIDE HAVING FINALLY AT 4905 03:25:18,001 --> 03:25:20,000 LAST GRADUATED FROM COLLEGE, AND 4906 03:25:20,001 --> 03:25:21,000 A WHOLE LOT OF THEM CAN'T FIND A 4907 03:25:21,001 --> 03:25:23,000 THING TO DO. 4908 03:25:23,001 --> 03:25:26,000 CAN'T FIND WORK. 4909 03:25:26,001 --> 03:25:28,000 NOW, LET ME JUST SAY THAT THIS 4910 03:25:28,001 --> 03:25:29,000 PRESIDENT, WHEN HE WALKED ACROSS 4911 03:25:29,001 --> 03:25:34,000 THE THRESHOLD OF THE DOOR OF THE 4912 03:25:34,001 --> 03:25:36,000 WHITE HOUSE, HE INHERITED A 4913 03:25:36,001 --> 03:25:38,000 A \$1.3 TRILLION FEDERAL BUDGET 4914 03:25:38,001 --> 03:25:41,000 DEFICIT LEFT BY THE PREVIOUS ADMINISTRATION. 4915 03:25:41,001 --> 03:25:44,000 HAD HE DONE NOTHING, HAD HE BEEN 4916 03:25:44,001 --> 03:25:46,000 RELATIONSHIP VAN WINKLE AND -- 4917 03:25:46,001 --> 03:25:48,000 HAD HE BEEN RIP VAN WINKLE AND 4918 03:25:48,001 --> 03:25:51,000 SLEPT FOR THREE MONTHS OR A 4919 03:25:51,001 --> 03:25:52,000 YEAR, HE WOULD HAVE HAD A 4920 03:25:52,001 --> 03:25:53,000 A \$1.3 TRILLION BUDGET DEFICIT. 4921 03:25:53,001 --> 03:25:55,000 THAT'S WHAT HE INHERITED AND AN 4922 03:25:55,001 --> 03:25:57,000 ECONOMY THAT WAS IN DESPERATE CONDITION. 4923 03:25:57,001 --> 03:25:59,000 HE HAS DONE EVERYTHING HE CAN TO 4924 03:25:59,001 --> 03:26:00,000 TRY TO PUT THIS BACK ON TRACK. 4925 03:26:00,001 --> 03:26:04,000 IT'S HARD AND IT REQUIRES THE 4926 03:26:04,001 --> 03:26:05,000 BEST IDEAS OF PEOPLE OF BOTH 4927 03:26:05,001 --> 03:26:06,000 PARTIES. 4928 03:26:06,001 --> 03:26:07,000 BUT THIS IDEA OF STOPPING THIS 4929 03:26:07,001 --> 03:26:08,000 INSIDIOUS SUBSIDY FROM MOVING 4930 03:26:08,001 --> 03:26:10,000 AMERICAN JOBS OVERSEAS OUGHT TO 4931 03:26:10,001 --> 03:26:13,000 BE AN IDEA THAT TAKES ROOT HERE 4932 03:26:13,001 --> 03:26:14,000 AND GARNERS 90 VOTES, 95 VOTES. 4933 03:26:14,001 --> 03:26:17,000 INSTEAD, WE HAVE LOST THE VOTE 4934 03:26:17,001 --> 03:26:20,000 ON THIS AMENDMENT OVER THE 4935 03:26:20,001 --> 03:26:21,000 RECENT YEARS THREE OR FOUR 4936 03:26:21,001 --> 03:26:24,000 TIMES. 4937 03:26:24,001 --> 03:26:25,000 I STARTED BY SAYING PRESIDENT 4938 03:26:25,001 --> 03:26:26,000 BARACK OBAMA WHEN SERVING HERE 4939 03:26:26,001 --> 03:26:27,000 IN THE UNITED STATES SENATE WAS 4940 03:26:27,001 --> 03:26:29,000 A COSPONSOR OF THIS AMENDMENT, 4941 03:26:29,001 --> 03:26:31,000 VOTED FOR THIS AMENDMENT AND 4942 03:26:31,001 --> 03:26:33,000 BELIEVED IN THIS APPROACH AND HE STILL DOES. 4943 03:26:33,001 --> 03:26:35,000 HE HAS TALKED ABOUT IT. 4944 03:26:35,001 --> 03:26:37,000 AND I HOPE VERY MUCH THAT WE'LL 4945 03:26:37,001 --> 03:26:39,000 GET A VOTE ON THIS TODAY OR 4946 03:26:39,001 --> 03:26:41,000 TOMORROW IN THE U.S. SENATE AND 4947 03:26:41,001 --> 03:26:42,000 PUT THE SENATE ON RECORD AS 4948 03:26:42,001 --> 03:26:44,000 HAVING TAKEN THE FIRST STEP IN 4949 03:26:44,001 --> 03:26:46,000 DOING SOMETHING MEANINGFUL TO 4950 03:26:46,001 --> 03:26:47,000 SHUT THE DRAIN AND BEGIN THE 4951 03:26:47,001 --> 03:26:49,000 PROCESS OF SAYING TO PEOPLE IF 4952 03:26:49,001 --> 03:26:50,000 YOU STAY HERE, YOU MANUFACTURE 4953 03:26:50,001 --> 03:26:52,000 HERE, YOU RUN A PLANT HERE AND 4954 03:26:52,001 --> 03:26:53,000 PRODUCE A PRODUCT HERE, GOD 4955 03:26:53,001 --> 03:26:55,000 BLESS YOU, WE'RE ON YOUR SIDE. 4956 03:26:55,001 --> 03:26:57,000 WE'RE NOT GOING TO GIVE YOU A 4957 03:26:57,001 --> 03:26:59,000 COMPETITOR THAT LEAVES AND MOVES 4958 03:26:59,001 --> 03:27:00,000 THE JOBS TO CHINA A TAX BREAK. 4959 03:27:00,001 --> 03:27:01,000 WE'RE ON YOUR SIDE IF YOU STAY 4960 03:27:01,001 --> 03:27:02,000 HERE. 4961 03:27:02,001 --> 03:27:03,000 THAT'S WHAT WE OUGHT TO BE 4962 03:27:03,001 --> 03:27:05,000 DOING, INVESTING IN AMERICAN 4963 03:27:05,001 --> 03:27:07,000 JOBS, INVESTING IN THINGS THAT 4964 03:27:07,001 --> 03:27:09,000 ARE MADE HERE IN OUR COUNTRY, 4965 03:27:09,001 --> 03:27:11,000 INVESTING ONCE AGAIN IN A STRONG 4966 03:27:11,001 --> 03:27:13,000 MANUFACTURING BASE IN ORDER TO 4967 03:27:13,001 --> 03:27:15,000 REMAIN A WORLD-CLASS ECONOMIC 4968 03:27:15,001 --> 03:27:17,000 POWER. 4969 03:27:17,001 --> 03:27:20,000 SO, MADAM PRESIDENT, I THINK AT 4970 03:27:20,001 --> 03:27:22,000 THAT POINT I HAVE EXHAUSTED ALL 4971 03:27:22,001 --> 03:27:24,000 OF THE ARGUMENTS ONCE AGAIN FOR 4972 03:27:24,001 --> 03:27:27,000 THIS AMENDMENT, HOPING THAT 4973 03:27:27,001 --> 03:27:28,000 ENOUGH WILL HAVE LISTENED OR 4974 03:27:28,001 --> 03:27:29,000 PERHAPS BE GIVEN INFORMATION 4975 03:27:29,001 --> 03:27:30,000 THAT THIS IS A WORTHY VOTE IF 4976 03:27:30,001 --> 03:27:31,000 YOU WANT TO STAND UP FOR 4977 03:27:31,001 --> 03:27:35,000 AMERICAN JOBS. 4978 03:27:35,001 --> 03:27:36,000 MADAM PRESIDENT, I YIELD THE 4979 03:27:36,001 --> 03:27:37,000 ORDER THAT A QUORUM IS NOT 4980 03:27:37,001 --> 03:27:41,000 PRESENT. THE PRESIDING OFFICER: THE CLERK 4981 03:27:41,001 --> 03:29:06,000 WILL CALL THE ROLL. 4982 03:29:06,001 --> 03:46:15,000 QUORUM CALL: 4983 03:46:15,001 --> 03:58:46,000 QUORUM QUORUQUORUM CALL: 4984 03:58:46,001 --> 03:58:48,000 QUORUM CALL: 4985 03:58:48,001 --> 03:58:54,000 MR. DURBIN: MR. PRESIDENT? THE PRESIDING OFFICER: THE 4986 03:58:54,001 --> 03:58:56,000 SENATOR FROM TEXAS DAY THE PRESIDING OFFICER: THE 4987 03:58:56,001 --> 03:58:57,000 SENATOR FROM TEXAS IS RECOGNIZED. 4988 03:58:57,001 --> 03:58:59,000 MR. CORNYN: MR. PRESIDENT, I ASK 4989 03:58:59,001 --> 03:59:00,000 THE QUORUM CALL BE SUSPENDED. 4990 03:59:00,001 --> 03:59:01,000 THE PRESIDING OFFICER: WITHOUT OBJECTION, SO ORDERED. 4991 03:59:01,001 --> 03:59:06,000 MR. CORNYN: MR. PRESIDENT, I 4992 03:59:06,001 --> 03:59:09,000 RISE TO DISCUSS 4993 03:59:09,001 --> 03:59:11,000 AND TAX LOOPHOLES ACT OF 2010. 4994 03:59:11,001 --> 03:59:12,000 SOMETIMES IT'S SPOKEN OF AS THE 4995 03:59:12,001 --> 03:59:14,000 TAX EXTENDERS BILL. 4996 03:59:14,001 --> 03:59:17,000 BUT IN REALITY, IT IS A DEFICIT EXTENDING BILL. 4997 03:59:17,001 --> 03:59:19,000 THE REASON 4998 03:59:19,001 --> 03:59:20,000 I SAY THAT IS BECAUSE THE 4999 03:59:20,001 --> 03:59:23,000 SUBSTITUTE AMENDMENT STILL ADDS 5000 03:59:23,001 --> 03:59:27,000 A REPORTED \$55 BILLION IN RED 5001 03:59:27,001 --> 03:59:29,000 INK TO THE DEFICIT. 5002 03:59:29,001 --> 03:59:30,000 MORE DEFICIT SPENDING IS SIMPLY 5003 03:59:30,001 --> 03:59:33,000 IRRESPONSIBLE. 5004 03:59:33,001 --> 03:59:36,000 OUR NATIONAL DEBT, AS WE KNOW, 5005 03:59:36,001 --> 03:59:38,000 IS NOW \$13 TRILLION. 5006 03:59:38,001 --> 03:59:39,000 \$2.3 TRILLION TO 5007 03:59:39,001 --> 03:59:42,000 THAT \$13 TRILLION OF DEBT HAS 5008 03:59:42,001 --> 03:59:44,000 BEEN ADDED JUST SINCE THE TIME 5009 03:59:44,001 --> 03:59:47,000 PRESIDENT OBAMA HAS BEEN SWORN 5010 03:59:47,001 --> 03:59:48,000 INTO OFFICE. 5011 03:59:48,001 --> 03:59:50,000 CONGRESS IS SPENDING MONEY IN A 5012 03:59:50,001 --> 03:59:53,000 WAYHAT WOULD GIVE DRUNKEN 5013 03:59:53,001 --> 03:59:55,000 SAILORS A BAD NAME. 5014 03:59:55,001 --> 03:59:58,000 MORE THAN 30,000 PER HOUSEHOLD, 5015 03:59:58,001 --> 04:00:00,000 MORE THAN \$12,000 PER HOUSEHOLD 5016 04:00:00,001 --> 04:00:02,000 FROM OUR CHILDREN. 5017 04:00:02,001 --> 04:00:04,000 ACCORDING TO THE GO C.B.O., THE 5018 04:00:04,001 --> 04:00:06,000 PUBLIC DEBT UNDER THE 5019 04:00:06,001 --> 04:00:08,000 PRESIDENT'S BUDGET WILL BE AT 5020 04:00:08,001 --> 04:00:11,000 90% OF OUR GROSS DOMESTIC 5021 04:00:11,001 --> 04:00:14,000 PRODUCT BY THE YEAR 2020. 5022 04:00:14,001 --> 04:00:15,000 90% OF OUR GROSS DOMESTIC 5023 04:00:15,001 --> 04:00:18,000 PRODUCT. 5024 04:00:18,001 --> 04:00:20,000 GREECE HAD A DEBT TO G.D.P. 5025 04:00:20,001 --> 04:00:22,000 RATIO OF 115%, AND WE ARE 5026 04:00:22,001 --> 04:00:23,000 GETTING FAR TOO CLOSE FOR MY 5027 04:00:23,001 --> 04:00:27,000 COMFORT. 5028 04:00:27,001 --> 04:00:29,000 OUR DEBT REPRESENTS A NATIONAL 5029 04:00:29,001 --> 04:00:30,000 SECURITY VULNERABILITY, AND I'M 5030 04:00:30,001 --> 04:00:32,000 GLAD THAT THE SUBSTITUTE 5031 04:00:32,001 --> 04:00:34,000 AMENDMENT RETAINS MY AMENDMENT 5032 04:00:34,001 --> 04:00:37,000 WHICH WE VOTED ON EARLIER TO 5033 04:00:37,001 --> 04:00:39,000 CREATE GREATER TRANSPARENCY ON 5034 04:00:39,001 --> 04:00:43,000 EXACTLY WHO OWNS OUR DEB WHEN 5035 04:00:43,001 --> 04:00:46,000 WE RUN UP DEFICITS AND ADD TO 5036 04:00:46,001 --> 04:00:48,000 THE DEBT AND REQUIRES US TO 5037 04:00:48,001 --> 04:00:50,000 PERIODICALLY ASSESS THE 5038 04:00:50,001 --> 04:00:51,000 STRATEGIC AND ECONOMIC RISKS 5039 04:00:51,001 --> 04:00:52,000 ASSOCIATED WITH THAT DEBT. 5040 04:00:52,001 --> 04:00:55,000 FOR EXAMPLE, THE TREASURY 5041 04:00:55,001 --> 04:01:00,000 DEPARTMENT RECENTLY REPORTED 5042 04:01:00,001 --> 04:01:02,000 THAT CHINA, CHINA HOLDS 5043 04:01:02,001 --> 04:01:05,000 ABOUT \$900 BILLION OF U.S. DEBT, 5044 04:01:05,001 --> 04:01:07,000 SO WHEN WE SPEND MONEY HERE, 5045 04:01:07,001 --> 04:01:10,000 SOMEBODY HAS GOT TO BUY THE DT 5046 04:01:10,001 --> 04:01:11,000 AND WHAT HAPPENS IS CHINA AND 5047 04:01:11,001 --> 04:01:13,000 OTHER COUNTRIES BUY THAT DEBT 5048 04:01:13,001 --> 04:01:15,000 AND THAT CREATES A POTENTIAL 5049 04:01:15,001 --> 04:01:18,000 NATIONAL SECURITY AND ECONOMIC SECURITY ISSUE. 5050 04:01:18,001 --> 04:01:19,000 THE BEST WAY TO REDUCE OUR 5051 04:01:19,001 --> 04:01:22,000 STRATEGIC AND ECONOMIC RISKS 5052 04:01:22,001 --> 04:01:25,000 ASSOCIATED WH OUR DEBT IS TO 5053 04:01:25,001 --> 04:01:27,000 STOP SPENDING THE MONEY THAT WE 5054 04:01:27,001 --> 04:01:29,000 DON'T HAVE, STOP. 5055 04:01:29,001 --> 04:01:32,000 EVERY FAMILY, EVERY BUSINESS IN 5056 04:01:32,001 --> 04:01:34,000 AMERICA WHEN THEY RUN OUT OF 5057 04:01:34,001 --> 04:01:36,000 MONEY, THEY DON'T JUST CONTINUE 5058 04:01:36,001 --> 04:01:38,000 TO TRY TO MAX OUT THEIR CREDIT CARD. 5059 04:01:38,001 --> 04:01:39,000 THE PROBLEM IS THE CREDIT CARD 5060 04:01:39,001 --> 04:01:40,000 OF THE FEDERAL GOVERNMENT KNOWS 5061 04:01:40,001 --> 04:01:41,000 NO LIMITS. 5062 04:01:41,001 --> 04:01:43,000 ONLY THE FEDERAL GOVERNMENT CAN 5063 04:01:43,001 --> 04:01:45,000 CONTINUE TO PRINT MONEY AND RACK 5064 04:01:45,001 --> 04:01:47,000 UP DEBT AND HOPING AND PRAYING 5065 04:01:47,001 --> 04:01:50,000 THAT COUNTRIES LIKE CHINA WILL 5066 04:01:50,001 --> 04:01:53,000 BUY THAT DEBT IN THE FUTURE. 5067 04:01:53,001 --> 04:01:55,000 IT'S GOT TO STOP. 5068 04:01:55,001 --> 04:01:58,000 NOW, AMERICA'S FISCAL MESS IS 5069 04:01:58,001 --> 04:02:00,000 NOT JUST A MATH PROBLEM. 5070 04:02:00,001 --> 04:02:01,000 GOVERNMENT DEBT CROWDS OUT 5071 04:02:01,001 --> 04:02:04,000 PRIVATE SECTOR INVESTMENT THAT 5072 04:02:04,001 --> 04:02:07,000 INSTEAD COULD HELP CREATE JOBS 5073 04:02:07,001 --> 04:02:09,000 FOR THE 15 MILLION AMERICANS WHO 5074 04:02:09,001 --> 04:02:13,000 ARE UNEMPLOYED. 5075 04:02:13,001 --> 04:02:14,000 OUR UNEMPLOYMENT RATE IS CLOSE 5076 04:02:14,001 --> 04:02:18,000 TO 10%. 5077 04:02:18,001 --> 04:02:21,000 FOR HISPANICS, IT'S 12.4%. 5078 04:02:21,001 --> 04:02:22,000 FOR TEENAGERS, IT'S 26.4%. 5079 04:02:22,001 --> 04:02:24,000 THE TOUGHEST JOB MARKET FOR 5080 04:02:24,001 --> 04:02:25,000 YOUNG PEOPLE IN 41 YEARS, EVEN 5081 04:02:25,001 --> 04:02:27,000 THOUGH IT'S SUMMERTIME AND MANY 5082 04:02:27,001 --> 04:02:29,000 OF THEM ARE OUT OF SCHOOL AND 5083 04:02:29,001 --> 04:02:31,000 LOOKING FOR WORK. 5084 04:02:31,001 --> 04:02:33,000 NEARLY NINE OUT OF TEN NET JOBS 5085 04:02:33,001 --> 04:02:35,000 CREATED IN MAY WERE TEMPORARY 5086 04:02:35,001 --> 04:02:38,000 JOBS CREATED BY THE FEDERAL 5087 04:02:38,001 --> 04:02:40,000 GOVERNMENT AND HIRING TEMPORARY 5088 04:02:40,001 --> 04:02:42,000 CENSUS WORKERS. 5089 04:02:42,001 --> 04:02:45,000 ONLY 41,000 NET PRITE SECTOR 5090 04:02:45,001 --> 04:02:48,000 JOBS WERE CREATED IN MAY, AN 5091 04:02:48,001 --> 04:02:51,000 ANEMIC FIGURE TO BE SURE. 5092 04:02:51,001 --> 04:02:52,000 ACCORDING TO ECONOMIST LARRY 5093 04:02:52,001 --> 04:02:53,000 LINDSAY, AS MUCH AS 20% OF THE 5094 04:02:53,001 --> 04:02:55,000 NET PRIVATE SECTOR JOB CREATION 5095 04:02:55,001 --> 04:02:57,000 IN MAY WAS DUE TO THE OIL SPILL 5096 04:02:57,001 --> 04:02:59,000 IN THE GULF OF MEXICO. 5097 04:02:59,001 --> 04:03:01,000 TEMPORARY WORKERS HIRED TO SKIM 5098 04:03:01,001 --> 04:03:04,000 OIL OFF THE GULF AND TO PROTECT 5099 04:03:04,001 --> 04:03:08,000 OUR BEACHES AND ESTUARIES. 5100 04:03:08,001 --> 04:03:11,000 AND WE KNOW THAT THE 5101 04:03:11,001 --> 04:03:14,000 ADMINISTRATION WILL 5102 04:03:14,001 --> 04:03:15,000 UNFORTUNATELY FURTHER EXACERBATE 5103 04:03:15,001 --> 04:03:16,000 THE UNEMPLOYMENT SITUATION, 5104 04:03:16,001 --> 04:03:18,000 PARTICULARLY ALONG THE GULF 5105 04:03:18,001 --> 04:03:22,000 COAST WHERE I LIVE IN TEXAS BY 5106 04:03:22,001 --> 04:03:23,000 ITS SIX-MONTH BAN ON OFFSHORE 5107 04:03:23,001 --> 04:03:24,000 DEEPWATER DRILLING. 5108 04:03:24,001 --> 04:03:28,000 NOW, WE ALL UNDERSTAND WE HAVE 5109 04:03:28,001 --> 04:03:29,000 GOT TO STOP THIS SPEWING WELL. 5110 04:03:29,001 --> 04:03:30,000 THAT'S JOB NUMBER ONE. 5111 04:03:30,001 --> 04:03:32,000 NUMBER TWO IS WE NEED TO MAKE 5112 04:03:32,001 --> 04:03:35,000 SURE WE UNDERSTAND WHAT HAPPENED 5113 04:03:35,001 --> 04:03:36,000 AND MAKE ABSOLUTELY SURE AS MUCH 5114 04:03:36,001 --> 04:03:40,000 AS HUMANLY POSSIBLE THAT IT 5115 04:03:40,001 --> 04:03:41,000 NEVER, EVER HAPPENS AGAIN, BUT 5116 04:03:41,001 --> 04:03:43,000 WE ALSO NEED TO BE MATURE ENOUGH 5117 04:03:43,001 --> 04:03:49,000 AND AWARE ENOUGH TO ASSS 5118 04:03:49,001 --> 04:03:50,000 THIS MEANS IF WE IMPOSE A 5119 04:03:50,001 --> 04:03:51,000 LENGTHY BAN ON DEEPWATER 5120 04:03:51,001 --> 04:03:53,000 DRILLING. 5121 04:03:53,001 --> 04:03:56,000 IT MEANS MORE DEPENDENCE ON 5122 04:03:56,001 --> 04:03:57,000 IMPORTED OIL FROM ABROAD, FROM 5123 04:03:57,001 --> 04:03:59,000 DANGEROUS PARTS OF THE WORLD, 5124 04:03:59,001 --> 04:04:01,000 FROM COUNTRIES THAT WISH US ILL. 5125 04:04:01,001 --> 04:04:02,000 AND IT ALSO MEANS JOBS HERE AT 5126 04:04:02,001 --> 04:04:05,000 HOME WILL BE DESTROYED BECAUSE 5127 04:04:05,001 --> 04:04:06,000 THOSE DEEPWATER RIGS WILL MOVE 5128 04:04:06,001 --> 04:04:08,000 TO OTHER PARTS OF THE WORLD, IN 5129 04:04:08,001 --> 04:04:09,000 BRAZIL AND OTHER PLACES. 5130 04:04:09,001 --> 04:04:11,000 ACCORDING TO THE ENERGY 5131 04:04:11,001 --> 04:04:14,000 INDUSTRY, MORE THAN 46,000 JOBS 5132 04:04:14,001 --> 04:04:17,000 COULD BE LOST AS A RESULT OF THE 5133 04:04:17,001 --> 04:04:22,000 MORATORIUM IN THE SHORT TERM AND 5134 04:04:22,001 --> 04:04:25,000 120,000 JOBS IN THE LONG 5135 04:04:25,001 --> 04:04:27,000 MR. PRESIDENT, UNFORTUNATELY, 5136 04:04:27,001 --> 04:04:30,000 THE POLICIES THAT ARE 5137 04:04:30,001 --> 04:04:33,000 PROMULGATED BY THE UNITED STATES 5138 04:04:33,001 --> 04:04:34,000 CONGRESS AND BY THIS SENATE HAVE 5139 04:04:34,001 --> 04:04:36,000 AN IMPACT ON JOBS. 5140 04:04:36,001 --> 04:04:38,000 THEY CAN EITHER BE A POSITIVE 5141 04:04:38,001 --> 04:04:40,000 IMPACT AND FACILITATE PRIVATE 5142 04:04:40,001 --> 04:04:43,000 SECTOR INVESTMENT AND JOB 5143 04:04:43,001 --> 04:04:45,000 CREATION OR THEY CAN BE JOB 5144 04:04:45,001 --> 04:04:47,000 KILLERS, AND I FOR ONE WORRY 5145 04:04:47,001 --> 04:04:49,000 THAT FAR TOO OFTEN WHAT'S 5146 04:04:49,001 --> 04:04:52,000 EMANATING FROM WASHINGTON, D.C., 5147 04:04:52,001 --> 04:04:53,000 THESE DAYS AMOUNT TO JOB-KILLING 5148 04:04:53,001 --> 04:04:56,000 POLICIES, AND THIS UNDERLYING 5149 04:04:56,001 --> 04:04:58,000 BILL THAT WE ARE DEBATING HAS A 5150 04:04:58,001 --> 04:04:59,000 COUPLE OF GOOD EXAMPLES. 5151 04:04:59,001 --> 04:05:02,000 WE KNOW THAT JOB CREATION SHOULD 5152 04:05:02,001 --> 04:05:03,000 BE OUR NUMBER ONE PRIORITY WHEN 5153 04:05:03,001 --> 04:05:05,000 UNEMPLOYMENT IS AT HISTORIC 5154 04:05:05,001 --> 04:05:07,000 HIGHS, WHEN PEOPLE ARE LOSING 5155 04:05:07,001 --> 04:05:08,000 THEIR HOMES DUE TO FORECLOSURE 5156 04:05:08,001 --> 04:05:10,000 BECAUSE THEY SIMPLY DON'T HAVE 5157 04:05:10,001 --> 04:05:13,000 JOBS TO BE ABLE TO PAY THEIR 5158 04:05:13,001 --> 04:05:16,000 MORTGAGE, BUT THIS SO-CALLED TAX 5159 04:05:16,001 --> 04:05:18,000 EXTENDERS BILL ACTUALLY RAISES 5160 04:05:18,001 --> 04:05:22,000 TAXES ON CAPITAL CREATION AND ON 5161 04:05:22,001 --> 04:05:24,000 INVESTMENT IN A WAY THAT WILL 5162 04:05:24,001 --> 04:05:26,000 HURT JOB CREATION. 5163 04:05:26,001 --> 04:05:27,000 THERE ARE TWO TAXES THAT I'M 5164 04:05:27,001 --> 04:05:29,000 REFERRING TO SPECIFICALLY, AND 5165 04:05:29,001 --> 04:05:30,000 WHILE BOTH ARE SOMEWHAT 5166 04:05:30,001 --> 04:05:32,000 TECHNICAL, IT'S VERY IMPORTANT 5167 04:05:32,001 --> 04:05:34,000 TO UNDERSTAND THEM. 5168 04:05:34,001 --> 04:05:37,000 THE FIRST TAX RELATES TO 5169 04:05:37,001 --> 04:05:40,000 SO-CALLED CARRIED INTEREST. 5170 04:05:40,001 --> 04:05:42,000 PARTNERS IN PRIVATE EQUITY FIRMS 5171 04:05:42,001 --> 04:05:45,000 ARE OFTEN PAID BASED ON THEIR 5172 04:05:45,001 --> 04:05:46,000 PERFORMANCE IN ADDITION TO THEIR 5173 04:05:46,001 --> 04:05:47,000 UNDER CURRENT LAW, THIS 5174 04:05:47,001 --> 04:05:50,000 SO-CALLED CARRIED INTEREST IS 5175 04:05:50,001 --> 04:05:52,000 XED LIKE A CAPITAL GAIN AT THE 5176 04:05:52,001 --> 04:05:55,000 15% RATE IF -- IF IT'S -- WE'RE 5177 04:05:55,001 --> 04:05:56,000 TALKING ABOUT RIGHT NOW, 15% AS 5178 04:05:56,001 --> 04:05:59,000 OPPOSED TO ORDINARY INCOME WHICH 5179 04:05:59,001 --> 04:06:00,000 IS TAXED AT A MUCH HIGHER RATE. 5180 04:06:00,001 --> 04:06:04,000 THE SUBSTITUTE AMENDMENT WLD 5181 04:06:04,001 --> 04:06:06,000 CHANGE THE WAY THAT THIS CARRIED 5182 04:06:06,001 --> 04:06:07,000 INTEREST IS TAXED AND TAKEN FROM 5183 04:06:07,001 --> 04:06:11,000 THE CAPITAL GAINS WHICH IS A 5184 04:06:11,001 --> 04:06:14,000 MUCH MORE ATTRACTIVE RATE WHICH 5185 04:06:14,001 --> 04:06:15,000 ENCOURAGES CAPITAL FORMATION AND 5186 04:06:15,001 --> 04:06:18,000 ENCOURAGES INVESTMENT AND RAISE 5187 04:06:18,001 --> 04:06:19,000 THAT RATE TO THE HIGHEST 5188 04:06:19,001 --> 04:06:22,000 INDIVIDUAL INCOME TAX RATE FOR 5189 04:06:22,001 --> 04:06:24,000 ORDINARY INCOME OF 39%. 5190 04:06:24,001 --> 04:06:26,000 WHAT DO YOU THINK IS GOING TO 5191 04:06:26,001 --> 04:06:29,000 HAPPEN WHEN ENTREPRENEURS AND 5192 04:06:29,001 --> 04:06:32,000 INVESTORS LOOK AT THIS CHANGE IN 5193 04:06:32,001 --> 04:06:34,000 THE TAX LAW FROM 15% TO 39%? 5194 04:06:34,001 --> 04:06:35,000 DO YOU THINK IT WILL EXPAND OR 5195 04:06:35,001 --> 04:06:38,000 WILL IT CONTRACT THE AMOUNT OF 5196 04:06:38,001 --> 04:06:40,000 MONEY INVESTED IN JOB-CREATING 5197 04:06:40,001 --> 04:06:41,000 VENTURES? 5198 04:06:41,001 --> 04:06:42,000 WELL, COMMON SENSE SHOULD TELL 5199 04:06:42,001 --> 04:06:44,000 US THAT IT WILL CONTRACT IT. 5200 04:06:44,001 --> 04:06:45,000 IT WILL REDUCE THE NUM JOBS. 5201 04:06:45,001 --> 04:06:47,000 IT WILL REDUCE THE CAPITAL 5202 04:06:47,001 --> 04:06:49,000 AVAILABLE FOR IESTMENT AND IT 5203 04:06:49,001 --> 04:06:52,000 IS EXACTLY THE OPPOSITE POLICY 5204 04:06:52,001 --> 04:06:53,000 THAT WE OUGHT TO BE PURSUING 5205 04:06:53,001 --> 04:06:55,000 WITH HIGH UNEMPLOYMENT AND 5206 04:06:55,001 --> 04:06:57,000 PEOPLE LOSING THEIR HOMES. 5207 04:06:57,001 --> 04:07:00,000 NOW, HIGHER TAXES ON THIS TYPE 5208 04:07:00,001 --> 04:07:02,000 OF BUSINESS ACTIVITY IS BAD 5209 04:07:02,001 --> 04:07:05,000 ENOUGH, BUT EVEN WORSE IS 5210 04:07:05,001 --> 04:07:06,000 ANOTHER TAX THAT'S EMBEDDED IN 5211 04:07:06,001 --> 04:07:10,000 THIS BILL CALLED ENTERPRISE VALUE. 5212 04:07:10,001 --> 04:07:12,000 NOW, THESE ARE ARCANE SUBJECTS, 5213 04:07:12,001 --> 04:07:14,000 AND INDEED I -- I FELT A LITTLE 5214 04:07:14,001 --> 04:07:15,000 BETTER YESTERDAY TALKING TO SOME 5215 04:07:15,001 --> 04:07:17,000 OF MY COLLEAGUES ON THELOOR, 5216 04:07:17,001 --> 04:07:20,000 AND I SAID DO YOU UNDERSTAND 5217 04:07:20,001 --> 04:07:22,000 WHAT ENTERPRISE VALUE TAX IS? 5218 04:07:22,001 --> 04:07:23,000 THANK GOODNESS I SAW SOME BLANK 5219 04:07:23,001 --> 04:07:25,000 LOOKS ON THEIR FACE AND THEY DID 5220 04:07:25,001 --> 04:07:26,000 NOT UNDERSTAND IT, SO I DIDN'T 5221 04:07:26,001 --> 04:07:27,000 FEEL ALONE. 5222 04:07:27,001 --> 04:07:29,000 SO WE HAVE ALL HAD TO GET 5223 04:07:29,001 --> 04:07:31,000 LITTLE BIT SMART AND A LITTLE 5224 04:07:31,001 --> 04:07:32,000 BIT BETTER EDUCATED, BUT LET ME 5225 04:07:32,001 --> 04:07:36,000 TELL YOU WHAT I HAVE DISCOVERED 5226 04:07:36,001 --> 04:07:39,000 IN THE PROCESS OF MY OWN EDUCATION. 5227 04:07:39,001 --> 04:07:41,000 ENTERPRISE VALUE IS KNOWN AS 5228 04:07:41,001 --> 04:07:42,000 BRAND VALUE OR GOODWILL. 5229 04:07:42,001 --> 04:07:45,000 IT'S THE VALUE OF THE SWEAT 5230 04:07:45,001 --> 04:07:46,000 EQUITY, THE HARD WORK THAT 5231 04:07:46,001 --> 04:07:49,000 BUSINESSES PUT INTO -- THAT 5232 04:07:49,001 --> 04:07:51,000 OWNERS PUT INTO BUSINESSES OVER TIME. 5233 04:07:51,001 --> 04:07:52,000 UNDER CURRENT LAW, WHEN A 5234 04:07:52,001 --> 04:07:54,000 PARTNER SELLS HIS OR HER 5235 04:07:54,001 --> 04:07:56,000 INTEREST IN A BUSINESS, THE 5236 04:07:56,001 --> 04:07:57,000 ENTERPRISE VALUE IS TAXED AS A 5237 04:07:57,001 --> 04:07:59,000 CAPITAL GAIN. 5238 04:07:59,001 --> 04:08:00,000 THIS LEGISLATION WOULD CHANGE 5239 04:08:00,001 --> 04:08:04,000 THE TACK TREATMENT ON THE SALE 5240 04:08:04,001 --> 04:08:05,000 OF THAT BUSINESS -- -- THE TAX 5241 04:08:05,001 --> 04:08:06,000 TREATMENT ON THE SALE OF THAT 5242 04:08:06,001 --> 04:08:07,000 BUSINESS BUT ONLY FOR CERTAIN 5243 04:08:07,001 --> 04:08:08,000 TYPES OF BUSINESSES. 5244 04:08:08,001 --> 04:08:09,000 IN OTHER WORDS, THIS BILL 5245 04:08:09,001 --> 04:08:11,000 TARGETS CERTAIN TYPES OF 5246 04:08:11,001 --> 04:08:13,000 BUSINESSES, BUT AS ONE WRITER 5247 04:08:13,001 --> 04:08:15,000 COMMENTED RECENTLY, THEY SAID 5248 04:08:15,001 --> 04:08:17,000 THEY WORRY THAT THIS IS A 5249 04:08:17,001 --> 04:08:19,000 STALKING HORSE FOR AN ATTEMPT TO 5250 04:08:19,001 --> 04:08:20,000 TAKE ALL CAPITAL GAINS TREATMENT 5251 04:08:20,001 --> 04:08:22,000 FOR THE SALE OF BUSINESS AND TO 5252 04:08:22,001 --> 04:08:23,000 RAISE IT TO ORDINARY INCOME 5253 04:08:23,001 --> 04:08:25,000 LEVELS. 5254 04:08:25,001 --> 04:08:28,000 IN OTHER WORDS, TO DOUBLE OR 5255 04:08:28,001 --> 04:08:30,000 MORE THE TAXES ON THE SALE OF 5256 04:08:30,001 --> 04:08:32,000 CERTAIN TYPES OF BUSINESSES. 5257 04:08:32,001 --> 04:08:33,000 NOW, OWNERS OF INVESTMENT FIRMS 5258 04:08:33,001 --> 04:08:35,000 AND REAL ESTATE PARTNERSHIPS 5259 04:08:35,001 --> 04:08:38,000 WOULD BE SINGLED OUT FOR HIGHER 5260 04:08:38,001 --> 04:08:40,000 TAXES WHEN THESE BUSINESSES ARE SOLD. 5261 04:08:40,001 --> 04:08:42,000 THEY WOULD PAY MUCH HIGHER TAXES 5262 04:08:42,001 --> 04:08:43,000 THAN WHAT ARE PAID UNDER CURRENT 5263 04:08:43,001 --> 04:08:46,000 LAW. 5264 04:08:46,001 --> 04:08:47,000 AGAIN, WHY SHOULD PEOPLE CARE? 5265 04:08:47,001 --> 04:08:49,000 WHY SHOULD ANYONE WITHIN THE 5266 04:08:49,001 --> 04:08:50,000 SOUND OF MY VOICE CARE ABOUT 5267 04:08:50,001 --> 04:08:52,000 WHAT THIS HANDFUL OF PRIVATE 5268 04:08:52,001 --> 04:08:53,000 EQUITY FIRMS AND REAL ESTATE 5269 04:08:53,001 --> 04:08:55,000 PARTNERSHIPS PAY? 5270 04:08:55,001 --> 04:08:58,000 WELL, IT'S BECAUSE WHAT THIS IN 5271 04:08:58,001 --> 04:09:00,000 EFFECT DOES IS IT TAKES THE SEED 5272 04:09:00,001 --> 04:09:03,000 CORN THAT'S USED TO GROW THE 5273 04:09:03,001 --> 04:09:05,000 ECONOMY AND IT DESTROYS IT. 5274 04:09:05,001 --> 04:09:06,000 IT DRIES UP THE MONEY THAT 5275 04:09:06,001 --> 04:09:07,000 CREATES THE INVESTMENT THAT THEN 5276 04:09:07,001 --> 04:09:09,000 ALLOWS THE CREATION OF 5277 04:09:09,001 --> 04:09:10,000 BUSINESSES AND EXPANSION OF 5278 04:09:10,001 --> 04:09:12,000 BUSINESSES TO CREATE JOBS. 5279 04:09:12,001 --> 04:09:14,000 THAT'S WHY ALL OF US SHOULD 5280 04:09:14,001 --> 04:09:17,000 CARE, EVEN IF WE INDIVIDUALLY 5281 04:09:17,001 --> 04:09:19,000 DON'T HAVE TO PAY IT. 5282 04:09:19,001 --> 04:09:22,000 IN FACT, INVESTMENT PARTNERSHIPS 5283 04:09:22,001 --> 04:09:28,000 UNDER THIS NARROWLY TAILORED AND 5284 04:09:28,001 --> 04:09:29,000 TARGETED AND DISCRIMINATORY BILL , INVESTMENT PARTNERSHIPS 5285 04:09:29,001 --> 04:09:31,000 WOULD BE THE ONLY BUSINESSES IN 5286 04:09:31,001 --> 04:09:34,000 AMERICA WHERE THE VALUE INHERENT 5287 04:09:34,001 --> 04:09:35,000 IN THE ENTERPRISE WOULD BE 5288 04:09:35,001 --> 04:09:36,000 INELIGIBLE FOR C 5289 04:09:36,001 --> 04:09:38,000 TREATMENT AND INSTEAD BE HIT 5290 04:09:38,001 --> 04:09:41,000 WITH THE HIGHER TAX BILL WHEN 5291 04:09:41,001 --> 04:09:43,000 THE OVERALL ENTERPRISE OR PART 5292 04:09:43,001 --> 04:09:45,000 OF IT IS SOLD. 5293 04:09:45,001 --> 04:09:47,000 THIS LEGISLATION WOULD BREAK NEW 5294 04:09:47,001 --> 04:09:49,000 GROUND IN TAXING ENTERPRISE 5295 04:09:49,001 --> 04:09:52,000 VALUE AS ORDINARY INCOME AND 5296 04:09:52,001 --> 04:09:54,000 WOULD UNFAIRLY TAX VALET 5297 04:09:54,001 --> 04:09:57,000 CUMULATED PERHAPS OVER DECADES 5298 04:09:57,001 --> 04:09:59,000 BY SMALL BUSINESSES A AMERICA. 5299 04:09:59,001 --> 04:10:01,000 NOW, SUPPORTERS OF THIS BILL 5300 04:10:01,001 --> 04:10:03,000 WILL TELL YOU THAT THIS PROPOSAL 5301 04:10:03,001 --> 04:10:06,000 IS ALL ABOUT TARGETING THE HEDGE 5302 04:10:06,001 --> 04:10:11,000 FUND MANAGERS ON WALL STREET AND 5303 04:10:11,001 --> 04:10:15,000 SUGGESTING THAT THIS IS PAYBACK 5304 04:10:15,001 --> 04:10:17,000 OR DUE RETRIBUTION FOR THE HAVOC 5305 04:10:17,001 --> 04:10:18,000 THAT A HDFUL OF PEOPLE HAVE 5306 04:10:18,001 --> 04:10:19,000 WROUGHT ON THE AMERICAN 5307 04:10:19,001 --> 04:10:20,000 FINANCIAL SYSTEM. 5308 04:10:20,001 --> 04:10:21,000 BUT THIS PROPOSAL WOULD NOT 5309 04:10:21,001 --> 04:10:23,000 TARGET THE PEOPLE WHO CAUSED THE 5310 04:10:23,001 --> 04:10:25,000 FINANCIAL MELTDOWN. 5311 04:10:25,001 --> 04:10:28,000 THIS TARGETED PROVISION WOULD 5312 04:10:28,001 --> 04:10:31,000 HAVE A DEVASTATING EFFECT ON MAIN STREET. 5313 04:10:31,001 --> 04:10:32,000 IN ILLINOIS, IN MONTANA, IN 5314 04:10:32,001 --> 04:10:34,000 TEXAS, IN PENNSYLVANIA, 5315 04:10:34,001 --> 04:10:36,000 EVERYWHERE AROUND THIS COUNTRY. 5316 04:10:36,001 --> 04:10:37,000 LET ME JUST GIVE YOU AN EXAMPLE, 5317 04:10:37,001 --> 04:10:40,000 MR. PRESIDENT. 5318 04:10:40,001 --> 04:10:42,000 PRIVATE EQUITY BACKED COMPANIES 5319 04:10:42,001 --> 04:10:43,000 BASED IN MY STATE EMPLOY ABOUT A 5320 04:10:43,001 --> 04:10:45,000 HALF A MILLION WORKERS. 5321 04:10:45,001 --> 04:10:47,000 NOW, WHAT HAPPENS TO THOSE JOBS 5322 04:10:47,001 --> 04:10:49,000 IF THIS LEGISLATION BECOMES LAW? 5323 04:10:49,001 --> 04:10:52,000 WELL, NOT SURPRISINGLY, A LOT OF 5324 04:10:52,001 --> 04:10:54,000 THE INVESTORS IN THESE PRIVATE 5325 04:10:54,001 --> 04:10:57,000 EQUITY FIRMS WHERE THE PRIVATE 5326 04:10:57,001 --> 04:10:59,000 HE EQUITY BACKED COMNIES GET 5327 04:10:59,001 --> 04:11:01,000 THEIR MONEY ARE RETIREMENT 5328 04:11:01,001 --> 04:11:03,000 SYSTEMS LIKE THE EMPLOYEE 5329 04:11:03,001 --> 04:11:06,000 RETIREMENT SYSTEM IN TEXAS AND 5330 04:11:06,001 --> 04:11:07,000 THE TEACHER RETIREMENT SYSTEM IN 5331 04:11:07,001 --> 04:11:09,000 TEXAS, BOTH OF WHICH HAVE A 5332 04:11:09,001 --> 04:11:10,000 PORTION OF THEIR ASSETS INVESTED 5333 04:11:10,001 --> 04:11:14,000 IN PRIVATE EQUITY. 5334 04:11:14,001 --> 04:11:15,000 SO I ASK AGAIN WHAT HAPPENS IF 5335 04:11:15,001 --> 04:11:18,000 THIS LEGISLATION BECOMES LAW? 5336 04:11:18,001 --> 04:11:20,000 WHAT HAPPENS TO SMALL BUSINESSES 5337 04:11:20,001 --> 04:11:23,000 WHO DEPEND ON PRIVATE EQUITY TO 5338 04:11:23,001 --> 04:11:24,000 GROW THEIR BUSINESSES AND CREATE 5339 04:11:24,001 --> 04:11:25,000 JOBS? 5340 04:11:25,001 --> 04:11:27,000 WELL, I RECEIVED AN ANSWER TO 5341 04:11:27,001 --> 04:11:30,000 THAT QUESTION FROM ONE OF MY 5342 04:11:30,001 --> 04:11:32,000 CONSTITUENTS BY THE NAME OF 5343 04:11:32,001 --> 04:11:34,000 DONALD BROWN, THE CHIEF 5344 04:11:34,001 --> 04:11:35,000 EXECUTIVE OFFICER OF A MEDICAL 5345 04:11:35,001 --> 04:11:37,000 DEVICE COMPANY THAT HAS AN 5346 04:11:37,001 --> 04:11:39,000 OFFICE IN -- HAS ITS MAIN OFFICE 5347 04:11:39,001 --> 04:11:42,000 IN FORT WORTH, TEXAS. 5348 04:11:42,001 --> 04:11:45,000 THE NAM OF THAT COMPANY IS 5349 04:11:45,001 --> 04:11:47,000 ARTERIO SITE MEDICAL SYSTEMS, 5350 04:11:47,001 --> 04:11:49,000 OTHERWISE KNOWN AS A.M.S. 5351 04:11:49,001 --> 04:11:51,000 A.M.S. IS A FAST-GROWING COMPANY, AGAIN SOMETHING WE 5352 04:11:51,001 --> 04:11:53,000 OUGHT TO WANT TO ENCOURAGE, NOT 5353 04:11:53,001 --> 04:11:55,000 DISCOURAGE BY THE POLICIES 5354 04:11:55,001 --> 04:11:56,000 EMANATING FROM WASHINGTON. 5355 04:11:56,001 --> 04:11:58,000 FAST-GROWING COMPANIES CREATE 5356 04:11:58,001 --> 04:12:02,000 JOBS WHICH ALLOW PEOPLE TO 5357 04:12:02,001 --> 04:12:03,000 PROVIDE FOR THEIR FAMILIES AND 5358 04:12:03,001 --> 04:12:05,000 IN A HIGH UNEMPLOYMENT ECONOMY, 5359 04:12:05,001 --> 04:12:07,000 IT OUGHT TO BE EXACTLY THE SORT 5360 04:12:07,001 --> 04:12:08,000 OF GROWTH THAT WE OUGHT TO 5361 04:12:08,001 --> 04:12:11,000 ENCOURAGE. 5362 04:12:11,001 --> 04:12:12,000 BUT THIS COMPANY HAS A -- HAS AN 5363 04:12:12,001 --> 04:12:13,000 INTERESTING STORY TO TELL 5364 04:12:13,001 --> 04:12:18,000 BECAUSE IT'S PARTNERED WITH THE 5365 04:12:18,001 --> 04:12:19,000 INSTITUTE FOR SURGICAL RESEARCH 5366 04:12:19,001 --> 04:12:21,000 AT FORT SAM HOUSTON IN SAN 5367 04:12:21,001 --> 04:12:22,000 ANTONIO, AND THEIR GOAL IS TO 5368 04:12:22,001 --> 04:12:24,000 IMPROVE SURGICAL OUTCOMES FOR 5369 04:12:24,001 --> 04:12:25,000 U.S. TROOPS INJURED BY BLAST 5370 04:12:25,001 --> 04:12:29,000 BURNS AND TO REDUCE THE 5371 04:12:29,001 --> 04:12:30,000 NECESSITY OF AMPUTATIONS. 5372 04:12:30,001 --> 04:12:31,000 A.M.S. HAS ALSO GROWN BECAUSE 5373 04:12:31,001 --> 04:12:35,000 PRIVATE EQUITY CAPITAL INVESTED 5374 04:12:35,001 --> 04:12:37,000 IN THIS BUSINESS BE IN 2007 AND 5375 04:12:37,001 --> 04:12:40,000 HELPED THEM GROW FROM SIX 5376 04:12:40,001 --> 04:12:42,000 EMPLOYEES, FROM SIX EMPLOYEES TO 5377 04:12:42,001 --> 04:12:45,000 70 EMPLOYEES, WITH AN AVERAGE 5378 04:12:45,001 --> 04:12:47,000 EMPLOYEE SALARY THAT 5379 04:12:47,001 --> 04:12:49,000 EXCEEDS \$72,000 A YEAR. 5380 04:12:49,001 --> 04:12:53,000 NOW, HERE'S WHAT MR. BROWN TOLD 5381 04:12:53,001 --> 04:12:54,000 ME IN A LETTER THAT I WILL ASK 5382 04:12:54,001 --> 04:12:56,000 TO MAKE PART OF THE RECORD HERE 5383 04:12:56,001 --> 04:13:00,000 IN JUST A MOMENT. 5384 04:13:00,001 --> 04:13:01,000 HE SAID -- QUOTE -- "BY CHANGING 5385 04:13:01,001 --> 04:13:02,000 THE TAX TREATMENT OF CARRIED 5386 04:13:02,001 --> 04:13:04,000 INTEREST TORDINARY INCOME, 5387 04:13:04,001 --> 04:13:05,000 THIS BILL WOULD PENALIZE 5388 04:13:05,001 --> 04:13:06,000 ENTREPRENEURIAL RISK TAKING AND 5389 04:13:06,001 --> 04:13:09,000 DISCOURAGE INVESTMENT IN 5390 04:13:09,001 --> 04:13:10,000 COMPANIES LIKE OURS THAT NEED 5391 04:13:10,001 --> 04:13:12,000 CAPITAL THE MOST." 5392 04:13:12,001 --> 04:13:13,000 MR. PRESIDENT, I WOULD ASK 5393 04:13:13,001 --> 04:13:16,000 UNANIMOUS CONSENT THAT 5394 04:13:16,001 --> 04:13:18,000 MR. BROWN'S LETTER TO ME 5395 04:13:18,001 --> 04:13:19,000 PART OF THE RECORD FOLLOWING MY 5396 04:13:19,001 --> 04:13:20,000 REMARKS. THE PRESIDING OFFICER: WITHOUT 5397 04:13:20,001 --> 04:13:22,000 OBJECTION, IT IS SO ORDERED. 5398 04:13:22,001 --> 04:13:25,000 MR. CORNYN: 5399 04:13:25,001 --> 04:13:27,000 TELLING AND IT'S ALSO 5400 04:13:27,001 --> 04:13:30,000 DISAPPOINTING THAT THE SENATE 5401 04:13:30,001 --> 04:13:32,000 EARLIER TODAY REJECTED THE THUNE 5402 04:13:32,001 --> 04:13:35,000 ALTERNATIVE WHICH I COSPONSORED. 5403 04:13:35,001 --> 04:13:38,000 THE REASON WHY I SAY IT IS 5404 04:13:38,001 --> 04:13:40,000 TELLING AND DISAPPOINTING IS 5405 04:13:40,001 --> 04:13:42,000 BECAUSE THE SENATOR FROM SOUTH 5406 04:13:42,001 --> 04:13:45,000 DAKOTA OFFERED US AN OPTION TO 5407 04:13:45,001 --> 04:13:46,000 EXTEND MANY OF THESE EXPIRING 5408 04:13:46,001 --> 04:13:50,000 TAX PROVISIONS, BUT IT WOULD NOT 5409 04:13:50,001 --> 04:13:55,000 HAVE ENACTED PUNITIVE 5410 04:13:55,001 --> 04:13:57,000 ECONOMICALLY DESTRUCTIVE TAX 5411 04:13:57,001 --> 04:13:58,000 INCREASES, THINGS LIKE THE 5412 04:13:58,001 --> 04:13:59,000 ENTERPRISE VALUE TAX AND THE TAX 5413 04:13:59,001 --> 04:14:02,000 ON CARRIED INTEREST. 5414 04:14:02,001 --> 04:14:03,000 THE OPTION OFFERED TO US BY 5415 04:14:03,001 --> 04:14:05,000 SENATOR THUNE, THE SENATOR FROM 5416 04:14:05,001 --> 04:14:07,000 SOUTH DAKOTA, WOULD HAVE 5417 04:14:07,001 --> 04:14:08,000 CONTINUED IMPORTANT EXPIRING TAX 5418 04:14:08,001 --> 04:14:12,000 PROVISIONS, INCLUDED THE STATE 5419 04:14:12,001 --> 04:14:14,000 AND LOCAL TAX DEDUCTION WHICH I 5420 04:14:14,001 --> 04:14:17,000 MAY -- I MUST ADD PROVIDES 5421 04:14:17,001 --> 04:14:19,000 TEXANS WITH OVER \$1 BILLION IN 5422 04:14:19,001 --> 04:14:21,000 FEDERAL TAX RELIEF ANNUALLY. 5423 04:14:21,001 --> 04:14:22,000 THAT'S BECAUSE WE 5424 04:14:22,001 --> 04:14:24,000 DON'T HAVE A STATE INCOME TAX 5425 04:14:24,001 --> 04:14:25,000 AND WE'RE PROUD OF IT. 5426 04:14:25,001 --> 04:14:26,000 THAT'S ONE REASON WHY WE 5427 04:14:26,001 --> 04:14:28,000 CONTINUE TO GROW AND CREATE JOBS 5428 04:14:28,001 --> 04:14:30,000 ILE MANY OTHER PARTS OF THE 5429 04:14:30,001 --> 04:14:32,000 COUNTRY DO NOT FARE AS WELL. 5430 04:14:32,001 --> 04:14:35,000 BUT THIS AT LEAST PROVIDES 5431 04:14:35,001 --> 04:14:37,000 EQUITY TO US BY ALLOWING PEOPLE 5432 04:14:37,001 --> 04:14:38,000 IN TEXAS WHO PAY SALES TAX TO 5433 04:14:38,001 --> 04:14:39,000 WRITE THAT OFF THEIR FEDERAL 5434 04:14:39,001 --> 04:14:41,000 INCOME TAX AS OTHER STATES DO 5435 04:14:41,001 --> 04:14:42,000 WHEN THEY PAY A FELL -- WHEN 5436 04:14:42,001 --> 04:14:43,000 THEY PAY A STATE INCOME TAX, TO 5437 04:14:43,001 --> 04:14:44,000 WRITE IT OFF THEIR FEDERAL 5438 04:14:44,001 --> 04:14:45,000 INCOME TAX. 5439 04:14:45,001 --> 04:14:49,000 BUT INSTEAD OF INCREASING THE 5440 04:14:49,001 --> 04:14:51,000 BUDGET DEFICIT BY \$55 BILLION, 5441 04:14:51,001 --> 04:14:52,000 WHICH THIS BILL DOES AS IT 5442 04:14:52,001 --> 04:14:53,000 CURRENTLY HAS BEEN OFFERED, THE 5443 04:14:53,001 --> 04:14:55,000 OPTION OFFERED BY THE SENATOR 5444 04:14:55,001 --> 04:14:57,000 FROM SOUTH DAKOTA WOULD HAVE 5445 04:14:57,001 --> 04:14:59,000 REDUCED THE DEFICIT -- REDUCED 5446 04:14:59,001 --> 04:15:02,000 THE DEFICIT -- BY \$68 BILLION 5447 04:15:02,001 --> 04:15:03,000 AND EXTENDED THE EXPIRED TAX 5448 04:15:03,001 --> 04:15:10,000 PROVISIONS. 5449 04:15:10,001 --> 04:15:12,000 IT IS BAFFLING TO ME WHY WE 5450 04:15:12,001 --> 04:15:14,000 WOULD REJECT, WHY THE SENATE 5451 04:15:14,001 --> 04:15:16,000 WOULD REJECT AN OPPORTUNITY TO 5452 04:15:16,001 --> 04:15:20,000 DO WHAT, ON A BIPARTISAN BASIS 5453 04:15:20,001 --> 04:15:22,000 WE WANT TO DO, EXTEND THESE TAX 5454 04:15:22,001 --> 04:15:24,000 BENEFITS FOR THE BENEFIT OF THE 5455 04:15:24,001 --> 04:15:26,000 AMERICAN PEOPLE, BUT TO DO SO IN 5456 04:15:26,001 --> 04:15:27,000 A WAY THAT'S FISCALLY 5457 04:15:27,001 --> 04:15:30,000 RESPONSIBLE. 5458 04:15:30,001 --> 04:15:31,000 I JUST DON'T -- I DON'T GET IT. 5459 04:15:31,001 --> 04:15:33,000 AND, HENCE, FURTHER EVIDENCE OF 5460 04:15:33,001 --> 04:15:36,000 THE GROWING DISCONNECT BETWEEN 5461 04:15:36,001 --> 04:15:37,000 WHAT'S HAPPENING HERE IN WASHINGTON IN THE UNITED STATES 5462 04:15:37,001 --> 04:15:39,000 CONGRESS AND WHAT WE'RE HEARING 5463 04:15:39,001 --> 04:15:40,000 FROM THE AMERICAN PEOPLE, WHO 5464 04:15:40,001 --> 04:15:43,000 ARE TIRED OF RECKLESS SPENDING 5465 04:15:43,001 --> 04:15:45,000 AND THEY'RE TIRED OF ENDLESS 5466 04:15:45,001 --> 04:15:46,000 DEBT AND THEYNOW A DAY OF 5467 04:15:46,001 --> 04:15:47,000 RECKONING WILL COME. 5468 04:15:47,001 --> 04:15:48,000 MR. PRESIDENT, IF THE SENATE 5469 04:15:48,001 --> 04:15:51,000 ADOPTS THE LEGISLATION BEFORE US 5470 04:15:51,001 --> 04:15:53,000 US, IT WILL SEND ANOTHER CLEAR MESSAGE. 5471 04:15:53,001 --> 04:15:58,000 IT WILL TELL INVESTMENT FIRMS 5472 04:15:58,001 --> 04:15:59,000 AND REAL ESTATE PARTNERSHIPS, IT 5473 04:15:59,001 --> 04:16:00,000 WILL SEND THE MESSAGE THAT YOU 5474 04:16:00,001 --> 04:16:04,000 HAVE BEEN PUNISHED FOR TAKING 5475 04:16:04,001 --> 04:16:05,000 RISKS, YOU HAVE BEEN PUNISHED 5476 04:16:05,001 --> 04:16:11,000 FOR CREATING JOBS, AND YOU HAVE 5477 04:16:11,001 --> 04:16:12,000 BEEN PUNISHED FOR SUCCESS. 5478 04:16:12,001 --> 04:16:13,000 FOR ALL OTHER AMERICAN 5479 04:16:13,001 --> 04:16:14,000 ENTREPRENEURS, THE PEOPLE WE 5480 04:16:14,001 --> 04:16:15,000 OUGHT TO BE ENCOURAGING BECAUSE 5481 04:16:15,001 --> 04:16:18,000 THESE ARE THE PEOPLE WHO MAKE 5482 04:16:18,001 --> 04:16:20,000 THE INVESTMENT THAT ALLOWS 5483 04:16:20,001 --> 04:16:21,000 COMPANIES TO BE STARTED AND 5484 04:16:21,001 --> 04:16:24,000 COMPANIES TO GROW AND JOBS TO BE 5485 04:16:24,001 --> 04:16:26,000 CREATED, BUT TO ALL OTHER 5486 04:16:26,001 --> 04:16:28,000 AMERICAN ENTREPRENEURS IT WILL 5487 04:16:28,001 --> 04:16:31,000 SEND THE MESSAGE THAT IT MAY NOT 5488 04:16:31,001 --> 04:16:32,000 HAVE BEEN YOU THIS TIME, BUT 5489 04:16:32,001 --> 04:16:33,000 YOU'RE NEXT. 5490 04:16:33,001 --> 04:16:35,000 THE NEXT TIME THE BIG SPENDERS 5491 04:16:35,001 --> 04:16:37,000 WANT MORE MONEY TO GROW THE SIZE 5492 04:16:37,001 --> 04:16:41,000 OF THE FEDERAL GOVERNMENT, YOUR 5493 04:16:41,001 --> 04:16:44,000 COMPANY, YOUR BUSINESS COULD BE 5494 04:16:44,001 --> 04:16:45,000 THE NEXT ON THE CHOPPING BLOCK. 5495 04:16:45,001 --> 04:16:47,000 TO GLOBAL INVESTORS -- AND WE 5496 04:16:47,001 --> 04:16:49,000 KNOW THAT IN GLOBALIZED ECONOMY, 5497 04:16:49,001 --> 04:16:51,000 THERE ARE PEOPLE ALL AROUND THE 5498 04:16:51,001 --> 04:16:52,000 WORLD THAT HAVE A LOT OF 5499 04:16:52,001 --> 04:16:55,000 DIFFERENT CHOICES IN WHERE THEY 5500 04:16:55,001 --> 04:16:56,000 WANT TO START THEIR BUSINESS. 5501 04:16:56,001 --> 04:16:58,000 UNFORTUNATELY, TO THESE GLOBAL 5502 04:16:58,001 --> 04:17:00,000 INVESTORS, IT WILL SEND THE 5503 04:17:00,001 --> 04:17:01,000 MESSAGE, IF WE PASS THIS BILL AS 5504 04:17:01,001 --> 04:17:06,000 WRITTEN, AMERICA DOES NOT WANT 5505 04:17:06,001 --> 04:17:07,000 YOUR BUSINESS. 5506 04:17:07,001 --> 04:17:09,000 AMERICA DOES NOT WANT YOUR BUSINESS. 5507 04:17:09,001 --> 04:17:12,000 NOW, I CAN'T THINK OF A MORE 5508 04:17:12,001 --> 04:17:15,000 DAMAGING, AORE DESTRUCTIVE 5509 04:17:15,001 --> 04:17:16,000 MESSAGE TO BE SENT BY WHAT WE DO 5510 04:17:16,001 --> 04:17:17,000 HERE IN THE CONGRESS THAN TO 5511 04:17:17,001 --> 04:17:18,000 SEND THE MESSAGE TO GLOBAL 5512 04:17:18,001 --> 04:17:20,000 INVESTORS THAT WE DON'T WANT 5513 04:17:20,001 --> 04:17:22,000 YOUR BUSINESS HERE IN AMERICA. 5514 04:17:22,001 --> 04:17:23,000 AND THAT'S BECAUSE OUR ECONOMIC 5515 04:17:23,001 --> 04:17:25,000 RIVALS, OTHER COUNTRIES LIKE 5516 04:17:25,001 --> 04:17:29,000 CHINA AND INDIA AND OTHERS, 5517 04:17:29,001 --> 04:17:31,000 OFFER A MUCH LOWER TAX AND OFFER 5518 04:17:31,001 --> 04:17:33,000 A MUCH MORE WELCOMING 5519 04:17:33,001 --> 04:17:34,000 ENVIRONMENT WHEN IT COMES TO 5520 04:17:34,001 --> 04:17:35,000 ENTREPRENEURS AND INVESTORS FROM 5521 04:17:35,001 --> 04:17:37,000 A TAX PERSPECTIVE. 5522 04:17:37,001 --> 04:17:41,000 AND TO THE 15 MILLION AMERICANS 5523 04:17:41,001 --> 04:17:43,000 WHO ARE UNEMPLOYED -- 15 MILLION 5524 04:17:43,001 --> 04:17:44,000 AMERICANS -- INCLUDING THE 5525 04:17:44,001 --> 04:17:45,000 472,000 WHO FILED FOR 5526 04:17:45,001 --> 04:17:49,000 UNEMPLOYMENT CLAIMS FOR THE 5527 04:17:49,001 --> 04:17:50,000 FIRST TIME LAST WEEK, THIS 5528 04:17:50,001 --> 04:17:51,000 LEGISLATION WILL SEND THE 5529 04:17:51,001 --> 04:17:58,000 MESSAGE THAT WASHINGTON'S 5530 04:17:58,001 --> 04:17:59,000 PRIORITY IS NOT IN CREATING 5531 04:17:59,001 --> 04:18:00,000 JOBS. 5532 04:18:00,001 --> 04:18:03,000 WASHINGTON'S PRIORITY IS TO GROW 5533 04:18:03,001 --> 04:18:05,000 THE GOVERNMENT. MR. PRESIDENT, I DON'T THINK 5534 04:18:05,001 --> 04:18:06,000 THESE ARE THE MESSAGES THAT WE 5535 04:18:06,001 --> 04:18:09,000 SHOULD BE SENDING. 5536 04:18:09,001 --> 04:18:11,000 I URGE MY COLLEAGUES TO OPPOSE 5537 04:18:11,001 --> 04:18:13,000 THIS SUBSTITUTE AMENDMENT. 5538 04:18:13,001 --> 04:18:15,000 WE'LL HAVE A CHANCE TO SHOW THE 5539 04:18:15,001 --> 04:18:19,000 AMERICAN PEOPLE ON WHICH SIDE WE 5540 04:18:19,001 --> 04:18:21,000 STAND WHEN WE VOTE NEXT ON THIS 5541 04:18:21,001 --> 04:18:22,000 CLOTURE ON THIS BILL TOMORROW 5542 04:18:22,001 --> 04:18:24,000 MORNING. 5543 04:18:24,001 --> 04:18:27,000 AND MAKE NO MISTAKE ABOUT IT, A 5544 04:18:27,001 --> 04:18:29,000 VOTE FOR THIS BILL WILL BE A 5545 04:18:29,001 --> 04:18:32,000 VOTE FOR KILLING JOBS, FOR 5546 04:18:32,001 --> 04:18:33,000 CHASING AWA INVESTMENT, FOR 5547 04:18:33,001 --> 04:18:37,000 SAYING AMERICA IS NOT INTERESTED 5548 04:18:37,001 --> 04:18:39,000 YOUR BUSINESS AT A TIME WHEN 5549 04:18:39,001 --> 04:18:40,000 AMERICANS ARE SUFFERING HIGH 5550 04:18:40,001 --> 04:18:41,000 UNEMPLOYMENT AND PEOPLE ARE 5551 04:18:41,001 --> 04:18:42,000 LOSING THEIR HOMES BECAUSE THEY 5552 04:18:42,001 --> 04:18:46,000 CAN'T PAY THEIR MORTGAGE PAYMENT 5553 04:18:46,001 --> 04:18:55,000 BECAUSE THEY'VE LOST THEIR JOBS, 5554 04:18:55,001 --> 04:18:56,000 WITH NO -- WITH NO END IN SIGHT. 5555 04:18:56,001 --> 04:18:57,000 AND SUGGEST THE ABSENCE OF A QUORUM. 5556 04:18:57,001 --> 04:19:04,000 THE PRESIDING OFFICER: THE CLERK 5557 04:19:04,001 --> 04:27:02,000 WILL CALL THE ROLL. 5558 04:27:02,001 --> 04:27:03,000 QUORUM CALL: 5559 04:27:03,001 --> 04:27:04,000 MR. WHITEHOUSE: MR. PRESIDENT? 5560 04:27:04,001 --> 04:27:05,000 THE PRESIDING OFFICER: THE 5561 04:27:05,001 --> 04:27:06,000 SENATOR FROM RHODE ISLAND IS 5562 04:27:06,001 --> 04:27:07,000 RECOGNIZED. 5563 04:27:07,001 --> 04:27:09,000 MR. WHITEHOUSE: MR. PRESIDENT, 5564 04:27:09,001 --> 04:27:10,000 MAY I ASK THAT THE 5565 04:27:10,001 --> 04:27:11,000 QUORUM CALL BE LIFTED? THE PRESIDING OFFICER: WITHOUT 5566 04:27:11,001 --> 04:27:13,000 OBJECTION, IT IS SO ORDERED. 5567 04:27:13,001 --> 04:27:14,000 MR. WHITE HOUSE: THANK YOU, MR. PRESIDENT. 5568 04:27:14,001 --> 04:27:15,000 -- 5569 04:27:15,001 --> 04:27:16,000 MR. WHITEHOUSE: THANK YOU, MR. PRESIDENT. 5570 04:27:16,001 --> 04:27:17,000 I'D LIKE TO ASK UNANIMOUS 5571 04:27:17,001 --> 04:27:18,000 CONSENT TO SPEAK IN MORNING 5572 04:27:18,001 --> 04:27:19,000 BUSINESS FOR 20 MINUTES. 5573 04:27:19,001 --> 04:27:22,000 THE PRESIDING OFFICER: WITHOUT 5574 04:27:22,001 --> 04:27:25,000 OBJECTION, IT IS SO ORDED. 5575 04:27:25,001 --> 04:27:27,000 HOUSE: THANK YOU. MR. PRESIDENT, WE HAVE WATCHED 5576 04:27:27,001 --> 04:27:28,000 WITH HORROR THE UNFOLDING 5577 04:27:28,001 --> 04:27:31,000 DISASTER IN THE GULF. 5578 04:27:31,001 --> 04:27:34,000 WE HAVE SEEN PRECIOUS LIVES 5579 04:27:34,001 --> 04:27:37,000 LOST, HARD-EARNED LIVELIHOODS 5580 04:27:37,001 --> 04:27:38,000 HAMMERED, TREASURED WAYS OF LIFE 5581 04:27:38,001 --> 04:27:39,000 IMPERILED. 5582 04:27:39,001 --> 04:27:42,000 WE HAVE SEEN THE LARGEST 5583 04:27:42,001 --> 04:27:43,000 DEPLOYMENT OF RESOURCES EVER 5584 04:27:43,001 --> 04:27:46,000 AGAINST AN ENVIRONMENTAL 5585 04:27:46,001 --> 04:27:48,000 DISASTER. 5586 04:27:48,001 --> 04:27:49,000 WE HAVE SEEN ASTONISHING 5587 04:27:49,001 --> 04:27:52,000 CORPORATE NEGLIGENCE. 5588 04:27:52,001 --> 04:27:53,000 BUT WE HAVE SEEN SOMETHING ELSE 5589 04:27:53,001 --> 04:27:55,000 TOO, SOMETHING THAT OUGHT TO BE 5590 04:27:55,001 --> 04:27:56,000 A LASTING LESSON FROM THIS 5591 04:27:56,001 --> 04:27:59,000 CATASTROPHE. 5592 04:27:59,001 --> 04:28:03,000 WE HAVE SEEN THE REVOLTING 5593 04:28:03,001 --> 04:28:06,000 SPECTER OF AN AGENCY OF 5594 04:28:06,001 --> 04:28:07,000 GOVERNMENT SUBSERVIENT TO, 5595 04:28:07,001 --> 04:28:10,000 CAPTIVE TO THE INDUSTRY IT IS 5596 04:28:10,001 --> 04:28:15,000 SUPPOSED TO REGULATE. 5597 04:28:15,001 --> 04:28:18,000 THE MINERALS MANAGEMENT SERVICE, 5598 04:28:18,001 --> 04:28:20,000 SUPPOSED TO REGULATE DEEP SEA 5599 04:28:20,001 --> 04:28:21,000 ILLING, HERE'S WHAT WE HAVE 5600 04:28:21,001 --> 04:28:22,000 SEEN. 5601 04:28:22,001 --> 04:28:26,000 FROM THE 2008 INSPECTOR GENERAL 5602 04:28:26,001 --> 04:28:27,000 REPORT ON M. 5603 04:28:27,001 --> 04:28:29,000 ROYALTY-IN-KIND PROGRAM BASED IN 5604 04:28:29,001 --> 04:28:30,000 COLORADO, SENIOR EXECUTIVE 5605 04:28:30,001 --> 04:28:32,000 STEERING LUCRATIVE CONTRACTS TO 5606 04:28:32,001 --> 04:28:33,000 AN OUTSIDE COMPANY CREATED BY 5607 04:28:33,001 --> 04:28:35,000 THE EXECUTIVES. 5608 04:28:35,001 --> 04:28:36,000 STAFF FAILING TO COLLECT 5609 04:28:36,001 --> 04:28:38,000 MILLIONS OF DOLLARS IN ROYALTIES 5610 04:28:38,001 --> 04:28:39,000 OWED TO THE AMERICAN PEOPLE AND 5611 04:28:39,001 --> 04:28:41,000 ALLOWING OIL AND GAS COMPANIES 5612 04:28:41,001 --> 04:28:43,000 TO REVISE THEIR OWN 5613 04:28:43,001 --> 04:28:46,000 MULTIMILLION-DOLLAR BIDS. 5614 04:28:46,001 --> 04:28:47,000 STAFF ACCEPTING GIFTS AND MONEY 5615 04:28:47,001 --> 04:28:49,000 FROM OIL AND GAS COMPANIES WITH 5616 04:28:49,001 --> 04:28:51,000 WHOM THE OFFICE WAS CONDUCTING 5617 04:28:51,001 --> 04:28:52,000 OFFICIAL BUSINESS. 5618 04:28:52,001 --> 04:28:53,000 ASK STAFF PARTICIPATING IN 5619 04:28:53,001 --> 04:28:56,000 SOCIAL EVENTS WITH INDUSTRY 5620 04:28:56,001 --> 04:29:00,000 REPRESENTATIVES THAT INCLUDED 5621 04:29:00,001 --> 04:29:01,000 ILLEGAL DRUG USE AND SEX. 5622 04:29:01,001 --> 04:29:03,000 FROM THE I.G. REPORT, THE 5623 04:29:03,001 --> 04:29:05,000 INSPECTOR GENERAL'S REPORT, 5624 04:29:05,001 --> 04:29:06,000 RELEASED LAST MONTH ON THE 5625 04:29:06,001 --> 04:29:08,000 M.M.S. OFFICE IN LAKE CHARLES, 5626 04:29:08,001 --> 04:29:12,000 LOUISIANA, THE DISTRICT MANAGER 5627 04:29:12,001 --> 04:29:14,000 TELLING INVESTIGATORS, OBVIOUSLY 5628 04:29:14,001 --> 04:29:16,000 WE'RE ALL OIL INDUSTRY. 5629 04:29:16,001 --> 04:29:17,000 EMPLOYEES ACCEPTING NUMEROUS 5630 04:29:17,001 --> 04:29:19,000 GIFTS FROM COMPANIES DOING 5631 04:29:19,001 --> 04:29:22,000 BUSINESS WITH M.M.S., INCLUDING 5632 04:29:22,001 --> 04:29:24,000 A TRIP TO THE 2005 PEACH BOWL ON 5633 04:29:24,001 --> 04:29:26,000 A PRIVATE AIRPLANE, SKEET 5634 04:29:26,001 --> 04:29:28,000 SHOOTING CONTESTS, HUNTING AND 5635 04:29:28,001 --> 04:29:30,000 FISHING TRIPS, AND GOLF TOURNAMENTS. 5636 04:29:30,001 --> 04:29:33,000 AN M.M.S. INSPECTOR CONDUCTING?? 5637 04:29:33,001 --> 04:29:35,000 FOUR INSPECTIONS OF OIL DRILLING 5638 04:29:35,001 --> 04:29:39,000 PLATFORMS WHILE NEGOTIATING A 5639 04:29:39,001 --> 04:29:40,000 JOB FOR HIMSELF WITH THE OWNER 5640 04:29:40,001 --> 04:29:43,000 THE -- OWNER OF THE PLATFORMS 5641 04:29:43,001 --> 04:29:45,000 AND FINDING, GUESS WHAT?, NO 5642 04:29:45,001 --> 04:29:47,000 VIOLATIONS DURING THOSE INSPECTIONS. 5643 04:29:47,001 --> 04:29:51,000 AND THE 2007 INSPECTOR GENERAL'S 5644 04:29:51,001 --> 04:29:52,000 REPORT INTO THE M.M.S. MINERALS 5645 04:29:52,001 --> 04:29:53,000 MANAGEMENT REVENUE OFFIC 5646 04:29:53,001 --> 04:29:55,000 CITED -- AND I QUOTE -- 5647 04:29:55,001 --> 04:29:56,000 "SIGNIFICANT ISSUES WORTHY OF 5648 04:29:56,001 --> 04:29:58,000 SEPARATE INVESTIGATION, 5649 04:29:58,001 --> 04:29:59,000 INCLUDING ETHICAL LAPSES, 5650 04:29:59,001 --> 04:30:01,000 PROGRAM MISMANAGEMENT, AND 5651 04:30:01,001 --> 04:30:03,000 PROCESS FAILURES." 5652 04:30:03,001 --> 04:30:06,000 AS MY HOMETOWN "PROVIDENCE 5653 04:30:06,001 --> 04:30:07,000 JOURNAL" WROTE IN A RECENT 5654 04:30:07,001 --> 04:30:08,000 EDITORIAL, "THE DEEPWATER 5655 04:30:08,001 --> 04:30:09,000 HORIZON ACCIDENT HAS MADE IT 5656 04:30:09,001 --> 04:30:11,000 PAINFULLY CLEAR THAT IN ITS 5657 04:30:11,001 --> 04:30:13,000 CURRENT FORM, M.M.S. IS A 5658 04:30:13,001 --> 04:30:18,000 PATHETIC PUBLIC GUARDIAN. 5659 04:30:18,001 --> 04:30:20,000 NEITHER IT NOR B.P. WAS PREPARED 5660 04:30:20,001 --> 04:30:21,000 FOR A DISASTER OF THIS MAGNITUDE 5661 04:30:21,001 --> 04:30:23,000 AND M.M.S.'S COZY RELATIONSHIP 5662 04:30:23,001 --> 04:30:24,000 WITH INDUSTRY IS A BIG REASON 5663 04:30:24,001 --> 04:30:27,000 WHY." 5664 04:30:27,001 --> 04:30:29,000 I AGREE WITH 5665 04:30:29,001 --> 04:30:32,000 WITH THE "PROVIDENCE JOURNAL." 5666 04:30:32,001 --> 04:30:34,000 THE SCOPE, THE EXTENT, THE 5667 04:30:34,001 --> 04:30:36,000 INSIDIOUS NATURE OF CORPORATE 5668 04:30:36,001 --> 04:30:38,000 INFLUENCE IN A REGULATORY 5669 04:30:38,001 --> 04:30:40,000 AGENCIES OF GOVERNMENT, THIS 5670 04:30:40,001 --> 04:30:43,000 QUESTION OF REGULATORY CAPTURE 5671 04:30:43,001 --> 04:30:46,000 IS SOMETHING WE SHOULD ATTEND TO HERE. 5672 04:30:46,001 --> 04:30:48,000 IT IS THE LESSON. 5673 04:30:48,001 --> 04:30:50,000 AND IT RAISES THE QUESTION 5674 04:30:50,001 --> 04:30:51,000 BEYOND THE MINERALS MANAGEMENT 5675 04:30:51,001 --> 04:30:54,000 SERVICE. 5676 04:30:54,001 --> 04:30:59,000 HOW FAR DOES THIS CORPORATE 5677 04:30:59,001 --> 04:31:00,000 INFLUENCE REACH INTO OUR 5678 04:31:00,001 --> 04:31:01,000 AGENCIES OF GOVERNMENT? 5679 04:31:01,001 --> 04:31:03,000 THE WEALTH OF THE CORPORATE 5680 04:31:03,001 --> 04:31:05,000 WORLD IS STAGGERING. 5681 04:31:05,001 --> 04:31:08,000 THE FIVE BIGGEST 5682 04:31:08,001 --> 04:31:10,000 JUST THIS QUARTER POSTED PROFITS 5683 04:31:10,001 --> 04:31:15,000 OF \$23 BILLION. 5684 04:31:15,001 --> 04:31:17,000 THAT'S A 23 WITH 12 ZEROS BEHIND 5685 04:31:17,001 --> 04:31:19,000 IT IN JUST ONE-QUARTER. 5686 04:31:19,001 --> 04:31:21,000 THE REPUBLICAN APPOINTEES ON THE 5687 04:31:21,001 --> 04:31:23,000 SCORE JUST OVERTURNED DECADES OF 5688 04:31:23,001 --> 04:31:25,000 PRECEDENT AND 100 YEARS OF 5689 04:31:25,001 --> 04:31:26,000 PRACTICE TO GIVE THESE BIG 5690 04:31:26,001 --> 04:31:29,000 CORPORATIONS FREEDOM TO SPEND 5691 04:31:29,001 --> 04:31:33,000 UNLIMITED FUNDS IN OUR AMERICAN ELECTIONS. 5692 04:31:33,001 --> 04:31:35,000 PUT IT TO SCALE, 5693 04:31:35,001 --> 04:31:37,000 CONSIDER \$23 BILLION OF PURE 5694 04:31:37,001 --> 04:31:40,000 PROFIT JUST IN ONE-QUARTER BY 5695 04:31:40,001 --> 04:31:42,000 BIG OIL AND COMPARE THE OBAMA 5696 04:31:42,001 --> 04:31:45,000 AND McCAIN CAMPAIGNS TOGETHER, 5697 04:31:45,001 --> 04:31:47,000 SPENT ABOUT \$1 BILLION IN THE 5698 04:31:47,001 --> 04:31:51,000 LAST ELECTION. 5699 04:31:51,001 --> 04:31:55,000 DO THE MATH. 5700 04:31:55,001 --> 04:31:59,000 FOR 5% OF ONE-QUARTER'S PROFITS, 5701 04:31:59,001 --> 04:32:03,000 BIG OIL COULD OUTSPEND BOTH 5702 04:32:03,001 --> 04:32:04,000 AMERICAN PRESIDENTIAL CAMPAIGNS. 5703 04:32:04,001 --> 04:32:07,000 THAT MAYBE SOME POLITICIAN'S 5704 04:32:07,001 --> 04:32:09,000 IDEA OF A HAPPY DAY BECAUSE 5705 04:32:09,001 --> 04:32:10,000 THAT IS WHO THEY WORK TO PLEASE. 5706 04:32:10,001 --> 04:32:11,000 BUT IT IS WRONG AND IT NEEDS TO 5707 04:32:11,001 --> 04:32:14,000 BE STOPPED. 5708 04:32:14,001 --> 04:32:15,000 BUT THINK, IF THAT'S WHAT 5709 04:32:15,001 --> 04:32:18,000 CORPORATE INFLUENCE COULD DO IN 5710 04:32:18,001 --> 04:32:22,000 A NATIONAL ELECTION, THINK OF 5711 04:32:22,001 --> 04:32:24,000 WHAT THOSE VAST, POWERFUL 5712 04:32:24,001 --> 04:32:26,000 TENTACLES OF CORPORATE INFLUENCE 5713 04:32:26,001 --> 04:32:28,000 CAN DO TO A LITTLE GOVERNMENT 5714 04:32:28,001 --> 04:32:30,000 AGENCY LIKE THE MINERALS 5715 04:32:30,001 --> 04:32:32,000 MANAGEMENT SERVICE. 5716 04:32:32,001 --> 04:32:34,000 REVOLVING DOORS TO LUCRATIVE 5717 04:32:34,001 --> 04:32:35,000 JOBS IN THE INDUSTRY SO YOU'RE 5718 04:32:35,001 --> 04:32:40,000 SET FOR LIFE. 5719 04:32:40,001 --> 04:32:42,000 SPORTS TICKE, GIFTS, DRUGS, 5720 04:32:42,001 --> 04:32:44,000 CONSTANT RELENTLESS LOBBYING 5721 04:32:44,001 --> 04:32:47,000 PRESSURE, AND THREATS OF 5722 04:32:47,001 --> 04:32:51,000 LITIGATION. 5723 04:32:51,001 --> 04:32:52,000 STEADILY INSERTING INDUSTRY 5724 04:32:52,001 --> 04:32:54,000 OPERATIVES INTO POSITIONS. 5725 04:32:54,001 --> 04:32:56,000 INCH BY INCH THE TENTACLES OF 5726 04:32:56,001 --> 04:32:58,000 INDUSTRY REACH FURTHER AND 5727 04:32:58,001 --> 04:33:01,000 FURTHER INTO THE REGULATOR UNTIL 5728 04:33:01,001 --> 04:33:03,000 IT SILENTLY AND INVISIBLY COMES 5729 04:33:03,001 --> 04:33:06,000 UNDER INDUSTRY CONTROL. 5730 04:33:06,001 --> 04:33:08,000 AND BECOMES THE INDUSTRY'S 5731 04:33:08,001 --> 04:33:10,000 PUPPET UNTIL IT IS SERVING THE 5732 04:33:10,001 --> 04:33:12,000 SPECIAL INTERESTS AND NOT THE 5733 04:33:12,001 --> 04:33:16,000 PUBLIC INTEREST. 5734 04:33:16,001 --> 04:33:20,000 THIS IS NO NEW PHENOMENON. 5735 04:33:20,001 --> 04:33:21,000 MARVA BENSTEIN WROTE ABOUT THIS 5736 04:33:21,001 --> 04:33:23,000 15 YEARS AGO. 5737 04:33:23,001 --> 04:33:25,000 HE SAID THAT A REGULATOR TENDS 5738 04:33:25,001 --> 04:33:26,000 OVER TIME TO BECOME MORE 5739 04:33:26,001 --> 04:33:28,000 CONCERNED WITH THE GENERAL 5740 04:33:28,001 --> 04:33:30,000 HEALTH OF THE INDUSTRY AND TRIES 5741 04:33:30,001 --> 04:33:32,000 TO PREVENT CHANGES WHICH WILL 5742 04:33:32,001 --> 04:33:34,000 ADVERSELY AFFECT IT. 5743 04:33:34,001 --> 04:33:35,000 TO BECOME PASSIVE TOWARD THE 5744 04:33:35,001 --> 04:33:38,000 PUBLIC INTEREST. 5745 04:33:38,001 --> 04:33:42,000 THIS, HE SAID, IS A PROBLEM OF 5746 04:33:42,001 --> 04:33:43,000 ETHICS AND MORALITY AS WELL AS 5747 04:33:43,001 --> 04:33:46,000 ADMINISTRATIVE METHOD. 5748 04:33:46,001 --> 04:33:47,000 AND HE CALLED IT A BLOW TO 5749 04:33:47,001 --> 04:33:49,000 DEMOCRATIC GOVERNMENT AND 5750 04:33:49,001 --> 04:33:50,000 RESPONSIBLE POLITICAL 5751 04:33:50,001 --> 04:33:53,000 INSTITUTIONS. 5752 04:33:53,001 --> 04:33:56,000 ULTIMATELY THIS LEADS TO WHAT HE 5753 04:33:56,001 --> 04:33:58,000 CALLED SURRENDER. 5754 04:33:58,001 --> 04:34:02,000 QUOTE, "THE COMMISSION FINALLY 5755 04:34:02,001 --> 04:34:03,000 BECOMES A CAPTIVE OF THE 5756 04:34:03,001 --> 04:34:06,000 REGULATED GROUPS. 5757 04:34:06,001 --> 04:34:08,000 IF YOU DON'T WANT TO GO BACK 5758 04:34:08,001 --> 04:34:12,000 HALF A CENTURY FOR REGULATORY 5759 04:34:12,001 --> 04:34:15,000 CAPTURE, LOOK TO WALL STREET'S 5760 04:34:15,001 --> 04:34:18,000 PAGE, WHERE A SENIOR FELLOW 5761 04:34:18,001 --> 04:34:21,000 WRITES, BY ALL ACCOUNTS M.M.S. 5762 04:34:21,001 --> 04:34:24,000 OPERATES AS A RUBBER STAMP FOR 5763 04:34:24,001 --> 04:34:25,000 B.P. 5764 04:34:25,001 --> 04:34:27,000 AGENCIES TASKED WITH PROTECTING 5765 04:34:27,001 --> 04:34:28,000 THE PUBLIC INTEREST COME TO 5766 04:34:28,001 --> 04:34:30,000 IDENTIFY WITH THE REGULATED 5767 04:34:30,001 --> 04:34:32,000 INDUSTRY AND PROTECT ITS 5768 04:34:32,001 --> 04:34:35,000 INTERESTS AGAINST THAT OF THE PUBLIC. 5769 04:34:35,001 --> 04:34:37,000 THE RESULT, GOVERNMENT FAILS TO 5770 04:34:37,001 --> 04:34:40,000 PROTECT THE PUBLIC." END QUOTE. 5771 04:34:40,001 --> 04:34:41,000 THERE IS PLENTY OF EVIDENCE THAT 5772 04:34:41,001 --> 04:34:42,000 THE OIL AND GAS INDUSTRY HAD 5773 04:34:42,001 --> 04:34:45,000 CAPTURED M.M.S. 5774 04:34:45,001 --> 04:34:48,000 AND WHEN YOU HAVE A CAPTIVE 5775 04:34:48,001 --> 04:34:51,000 AGENCY, YOU GET WHAT WE'VE SEEN. 5776 04:34:51,001 --> 04:34:52,000 A LOTTERING, DELETING, OR 5777 04:34:52,001 --> 04:34:55,000 IGNORING WARNINGS AND 5778 04:34:55,001 --> 04:34:57,000 RECOMMENDATIONS FROM GOVERNMT SCIENTISTS. 5779 04:34:57,001 --> 04:34:58,000 A DRAFT ENVIRONMENTAL ANALYSIS 5780 04:34:58,001 --> 04:35:02,000 FOR DRILLING IN THE GULF FROM 5781 04:35:02,001 --> 04:35:03,000 MAY OF 2000 INCLUDED THE 5782 04:35:03,001 --> 04:35:05,000 HAUNTING PREDICTION THAT AND I 5783 04:35:05,001 --> 04:35:08,000 QUOTE -- "THE OIL INDUSTRY'S 5784 04:35:08,001 --> 04:35:10,000 EXPERIENCED BASE IN DEEPWATER 5785 04:35:10,001 --> 04:35:12,000 WELL CONTROL IS LIMITED. 5786 04:35:12,001 --> 04:35:15,000 AND A MASSIVE OIL SPILL COULD 5787 04:35:15,001 --> 04:35:17,000 EASILY TURN OUT TO BE A 5788 04:35:17,001 --> 04:35:18,000 POTENTIAL SHOWSTOPPER FOR THE 5789 04:35:18,001 --> 04:35:21,000 OUTER CONTINENTAL SHELF PROGRAM 5790 04:35:21,001 --> 04:35:23,000 IF THE INDUSTRY AND M.M.S. DO 5791 04:35:23,001 --> 04:35:25,000 NOT COME TOGETHER AS A WHOLE TO 5792 04:35:25,001 --> 04:35:28,000 PREVENT SUCH AN INCIDENT. 5793 04:35:28,001 --> 04:35:31,000 THIS UNWELCOMED OBSERVATION WAS 5794 04:35:31,001 --> 04:35:32,000 DELETED FROM THE FINAL ANALYSIS 5795 04:35:32,001 --> 04:35:34,000 PUBLISHED. 5796 04:35:34,001 --> 04:35:35,000 OIL D GAS COMPANY EMPLOYEES 5797 04:35:35,001 --> 04:35:38,000 FILLED OUT OFFICIAL INSPECTION 5798 04:35:38,001 --> 04:35:41,000 FORMS IN PENCIL FOR THE M.M. 5799 04:35:41,001 --> 04:35:43,000 INSPECTORS TO TRACE OVER IN PEN. 5800 04:35:43,001 --> 04:35:45,000 NEARLY 400 CATEGORICAL 5801 04:35:45,001 --> 04:35:47,000 EXCLUSIONS SHIELDED EVEN 5802 04:35:47,001 --> 04:35:48,000 DEEPWATER DRILLING FROM THOROUGH 5803 04:35:48,001 --> 04:35:51,000 ENVIRONMENTAL REVIEW. 5804 04:35:51,001 --> 04:35:53,000 CUT AND PEACE ENVIRONMENTAL 5805 04:35:53,001 --> 04:35:54,000 ASSESSMENTS WERE PROVIDED BY THE 5806 04:35:54,001 --> 04:35:55,000 OIL AND GAS COMPANIES. 5807 04:35:55,001 --> 04:36:00,000 B.P.'S ENVIRONMENTAL ASSESSMENT 5808 04:36:00,001 --> 04:36:02,000 LISTED WALL RUSSS -- WALRUSSES 5809 04:36:02,001 --> 04:36:03,000 AS A SPECIES OF CONCERN IN THE 5810 04:36:03,001 --> 04:36:05,000 GULF OF MEXICO. 5811 04:36:05,001 --> 04:36:07,000 MR. PRESIDENT, THERE ARE NOT AND 5812 04:36:07,001 --> 04:36:10,000 NEVER HAVE BEEN IN THE MEMORY OF 5813 04:36:10,001 --> 04:36:14,000 MAN WALRUSES IN THE GULF OF MEXICO. 5814 04:36:14,001 --> 04:36:16,000 WHEN THEY'RE WRITING ABOUT 5815 04:36:16,001 --> 04:36:18,000 WALRUSES IN GULF OF MEXICO, 5816 04:36:18,001 --> 04:36:20,000 THEY'RE CUTTING AND PEACING 5817 04:36:20,001 --> 04:36:21,000 DOCUMENTS OUT OF ALASKA, TWO, 5818 04:36:21,001 --> 04:36:23,000 THEY KNOW THEY'RE NOT PAYING 5819 04:36:23,001 --> 04:36:25,000 ATTENTION TO WHAT THEY WRITE 5820 04:36:25,001 --> 04:36:27,000 BECAUSE IT DOESN'T MATTER, AND, 5821 04:36:27,001 --> 04:36:28,000 THREE, THEY KNOW THAT M.M.S. 5822 04:36:28,001 --> 04:36:30,000 WILL NOT CATCH THE FACT THAT 5823 04:36:30,001 --> 04:36:32,000 THEY PEACED IT BECAUSE THEY'RE 5824 04:36:32,001 --> 04:36:34,000 NOT LOOKING AT IT EITHER. 5825 04:36:34,001 --> 04:36:37,000 M.M.S. ADOPTED WHOLESALE FOR ITS 5826 04:36:37,001 --> 04:36:39,000 OIL AND GAS DRILLING BEST 5827 04:36:39,001 --> 04:36:40,000 PRACTICES, PROPOSALS OF THE 5828 04:36:40,001 --> 04:36:44,000 AMERICAN PETROLEUM INSTITUTE. 5829 04:36:44,001 --> 04:36:46,000 AND THEN THEY MADE MOST OF THOSE 5830 04:36:46,001 --> 04:36:48,000 BEST PRACTICES ONLY SUGGESTIONS. 5831 04:36:48,001 --> 04:36:51,000 THERE'S BEEN VIRTUALLY NO ENFORCEMENT. 5832 04:36:51,001 --> 04:36:55,000 ACCORDING TO THE M.M.S. WEBSITE 5833 04:36:55,001 --> 04:36:59,000 BETWEEN 2000 AND 2009 CIVIL 5834 04:36:59,001 --> 04:37:02,000 PENALTIES AVERAGED L 5835 04:37:02,001 --> 04:37:04,000 \$133 PER YEAR. 5836 04:37:04,001 --> 04:37:06,000 ONLY THREE CRIMINAL REFERRALS 5837 04:37:06,001 --> 04:37:08,000 WERE MADE TO THE DEPTMENT 5838 04:37:08,001 --> 04:37:11,000 SINCE 1990 IN THE LAST 20 YEARS. 5839 04:37:11,001 --> 04:37:13,000 ADD IT ALL UP, AND THERE IS NO 5840 04:37:13,001 --> 04:37:15,000 REAL QUESTION, M.M.S. WAS A 5841 04:37:15,001 --> 04:37:18,000 CAPTIVE REGULATOR. 5842 04:37:18,001 --> 04:37:19,000 SO THE QUESTION IS, AFTER ALL 5843 04:37:19,001 --> 04:37:22,000 THOSE YEARS OF CORPORATE CONTROL 5844 04:37:22,001 --> 04:37:25,000 OF GOVERNMENT IN THE BUSH YEARS, 5845 04:37:25,001 --> 04:37:27,000 HOW FAR ETCH REACHING -- HOW FAR 5846 04:37:27,001 --> 04:37:28,000 REACH SOMETHING THE INSINUATION 5847 04:37:28,001 --> 04:37:31,000 OF CORPORATE INFLUENCE? 5848 04:37:31,001 --> 04:37:33,000 WE KNOW BIG PHARMA WROTE THE 5849 04:37:33,001 --> 04:37:35,000 BUSH LEGISLATION, WE KNOW BIG 5850 04:37:35,001 --> 04:37:37,000 OIL AND BIG COAL SAT DOWN IN 5851 04:37:37,001 --> 04:37:38,000 SECRET WITH DICK CHENEY TO WRITE 5852 04:37:38,001 --> 04:37:40,000 THEIR ENERGY POLICY. 5853 04:37:40,001 --> 04:37:42,000 BUT DOWN BELOW THE DECKS, DOWN 5854 04:37:42,001 --> 04:37:43,000 IN THE GUTS OF THE 5855 04:37:43,001 --> 04:37:45,000 ADMINISTRATION'S AGENCIES, HOW 5856 04:37:45,001 --> 04:37:47,000 FAR WERE THE TENTACLES OF 5857 04:37:47,001 --> 04:37:48,000 CORPORATE INFLUENCE ALLOWED TO 5858 04:37:48,001 --> 04:37:49,000 REACH? 5859 04:37:49,001 --> 04:37:52,000 HOW. 5860 04:37:52,001 --> 04:37:53,000 INDUSTRY PLANTS ARE STEALTHILY 5861 04:37:53,001 --> 04:37:55,000 EMBEDDED IN THE GOVERNMENT THERE 5862 04:37:55,001 --> 04:37:58,000 TO SERVE THE INDUSTRY, NOT THE 5863 04:37:58,001 --> 04:37:59,000 ADMINISTRATION OR THE PUBLIC? 5864 04:37:59,001 --> 04:38:01,000 WELL, HOW IS IT LOOKING? 5865 04:38:01,001 --> 04:38:03,000 MR. PRESENT, IT IS NOT LOOKING GOOD. 5866 04:38:03,001 --> 04:38:06,000 THE SECURITIES AND EXCHANGE 5867 04:38:06,001 --> 04:38:08,000 COMMISSION, FOR INSTANCE, GAVE 5868 04:38:08,001 --> 04:38:10,000 UP ITS WATCHDOG ROLE YEARS AGO 5869 04:38:10,001 --> 04:38:13,000 AND BECAME THE LAB DOG OF THE 5870 04:38:13,001 --> 04:38:15,000 WALL STREET FINANCIERS, REFUSING 5871 04:38:15,001 --> 04:38:18,000 TO INVESTIGATE BERNIE MADOFF AND 5872 04:38:18,001 --> 04:38:20,000 HELPING TO PRECIPITATE THE 5873 04:38:20,001 --> 04:38:23,000 BIGGEST FINANCIAL DISASTER SINCE 5874 04:38:23,001 --> 04:38:25,000 THE GREAT DEPRESSION. 5875 04:38:25,001 --> 04:38:28,000 29 MINERS WERE KILLED IN A WEST 5876 04:38:28,001 --> 04:38:29,000 VIRGINIA MINE WITH A SAFETY RECORD THAT PRESIDENT OBAMA 5877 04:38:29,001 --> 04:38:31,000 CALLED TROUBLED. 5878 04:38:31,001 --> 04:38:34,000 THE MINE SAFETY AND HEALTH ADMINISTRATION HAS BEEN 5879 04:38:34,001 --> 04:38:35,000 DESCRIBED AS A REVOLVING DOOR 5880 04:38:35,001 --> 04:38:37,000 WITH INDUSTRY, STAFFED BY PEOPLE 5881 04:38:37,001 --> 04:38:40,000 WITH MINING COMPANY'S INTERESTS 5882 04:38:40,001 --> 04:38:41,000 AT HEART EVEN AT THE EXPENSE OF 5883 04:38:41,001 --> 04:38:45,000 WORKERS' SAFETY. 5884 04:38:45,001 --> 04:38:49,000 THE BUSH HEAD OF MMHA SWROAFER 5885 04:38:49,001 --> 04:38:54,000 SAW THE REWRITING OF -- THAT 5886 04:38:54,001 --> 04:38:56,000 ALLOWED THE TUNNELS TO DOUBLE AS 5887 04:38:56,001 --> 04:38:58,000 VENTILATION SHAFTS THAT LED TO A 5888 04:38:58,001 --> 04:39:00,000 2006 MASSIVE MINE DISASTER. 5889 04:39:00,001 --> 04:39:03,000 WHO KNOWS HOW FAR IT LEADS. 5890 04:39:03,001 --> 04:39:05,000 THINK OF THE TIMBER RIGHTS THE 5891 04:39:05,001 --> 04:39:08,000 TAXPAYER GIVES UP EVERY YEAR, 5892 04:39:08,001 --> 04:39:10,000 THE GRAZING RIGHTS, THE 5893 04:39:10,001 --> 04:39:11,000 MULTIBILLION DOLLAR CONTRACTS TO 5894 04:39:11,001 --> 04:39:14,000 BIG GOVERNMENT CONTRACTORS, THE 5895 04:39:14,001 --> 04:39:17,000 OIL AND COALESCES ON LAND, THE 5896 04:39:17,001 --> 04:39:19,000 CARNIVAL OF PUBLIC WEALTH AT 5897 04:39:19,001 --> 04:39:20,000 WHICH THESE BIG CORPORATIONS 5898 04:39:20,001 --> 04:39:23,000 FEED. 5899 04:39:23,001 --> 04:39:25,000 THE VITAL QUESTION IS THIS: ARE 5900 04:39:25,001 --> 04:39:29,000 THESE ASSETS OF OUR NATION STILL 5901 04:39:29,001 --> 04:39:30,000 IN THE HANDS OF SERVANTS OF THE 5902 04:39:30,001 --> 04:39:32,000 NATION? 5903 04:39:32,001 --> 04:39:36,000 OR HAVE THE SERVANTS OF THE 5904 04:39:36,001 --> 04:39:39,000 NATION QUIET AND INSIDIOUSLY 5905 04:39:39,001 --> 04:39:41,000 BECOME THE SERVANTS OF THE BIG, 5906 04:39:41,001 --> 04:39:44,000 PRIVATE CORPORATIONS WHO WANT TO 5907 04:39:44,001 --> 04:39:46,000 PROFIT FROM THAT PUBLIC WEALTH? 5908 04:39:46,001 --> 04:39:48,000 CORPORATIONS FOR WHOM EVERY 5909 04:39:48,001 --> 04:39:50,000 DOLLAR OF A SWEET DEAL, EVERY 5910 04:39:50,001 --> 04:39:52,000 AVOIDED EXPENSE ALLOWED BY A 5911 04:39:52,001 --> 04:39:54,000 COZY REGULATOR, EVERY CORNER CUT 5912 04:39:54,001 --> 04:39:55,000 IN SAFETY OR ENVIRONMENTAL 5913 04:39:55,001 --> 04:39:57,000 PROTECTION GOES STRAIGHT TO 5914 04:39:57,001 --> 04:39:59,000 THEIR BOTTOM LINE AND RIGHT INTO 5915 04:39:59,001 --> 04:40:01,000 THEIR POCKETS. 5916 04:40:01,001 --> 04:40:03,000 THE BIG MULTIBILLION DOLLAR 5917 04:40:03,001 --> 04:40:05,000 CORPORATIONS, IS THIS WHO WE 5918 04:40:05,001 --> 04:40:08,000 WANT SAFEGUARDING OUR NATIONAL ASSETS? 5919 04:40:08,001 --> 04:40:11,000 IS THIS WHO WE WANT CONTROLLING 5920 04:40:11,001 --> 04:40:12,000 AGENCIES OF THE UNITED STATES 5921 04:40:12,001 --> 04:40:13,000 GOVERNMENT? 5922 04:40:13,001 --> 04:40:15,000 MR. PRESIDENT, WINSTON CHURCHILL 5923 04:40:15,001 --> 04:40:19,000 ONCE SAID IN A PHRASE THAT I 5924 04:40:19,001 --> 04:40:24,000 LIKE, THAT HISTORY TURNS ON SHARP POINTS. 5925 04:40:24,001 --> 04:40:27,000 WH SHARP POINT ON WHICH 5926 04:40:27,001 --> 04:40:28,000 THE HISTORY OF THIS GULF 5927 04:40:28,001 --> 04:40:30,000 CATASTROPHE SHOULD TURN? 5928 04:40:30,001 --> 04:40:32,000 WHAT LESSON OF HISTORY IF LEFT 5929 04:40:32,001 --> 04:40:35,000 UNLEARNED AFTER THIS DISASTER 5930 04:40:35,001 --> 04:40:37,000 ARE WE CONDEMNED TO REPEAT? 5931 04:40:37,001 --> 04:40:39,000 I HOPE THAT THE LESSON WE LEARN 5932 04:40:39,001 --> 04:40:43,000 IS THIS ONE, THAT WE CAN NEVER, 5933 04:40:43,001 --> 04:40:45,000 NEVER, NEVER AGAIN LET AGENCIES 5934 04:40:45,001 --> 04:40:48,000 OF THE GOVERNMENT OF THE UNITED 5935 04:40:48,001 --> 04:40:50,000 STATES OF AMERICA FALL SO UNDER 5936 04:40:50,001 --> 04:40:51,000 THE INFLUENCE OF THE 5937 04:40:51,001 --> 04:40:53,000 CORPORATIONS THEY ARE SUPPOSED 5938 04:40:53,001 --> 04:40:55,000 TO REGULATE.?? 5939 04:40:55,001 --> 04:40:57,000 THIS GOVERNMENT OF OURS FOUNDED 5940 04:40:57,001 --> 04:41:01,000 IN A REVOLUTION PLEDGING THE 5941 04:41:01,001 --> 04:41:03,000 LIVES AND FORTUNE AND SACRED 5942 04:41:03,001 --> 04:41:05,000 HONOR OF THOSE EARLY PATRIOTS, 5943 04:41:05,001 --> 04:41:07,000 THIS GOVERNMENT OF OURS WHICH 5944 04:41:07,001 --> 04:41:09,000 HAS RAISED FOR MORE THAN TWO 5945 04:41:09,001 --> 04:41:11,000 CENTURIES THE PROMISE 5946 04:41:11,001 --> 04:41:13,000 IN HUMAN HEARTS, THIS GOVERNMENT 5947 04:41:13,001 --> 04:41:16,000 THAT LIFTS ITS LAMP ALOFT TO 5948 04:41:16,001 --> 04:41:19,000 BRIGHTEN THE DARKNESS OF CHAOS 5949 04:41:19,001 --> 04:41:21,000 AND DESPAIR IN FAR DISTANT 5950 04:41:21,001 --> 04:41:23,000 CORNERS OF THE GLOBE, THIS 5951 04:41:23,001 --> 04:41:25,000 GOVERNMENT WHO'S FINELY TUNED 5952 04:41:25,001 --> 04:41:27,000 BALANCED CRAFTED BY THE FOUNDERS 5953 04:41:27,001 --> 04:41:30,000 HAS SEEN US THROUGH CIVIL WAR 5954 04:41:30,001 --> 04:41:34,000 AND WORLD WAR, THROUGH THE LIGHT 5955 04:41:34,001 --> 04:41:36,000 BULB AND THE MODEL T AND THE 5956 04:41:36,001 --> 04:41:39,000 BOEING 747 AND THE IPROD. 5957 04:41:39,001 --> 04:41:42,000 THIS GOVERNMENT OF -- IPROD. 5958 04:41:42,001 --> 04:41:46,000 THIS GOVERNMENT OF OURS FORMED 5959 04:41:46,001 --> 04:41:50,000 BY WASHINGTON AND JEFFERSON AND 5960 04:41:50,001 --> 04:41:56,000 LATER LED BY LINCOLN AND TRUMAN 5961 04:41:56,001 --> 04:41:58,000 AND BY THEODORE ROOS VOTE, THIS 5962 04:41:58,001 --> 04:42:00,000 AMERICAN GOVERNMENT OF OURS 5963 04:42:00,001 --> 04:42:02,000 SHOULD NEVER BE ON ITS KNEES 5964 04:42:02,001 --> 04:42:03,000 BEFORE CORPORATE POWER NO MATTER 5965 04:42:03,001 --> 04:42:06,000 HOW STRONG. 5966 04:42:06,001 --> 04:42:09,000 IT SHOULD NEVER BE IN THE THRALL 5967 04:42:09,001 --> 04:42:10,000 OF CORPORATE WEALTH NO MATTER 5968 04:42:10,001 --> 04:42:12,000 HOW VAST. 5969 04:42:12,001 --> 04:42:14,000 THIS AMERICAN GOVERNMENT OF OURS 5970 04:42:14,001 --> 04:42:16,000 SHOULD NEVER GIVE THE AMERICAN 5971 04:42:16,001 --> 04:42:20,000 CITIZEN REASON TO QUESTION WHOSE 5972 04:42:20,001 --> 04:42:22,000 INTERESTS ARE BEING SERVED. NEVER. 5973 04:42:22,001 --> 04:42:23,000 IN THIS COMPLEX WORLD OF OURS, 5974 04:42:23,001 --> 04:42:26,000 MR. PRESIDENT, GOVERNMENT MUST 5975 04:42:26,001 --> 04:42:28,000 PROTECT US IN REMOTE AN 5976 04:42:28,001 --> 04:42:29,000 SPECIALIZED -- AND SPECIALIZED 5977 04:42:29,001 --> 04:42:32,000 PRECINCTS OF THE ECONOMY. 5978 04:42:32,001 --> 04:42:33,000 IN THOSE REMOTE PRECINCTS FEW 5979 04:42:33,001 --> 04:42:35,000 PEOPLE ARE WATCHING, BUT BIG 5980 04:42:35,001 --> 04:42:38,000 MONEY IS MADE. 5981 04:42:38,001 --> 04:42:40,000 WE MUST BE ABLE TO TRUST OUR 5982 04:42:40,001 --> 04:42:42,000 GOVERNMENT, BOTH IN PLAIN VIEW 5983 04:42:42,001 --> 04:42:45,000 IN FRONT OF US ANDN CORRS 5984 04:42:45,001 --> 04:42:47,000 FAR FROM SIGHT TO BE SERVING 5985 04:42:47,001 --> 04:42:49,000 ALWAYS THE PUBLIC INTEREST, NOT 5986 04:42:49,001 --> 04:42:51,000 DOING THE SECRET BIDDING OF 5987 04:42:51,001 --> 04:42:53,000 SPECIAL INTEREST. 5988 04:42:53,001 --> 04:42:54,000 -- INTEREST, OF CORPORATE 5989 04:42:54,001 --> 04:42:56,000 INTEREST BECAUSE THAT'S WHERE 5990 04:42:56,001 --> 04:42:59,000 THE BIG MONEY IS AT STAKE. 5991 04:42:59,001 --> 04:43:02,000 HAVE WE NOW LEARNED -- HAVE WE 5992 04:43:02,001 --> 04:43:05,000 NOW FINLY LEARNED FROM THE 5993 04:43:05,001 --> 04:43:08,000 FINANCIAL MELTDOWN AND THE GULF 5994 04:43:08,001 --> 04:43:12,000 DISASTER THE TERRIBLE PRICE OF 5995 04:43:12,001 --> 04:43:14,000 ALL THOSE CUT CORNERS, HAVE WE 5996 04:43:14,001 --> 04:43:17,000 LEARNED WHAT PRICE MUST BE PAID 5997 04:43:17,001 --> 04:43:19,000 WHEN THE STEALTHY TENTACLES OF 5998 04:43:19,001 --> 04:43:22,000 CORPORATE INFLUENCE ARE ALLOWED 5999 04:43:22,001 --> 04:43:23,000 TO CAPTURE OUR AGENCIES OF 6000 04:43:23,001 --> 04:43:24,000 GOVERN? 6001 04:43:24,001 --> 04:43:26,000 I PRAY LET US HAVE LEARNED THIS. 6002 04:43:26,001 --> 04:43:28,000 LET US HAVE LEARNED THAT LESSON. 6003 04:43:28,001 --> 04:43:30,000 I SINCERELY PRAY WE HAVE LEARNED 6004 04:43:30,001 --> 04:43:31,000 OUR LESSON AND THIS WILL NEVER 6005 04:43:31,001 --> 04:43:35,000 HAPPEN AGAIN. 6006 04:43:35,001 --> 04:43:37,000 BUT LET'S NOT JUST PRAY. 6007 04:43:37,001 --> 04:43:42,000 IN THIS TROUBLED WORLD GOD 6008 04:43:42,001 --> 04:43:43,000 WORKS THROUGH OUR HUMAN HANDS. 6009 04:43:43,001 --> 04:43:46,000 GROWS A MORE PERFECT UNION 6010 04:43:46,001 --> 04:43:48,000 THROUGH OUR HUMAN HEARTS. 6011 04:43:48,001 --> 04:43:49,000 CREATES HIS BELOVED COMMUNITY 6012 04:43:49,001 --> 04:43:50,000 THROUGH OUR HUMAN THOUGHTS AND 6013 04:43:50,001 --> 04:43:53,000 IDEAS. 6014 04:43:53,001 --> 04:43:55,000 SO IT IS NOT ENOUGH TO PRAY. 6015 04:43:55,001 --> 04:43:57,000 WE MUST ACT. 6016 04:43:57,001 --> 04:43:58,000 WE MUST ACT IN DEFENSE OF THE 6017 04:43:58,001 --> 04:44:00,000 INTEGRITY OF THIS GREAT 6018 04:44:00,001 --> 04:44:02,000 GOVERNMENT OF OURS WHICH HAS 6019 04:44:02,001 --> 04:44:04,000 BROUGHT SUCH LIGHT TO THE WORLD, 6020 04:44:04,001 --> 04:44:07,000 SUCH FREEDOM AND EQUITY TO OUR 6021 04:44:07,001 --> 04:44:08,000 COUNTRY,E CANNOT ALLOW THIS 6022 04:44:08,001 --> 04:44:10,000 GOVERNMENT THAT IS A MODEL 6023 04:44:10,001 --> 04:44:12,000 AROUND THE WORLD, THAT INSPIRES 6024 04:44:12,001 --> 04:44:13,000 PEOPLE TO RISK THEIR LIVES AND 6025 04:44:13,001 --> 04:44:16,000 FORTUNES TO COME TO OUR SHORES. 6026 04:44:16,001 --> 04:44:17,000 WE CANNOT ALLOW ANY ELEMENT OF 6027 04:44:17,001 --> 04:44:20,000 THIS GOVERNMENT TO BECOMTHE 6028 04:44:20,001 --> 04:44:22,000 TOOL OF CORPORATE POWER, THE 6029 04:44:22,001 --> 04:44:25,000 AVENUE OF CORPORATE INFLUENCE, 6030 04:44:25,001 --> 04:44:27,000 THE PUPPET OF CORPORATE 6031 04:44:27,001 --> 04:44:29,000 TENTACLES. 6032 04:44:29,001 --> 04:44:32,000 I PROPOSE TEST. 6033 04:44:32,001 --> 04:44:35,000 I PROPOSE A SIMPLE DEVICE IN 6034 04:44:35,001 --> 04:44:37,000 THIS COUNTRY OF LAWS AND MEN, OF 6035 04:44:37,001 --> 04:44:39,000 RULE OF LAW, IS TO APPOINT OUR 6036 04:44:39,001 --> 04:44:40,000 TOP NATIONAL LAW OFFICER, THE 6037 04:44:40,001 --> 04:44:43,000 ATTORNEY GENERAL OF THE UNITED 6038 04:44:43,001 --> 04:44:45,000 STATES, TO STEP IN AND CLEAN 6039 04:44:45,001 --> 04:44:46,000 HOUSE. 6040 04:44:46,001 --> 04:44:49,000 WHENEVER AN AGENCY OR ALMOST OF 6041 04:44:49,001 --> 04:44:51,000 GOVERNMENT IS NO LONGER CREDIBLY 6042 04:44:51,001 --> 04:44:55,000 INDEPENDENT OF THE INDUSTRY AND 6043 04:44:55,001 --> 04:44:56,000 BUSINESSES IT IS INTENDED TO REGULATE. 6044 04:44:56,001 --> 04:45:00,000 WHEN A COMPONENT OF GOVERNMENT 6045 04:45:00,001 --> 04:45:01,000 IS DEEMED NO LONGER CREDIBLY 6046 04:45:01,001 --> 04:45:03,000 INDEPENDENT OF THE CORPORATIONS 6047 04:45:03,001 --> 04:45:04,000 OR INDUSTRY IT I SUPPOSED TO 6048 04:45:04,001 --> 04:45:06,000 REGULATE, I SUGGEST THE ATTORNEY 6049 04:45:06,001 --> 04:45:08,000 GENERAL BE ALLOWED TO COME IN 6050 04:45:08,001 --> 04:45:11,000 AND CLEAN UP, TO HIRE AND FIRE 6051 04:45:11,001 --> 04:45:12,000 AND TAKE PERSONNEL ACTIONS, TO 6052 04:45:12,001 --> 04:45:14,000 ASSURE THE INTRITY OF THE 6053 04:45:14,001 --> 04:45:15,000 PERSONNEL, TO ESTABLISH INTERIM 6054 04:45:15,001 --> 04:45:17,000 REGULATIONS AND PROCEDURES, TO 6055 04:45:17,001 --> 04:45:19,000 ASSURE THE INTEGRITY OF THE 6056 04:45:19,001 --> 04:45:21,000 PROCESS, TO AUDIT PERMITS AND 6057 04:45:21,001 --> 04:45:22,000 CONTRACTS AND ASSURE THEY WERE 6058 04:45:22,001 --> 04:45:25,000 NOT AFFECTED BY IMPROPER 6059 04:45:25,001 --> 04:45:27,000 CORPATE INFLUENCE. 6060 04:45:27,001 --> 04:45:29,000 AND IF THEY WERE, TO RESCIND 6061 04:45:29,001 --> 04:45:30,000 THEM WHERE THEY'RE NOT IN THE 6062 04:45:30,001 --> 04:45:32,000 PUBLIC INTEREST DUE TO THAT 6063 04:45:32,001 --> 04:45:34,000 IMPROPER CORPORATE INFLUENCE. 6064 04:45:34,001 --> 04:45:36,000 TO ESTABLISH AN INTEGRITY PLAN 6065 04:45:36,001 --> 04:45:37,000 FOR THAT COMPONENT OF 6066 04:45:37,001 --> 04:45:38,000 GOVERNMENT. 6067 04:45:38,001 --> 04:45:39,000 ALL SUBJECT TO APPROPRIATE 6068 04:45:39,001 --> 04:45:40,000 JUDICIAL REVIEW WHERE PRIVATE 6069 04:45:40,001 --> 04:45:41,000 RIGHTS ARE AFFECTED. 6070 04:45:41,001 --> 04:45:43,000 AND THEN THE ATTORNEY GENERAL 6071 04:45:43,001 --> 04:45:49,000 CAN GET BACK OUT WITH HIS OR HER 6072 04:45:49,001 --> 04:45:50,000 JOB DONE, SORT OF LIKE AN ETHICS 6073 04:45:50,001 --> 04:45:51,000 TRUSTEESHIP OR RECEIVERSHIP. 6074 04:45:51,001 --> 04:45:52,000 MR. PRESIDENT, I'LL CONCLUDE BY 6075 04:45:52,001 --> 04:45:54,000 SAYING THAT THE DAMAGE TO 6076 04:45:54,001 --> 04:45:56,000 AMERICA FROM THE CORPORATE 6077 04:45:56,001 --> 04:45:57,000 TAKEOVER OF THE SECURITIES AND 6078 04:45:57,001 --> 04:46:00,000 EXCHANGE COMMISSION WAS NOTHING 6079 04:46:00,001 --> 04:46:02,000 SHORT OF CATASTROPHIC. 6080 04:46:02,001 --> 04:46:04,000 JUST IN MY HOME STATE, JUST IN 6081 04:46:04,001 --> 04:46:06,000 RHODE ISLAND, 70,000 RHODE 6082 04:46:06,001 --> 04:46:11,000 ISLANDERS ARE UNEMPLOYED AND 6083 04:46:11,001 --> 04:46:13,000 MANY HAVE LOST HOMES, 6084 04:46:13,001 --> 04:46:15,000 RETIREMENTS, HEALTH INSURANCE. 6085 04:46:15,001 --> 04:46:17,000 THE TOLL IS DEVASTATING. 6086 04:46:17,001 --> 04:46:19,000 THE DAMAGE FROM THE CORPORATE 6087 04:46:19,001 --> 04:46:21,000 TAKEOVER OF THE MINERALS 6088 04:46:21,001 --> 04:46:24,000 MANAGEMENT SERVICE HAS ALSO BEEN 6089 04:46:24,001 --> 04:46:27,000 CATASTROPHIC. 6090 04:46:27,001 --> 04:46:31,000 AND WHO KNOWS WHAT POTENTIALLY 6091 04:46:31,001 --> 04:46:32,000 CATASTROPHIC LURK -- 6092 04:46:32,001 --> 04:46:35,000 LURKS IN WHATEVER OTHER AGEIES 6093 04:46:35,001 --> 04:46:36,000 OF GOVNMENT HAVE SILENTLY 6094 04:46:36,001 --> 04:46:38,000 SUCCUMBED TO CORPORATE TAKEOVER 6095 04:46:38,001 --> 04:46:40,000 BUT JUST HAVE NOT YET EXPLODED 6096 04:46:40,001 --> 04:46:41,000 IN DISASTER. 6097 04:46:41,001 --> 04:46:44,000 IF THE FINANCIAL CATASTROPHE AND 6098 04:46:44,001 --> 04:46:46,000 THE GOVERNMENT CATASTROPHE AND 6099 04:46:46,001 --> 04:46:48,000 WHATEVER OTHER CATASTROPHES 6100 04:46:48,001 --> 04:46:51,000 LURK, IF THEY HAVE ANY MEANING 6101 04:46:51,001 --> 04:46:53,000 AT ALL, IT IS THAT BUSINESS AS 6102 04:46:53,001 --> 04:46:59,000 USUAL IS NO LONGER ENOUGH TO 6103 04:46:59,001 --> 04:47:00,000 STEM THE TIDE OF CORPORATE 6104 04:47:00,001 --> 04:47:02,000 INFLUENCE, INSIDIOUS, SECRET 6105 04:47:02,001 --> 04:47:05,000 CORPORATE INFLUENCE IN AGENCIES 6106 04:47:05,001 --> 04:47:10,000 OF THE UNITED STATES GOVERNMENT. 6107 04:47:10,001 --> 04:47:12,000 IT IS AN INSTITUTIONAL PROBLEM, 6108 04:47:12,001 --> 04:47:14,000 RELENTLESS, REMORSELESS, 6109 04:47:14,001 --> 04:47:15,000 CONSTANTLY GRASPING AT INSIN 6110 04:47:15,001 --> 04:47:17,000 WAITING CORPORATE INFLUENCE. 6111 04:47:17,001 --> 04:47:19,000 IT WILL NEVER GO AWAY. 6112 04:47:19,001 --> 04:47:20,000 IT WILL ONLY WORSEN AS 6113 04:47:20,001 --> 04:47:21,000 CORPORATIONS GET BIGGER AND 6114 04:47:21,001 --> 04:47:23,000 RICHER AND MORE GLOBAL. 6115 04:47:23,001 --> 04:47:26,000 AND THE HAS TO BE AN 6116 04:47:26,001 --> 04:47:28,000 INSTITUTIONAL MECHANISM IN PLACE 6117 04:47:28,001 --> 04:47:29,000 TO RESIST IT SO THAT IT NO 6118 04:47:29,001 --> 04:47:31,000 LONGER TAKES A CATASTROPHE TO 6119 04:47:31,001 --> 04:47:35,000 CALL THE FAILURE OF GOVERNANCE 6120 04:47:35,001 --> 04:47:36,000 OF AN AMERICAN REGULATOR TO 6121 04:47:36,001 --> 04:47:38,000 PROPER ATTENTION. 6122 04:47:38,001 --> 04:47:41,000 I THINK THIS IS THE RIGHT WAY. 6123 04:47:41,001 --> 04:47:43,000 IF A COLLEAGUE HAS A BETTER 6124 04:47:43,001 --> 04:47:44,000 IDEA, I'M MORE THAN WILLING TO 6125 04:47:44,001 --> 04:47:49,000 LISTEN. 6126 04:47:49,001 --> 04:47:50,000 BUT ONE THING I KNOW, AFTER OUR 6127 04:47:50,001 --> 04:47:52,000 ECONOMIC CATASTROPHE AND THIS 6128 04:47:52,001 --> 04:47:55,000 ENVIRONMENTAL CATASTROPHE, THIS 6129 04:47:55,001 --> 04:47:59,000 MUCH AT LEAST IS CLEAR: WE CAN 6130 04:47:59,001 --> 04:48:01,000 NO LONGER WAIT FOR CATASTROPHES 6131 04:48:01,001 --> 04:48:06,000 TO ROOT OUT IMPROPER CORPORATE 6132 04:48:06,001 --> 04:48:07,000 INFLUENCE IN OUR GOVERNMENT, IN 6133 04:48:07,001 --> 04:48:12,000 THIS GOVERNMENT OF OUR UNITED STATES. 6134 04:48:12,001 --> 04:48:15,000 WE HAVE TO AT LONG LAST ADDRESS 6135 04:48:15,001 --> 04:48:17,000 THE PROBLEM OF INSIDIOUS 6136 04:48:17,001 --> 04:48:21,000 REGULATORY CAPTURE OF AGENCIES 6137 04:48:21,001 --> 04:48:22,000 OF OUR GOVERNMENT CAPTIVE TO THE 6138 04:48:22,001 --> 04:48:23,000 INDUSTRIES THEY ARE SUPPOSED TO 6139 04:48:23,001 --> 04:48:26,000 REGULATE. 6140 04:48:26,001 --> 04:48:28,000 I THANK THE PRESIDING OFFICER 6141 04:48:28,001 --> 04:48:29,000 I YIELD THE FLOOR. 6142 04:48:29,001 --> 04:48:31,000 I SUGGEST THE ABSENCE OF A 6143 04:48:31,001 --> 04:48:39,000 QUORUM. THE PRESIDING OFFICER: THE CLERK 6144 04:48:39,001 --> 04:50:28,000 WILL CALL THE ROLL. 6145 04:50:28,001 --> 04:50:29,000 QUORUM CALL: 6146 04:50:29,001 --> 04:50:31,000 THE PRESIDING OFFICER: THE 6147 04:50:31,001 --> 04:50:33,000 MAJORITY LEADER IS RECOGNIZED. 6148 04:50:33,001 --> 04:50:34,000 MR. REID: ARE WE IN A QUORUM 6149 04:50:34,001 --> 04:50:35,000 CALL? CALL. 6150 04:50:35,001 --> 04:50:36,000 MR. REID: I ASK UNANIMOUS 6151 04:50:36,001 --> 04:50:37,000 CONSENT THAT IT BE TERMINATED. 6152 04:50:37,001 --> 04:50:39,000 MR. PRESIDENT, I ASK UNANIMOUS 6153 04:50:39,001 --> 04:50:40,000 CONSENT THAT FOLLOWING BE THE 6154 04:50:40,001 --> 04:50:42,000 NEXT FOUR AMENDMENTS IN ORDER TO 6155 04:50:42,001 --> 04:50:43,000 THE BAUCUS MOTION TO CONCUR WITH 6156 04:50:43,001 --> 04:50:44,000 EACH THE AMENDMENTS IN THIS 6157 04:50:44,001 --> 04:50:47,000 AGREEMENT SUBJECT TO AN 6158 04:50:47,001 --> 04:50:50,000 AFFIRMATIVE 60-VOTE CLOASH HOLD, 6159 04:50:50,001 --> 04:50:51,000 THAT IF THE AMENDMENTS ACHIEVE 6160 04:50:51,001 --> 04:50:53,000 THAT SLESH HOLD AND THEY BE 6161 04:50:53,001 --> 04:50:54,000 AGREED TO, THE MOTION TO RECONSIDER BE CONSIDERED MADE 6162 04:50:54,001 --> 04:50:57,000 AND LAID ON THE TABLE, THAT IF 6163 04:50:57,001 --> 04:50:58,000 THEY DO NOT ACHIEVE TO THRESHOLD 6164 04:50:58,001 --> 04:51:00,000 THEN THEY BE WITHDRAWN F. THERE 6165 04:51:00,001 --> 04:51:02,000 IS A SEQUENCE OF VOTES FOR THI 6166 04:51:02,001 --> 04:51:04,000 AMENDMENT, THEN PRIOR TO EACH 6167 04:51:04,001 --> 04:51:05,000 VOTE THERE BE TWO MINUTES OF DEBATE EQUALLY DIVIDED AND 6168 04:51:05,001 --> 04:51:08,000 CONTROLLED IN THE USUAL FORM, 6169 04:51:08,001 --> 04:51:09,000 AND AFTER THE FIRST VOTE, EACH 6170 04:51:09,001 --> 04:51:11,000 SUCCEEDING VOTE BE LIMITED TO 6171 04:51:11,001 --> 04:51:13,000 TEN MINUTES. 6172 04:51:13,001 --> 04:51:14,000 FURTHER, THAT NO FURTHER 6173 04:51:14,001 --> 04:51:15,000 AMENDMENTS BE IN ORDER IN 6174 04:51:15,001 --> 04:51:17,000 ADDITION TO THESE AMENDMENTS. 6175 04:51:17,001 --> 04:51:19,000 THE AMENDMENTS ARE NUMBERED 6176 04:51:19,001 --> 04:51:20,000 431 -- 4371, I'M SORRY, MR. PRESIDENT. 6177 04:51:20,001 --> 04:51:23,000 4371, THAT'S CASEY. 6178 04:51:23,001 --> 04:51:24,000 COBURN, 4331. 6179 04:51:24,001 --> 04:51:25,000 WHITEHOUSE NUMBER 4324, AND THAT 6180 04:51:25,001 --> 04:51:27,000 THE WHITEHOUSE AMENDMENT BE 6181 04:51:27,001 --> 04:51:28,000 MODIFIED WITH THE CHANGES AT THE 6182 04:51:28,001 --> 04:51:29,000 DESK. 6183 04:51:29,001 --> 04:51:31,000 AND THE FINAL AMENDMENT IN THIS 6184 04:51:31,001 --> 04:51:33,000 SEQUENCE IS THE LeMIEUX 6185 04:51:33,001 --> 04:51:34,000 AMENDMENT NUMBER 4300. 6186 04:51:34,001 --> 04:51:37,000 THE PRESIDING OFFICER: WITHOUT 6187 04:51:37,001 --> 04:51:41,000 OBJECTION, IT IS SO ORDERED. 6188 04:51:41,001 --> 04:51:42,000 THE SENATOR FROM OKLAHOMA. 6189 04:51:42,001 --> 04:51:43,000 MR. COBURN: I ASK -- 6190 04:51:43,001 --> 04:51:44,000 THE PRESIDING OFFICER: THE MAJORITY LEADER. 6191 04:51:44,001 --> 04:51:46,000 MR. REID: THANK YOU. 6192 04:51:46,001 --> 04:51:49,000 I ASK UNANIMOUS CONSENT THAT 6193 04:51:49,001 --> 04:51:50,000 NEXT SPEAKERS BE SENATORS COBURN 6194 04:51:50,001 --> 04:51:51,000 COBURN -- DOES THE SENATOR FROM 6195 04:51:51,001 --> 04:51:53,000 OKLAHOMA HAVE ANY IDEA HOW LONG 6196 04:51:53,001 --> 04:51:54,000 HE WISHES TO SPEAK? 6197 04:51:54,001 --> 04:51:55,000 MR. COBURN: A FAIRLY SHORT 6198 04:51:55,001 --> 04:51:56,000 PERIOD OF TIME, LESS THAN 15 6199 04:51:56,001 --> 04:51:57,000 MINUTES. 6200 04:51:57,001 --> 04:51:58,000 MR. REID: JUST SO THE OTHERS 6201 04:51:58,001 --> 04:52:00,000 HAVE SOME IDEA. 6202 04:52:00,001 --> 04:52:01,000 SENATOR CASEY, HOW LONG DO YOU 6203 04:52:01,001 --> 04:52:03,000 WISH TO SPEAK? 6204 04:52:03,001 --> 04:52:06,000 MR. CASEY: ABOUT 10 MINUTES. MR. REID: OKAY. 6205 04:52:06,001 --> 04:52:09,000 AND SENAT 6206 04:52:09,001 --> 04:52:10,000 WE -- WE NEED NOT DO A CONSENT 6207 04:52:10,001 --> 04:52:12,000 AGREEMENT BUT EVERYONE CAN KIND 6208 04:52:12,001 --> 04:52:13,000 OF WATCH THE CLOCK ON THEIR OWN, PLEASE. 6209 04:52:13,001 --> 04:52:14,000 THE PRESIDING OFFICER: SO 6210 04:52:14,001 --> 04:52:15,000 ORDERED. 6211 04:52:15,001 --> 04:52:16,000 THE SENATOR FROM OKLAHOMA IS 6212 04:52:16,001 --> 04:52:17,000 RECOGNIZED. 6213 04:52:17,001 --> 04:52:19,000 MR. COBURN: MR. PRESIDENT, I 6214 04:52:19,001 --> 04:52:21,000 CALL UP AMENDMENT 4331 TO THE 6215 04:52:21,001 --> 04:52:22,000 BAUCUS SUBSTITUTE. 6216 04:52:22,001 --> 04:52:27,000 THE PRESIDING OFFICER: THE CLERK 6217 04:52:27,001 --> 04:52:28,000 WILL 6218 04:52:28,001 --> 04:52:29,000 THE CLERK: THE SENATOR FROM 6219 04:52:29,001 --> 04:52:33,000 OKLAHOMA, MR. COBURN, PROPOSES 6220 04:52:33,001 --> 04:52:34,000 AN AMENDME NUMBERED 4331 -- 6221 04:52:34,001 --> 04:52:35,000 MR. COBURN: I ASK UNANIMOUS 6222 04:52:35,001 --> 04:52:36,000 CONSENT THAT THE REANG OF THE 6223 04:52:36,001 --> 04:52:37,000 AMENDMENT BE DISPENSED 6224 04:52:37,001 --> 04:52:38,000 THE PRESIDING OFFICER: WITHOUT WITHOUT 6225 04:52:38,001 --> 04:52:39,000 OBJECTION, IT IS SO ORDERED. 6226 04:52:39,001 --> 04:52:40,000 MR. COBURN: MR. PRESIDENT, AT 6227 04:52:40,001 --> 04:52:41,000 THIS TIME, I ASK THE AMENDMENT 6228 04:52:41,001 --> 04:52:47,000 BE DIVIDED IN THE FORM WHICH I 6229 04:52:47,001 --> 04:52:48,000 NOW SEND TO THE DESK. THE PRESIDING OFFICER: THE 6230 04:52:48,001 --> 04:53:02,000 SENATOR HAS A RIGHT TO HAVE HIS 6231 04:53:02,001 --> 04:53:03,000 AMENDMENT DIVIDED. 6232 04:53:03,001 --> 04:53:06,000 MR. COBURN: MR. PRESIDENT? THE PRESIDING OF 6233 04:53:06,001 --> 04:53:08,000 SENATOR FROM OKLAHOMA. 6234 04:53:08,001 --> 04:53:09,000 MR. COBURN COBURN: THIS IS AN AMENDMENT 6235 04:53:09,001 --> 04:53:12,000 THAT WILL ACTUALLY PAY FOR 6236 04:53:12,001 --> 04:53:14,000 EVERYTHING THAT WE'RE DOING. 6237 04:53:14,001 --> 04:53:15,000 IT DOES SEVERAL THINGS THAT THE 6238 04:53:15,001 --> 04:53:19,000 AMERICAN PEOPLE ARE DEMANDING 6239 04:53:19,001 --> 04:53:21,000 THAT WE DO. 6240 04:53:21,001 --> 04:53:28,000 IT DISCLOSES THE TRUE COST OF 6241 04:53:28,001 --> 04:53:29,000 BORROWING AND SPENDING THAT WE 6242 04:53:29,001 --> 04:53:31,000 ACTUALLY DO IN THIS BODY. 6243 04:53:31,001 --> 04:53:33,000 IT REDUCES THE BUDGETS OF THE 6244 04:53:33,001 --> 04:53:36,000 MEMBERS OF CONGRESS. 6245 04:53:36,001 --> 04:53:37,000 WE HAD A 4.8% INCREASE IN OUR 6246 04:53:37,001 --> 04:53:38,000 BUDGETS. 6247 04:53:38,001 --> 04:53:42,000 THIS IS GOING TO DECREASE THIS 6248 04:53:42,001 --> 04:53:43,000 BY LESS THAN A THIRD, MAKING US 6249 04:53:43,001 --> 04:53:45,000 SUFFER WITH THE REST OF THE 6250 04:53:45,001 --> 04:53:48,000 COUNTRY IN TERMS OF TRYING TO 6251 04:53:48,001 --> 04:53:50,000 GET CONTROL OF OUR MASSIVE DEBT 6252 04:53:50,001 --> 04:53:52,000 AND DEFICIT SPENDING. 6253 04:53:52,001 --> 04:53:55,000 IT ENACTS WHAT PRESIDENT OBAMA 6254 04:53:55,001 --> 04:53:57,000 HAS BEEN ASKING HIS OWN AGENCIES 6255 04:53:57,001 --> 04:53:59,000 TO DO. 6256 04:53:59,001 --> 04:54:01,000 IT TAKES 5% FROM ALL THE 6257 04:54:01,001 --> 04:54:04,000 AGENCIES EXCEPT THE DEFENSE AND 6258 04:54:04,001 --> 04:54:07,000 VETERANS AFFAIRS AND SAYS CUT 6259 04:54:07,001 --> 04:54:10,000 THAT AMOUNT. 6260 04:54:10,001 --> 04:54:12,000 THE SIZE OF THE AGENCIES HAS 6261 04:54:12,001 --> 04:54:14,000 DOUBLED SINCE999. 6262 04:54:14,001 --> 04:54:17,000 SO WE'RE ASKING THE AGENCIES TO 6263 04:54:17,001 --> 04:54:20,000 FIND 5% OF EFFICIENCY WITHIN 6264 04:54:20,001 --> 04:54:21,000 THEIR AGENCY TO HELP US NOT 6265 04:54:21,001 --> 04:54:25,000 CONTINUE TO ADD TRILLIONS OF 6266 04:54:25,001 --> 04:54:27,000 DOLLARS OF DEBT TO OUR CHILDREN. 6267 04:54:27,001 --> 04:54:28,000 IT ELIMINATES NONESSENTIAL 6268 04:54:28,001 --> 04:54:32,000 GOVERNMENT TRAVEL. 6269 04:54:32,001 --> 04:54:33,000 IT'S GOING TO SAV 6270 04:54:33,001 --> 04:54:34,000 \$4 BILLION. 6271 04:54:34,001 --> 04:54:36,000 DOESN'T ELIMINATE ESSENTIAL. 6272 04:54:36,001 --> 04:54:37,000 IT JUST SAYS WHEN YOU CAN DO A 6273 04:54:37,001 --> 04:54:38,000 TELECONFERENCE, YOU DO A 6274 04:54:38,001 --> 04:54:40,000 TELECONFERENCE. 6275 04:54:40,001 --> 04:54:42,000 YOU DON'T NECESSARILY FLY AND 6276 04:54:42,001 --> 04:54:46,000 TAKE A HOTEL ROOM WHEN YOU CAN 6277 04:54:46,001 --> 04:54:48,000 ACCOMPLISH IT ANOTHER WAY. 6278 04:54:48,001 --> 04:54:49,000 IT REDUCES UNNECESSARY PRINTING 6279 04:54:49,001 --> 04:54:52,000 AND PUBLISHING COSTS OF 6280 04:54:52,001 --> 04:54:55,000 GOVERNMENT DOCUMENTS. 6281 04:54:55,001 --> 04:54:57,000 THAT SAVES US -- NOBODY READS THESE. 6282 04:54:57,001 --> 04:54:59,000 THEY'RE ALL AVAILABLE ON-LINE. 6283 04:54:59,001 --> 04:55:02,000 IF WE'D JUST GET RID OF THE ONES 6284 04:55:02,001 --> 04:55:03,000 THAT DON'T HAVE TO BE PRINTED, 6285 04:55:03,001 --> 04:55:06,000 WE SAVE THOUSANDS UPON HUNDREDS 6286 04:55:06,001 --> 04:55:08,000 OF THOUSANDS OF TREES EVERY 6287 04:55:08,001 --> 04:55:13,000 YEAR, WHICH ABSORB Co2, BY THE 6288 04:55:13,001 --> 04:55:14,000 WAY, BUT IT ALSO SAVES US 6289 04:55:14,001 --> 04:55:16,000 \$4.4 BILLION BY NOT PRINTING 6290 04:55:16,001 --> 04:55:21,000 STUFF THAT WE ALL HAVE ON OUR 6291 04:55:21,001 --> 04:55:23,000 COMPUTERS ALREADY. 6292 04:55:23,001 --> 04:55:25,000 IN WORKING WITH THE O.M.B., THEY 6293 04:55:25,001 --> 04:55:28,000 ARE BEHIND WHAT WE'RE TRYING TO 6294 04:55:28,001 --> 04:55:32,000 DO IN TERMS OFNUSED AND 6295 04:55:32,001 --> 04:55:33,000 UNNEEDED GOVERNMENT PROPERTYND 6296 04:55:33,001 --> 04:55:36,000 GOVERNMENT BUILDINGS. 6297 04:55:36,001 --> 04:55:38,000 SO WHAT IT DOES IS IT GIVES US 6298 04:55:38,001 --> 04:55:39,000 \$15 BILLION IN DIRECT SAVINGS 6299 04:55:39,001 --> 04:55:43,000 AND REVENUE BY GETTING RID OF 6300 04:55:43,001 --> 04:55:44,000 THINGS THAT WE'RE SPENDING 6301 04:55:44,001 --> 04:55:46,000 \$8 BILLION A YEAR ON MAINTAINING 6302 04:55:46,001 --> 04:55:51,000 THAT WE'RE NOT USING. 6303 04:55:51,001 --> 04:55:52,000 SO WE SAVE \$15 BILLION OVER TEN 6304 04:55:52,001 --> 04:55:55,000 YE 6305 04:55:55,001 --> 04:55:59,000 OF NOT HAVING TO MAINTAIN WHAT 6306 04:55:59,001 --> 04:56:02,000 WE OWN THAT WE'RE NOT USING. 6307 04:56:02,001 --> 04:56:08,000 WE SELL UNUSED AND UNNEEDED 6308 04:56:08,001 --> 04:56:09,000 A QUARTER OF A BILLION DOLLARS. 6309 04:56:09,001 --> 04:56:12,000 IT'SETTING THERE IN 6310 04:56:12,001 --> 04:56:14,000 WAREHOUSES, WE'RE NOT EVERY GOING TO USE IT. 6311 04:56:14,001 --> 04:56:16,000 NOBODY USES IT BUT IT'S SETTING THERE. 6312 04:56:16,001 --> 04:56:17,000 A QUARTER OF A BILLION DOLLARS. 6313 04:56:17,001 --> 04:56:19,000 GOOD PRICES FOR PRIVATE SECTOR 6314 04:56:19,001 --> 04:56:20,000 THAT CAN GO OUT AND UTILIZE THIS 6315 04:56:20,001 --> 04:56:21,000 AND PUT IT TO WORK. 6316 04:56:21,001 --> 04:56:23,000 IT CAPS THE TOTAL NUMBER OF 6317 04:56:23,001 --> 04:56:26,000 FEDERAL EMPLOYEES. 6318 04:56:26,001 --> 04:56:28,000 NOW, WHY IS THAT IMPORTANT? 6319 04:56:28,001 --> 04:56:30,000 I'M A SUPPORTER OF OUR FEDERAL EMPLOYEES. 6320 04:56:30,001 --> 04:56:32,000 WE -- WE HAD A SPEECH ON THE 6321 04:56:32,001 --> 04:56:34,000 FLOOR TODAY ACCUSING THOSE OF US 6322 04:56:34,001 --> 04:56:36,000 THAT WANT TO LIMIT THE GROWTH OF 6323 04:56:36,001 --> 04:56:39,000 THE FEDERAL GOVERNMENT IN TERMS 6324 04:56:39,001 --> 04:56:40,000 OF THE EMPLOYEES AND THE SIZE AS 6325 04:56:40,001 --> 04:56:41,000 SAYING THAT WE WERE AGAINST OUR 6326 04:56:41,001 --> 04:56:42,000 FEDERAL EMPLOYEES. 6327 04:56:42,001 --> 04:56:46,000 WE'RE NOT. 6328 04:56:46,001 --> 04:56:49,000 BUT WHAT WE'RE SAYING IS, IS IN 6329 04:56:49,001 --> 04:56:50,000 A TIME WHEN WE'RE RUNNING A 6330 04:56:50,001 --> 04:56:51,000 \$1.6 TRILLION DEFICIT -- 6331 04:56:51,001 --> 04:56:52,000 \$1.6 TRILLION, THAT'S WHAT IT'S 6332 04:56:52,001 --> 04:56:54,000 GOING TO BE THIS YEAR. 6333 04:56:54,001 --> 04:56:56,000 WE'VE SAID \$1.4 TRILLION BUT 6334 04:56:56,001 --> 04:56:57,000 WE'VE ALREADY BORROWED 6335 04:56:57,001 --> 04:56:59,000 \$2 BILLION MORE THAN THAT ON 6336 04:56:59,001 --> 04:57:03,000 THIS FLOOR SINCE FEBRUARY 12. 6337 04:57:03,001 --> 04:57:05,000 -- WE OUGHT TO BE GETTING MORE 6338 04:57:05,001 --> 04:57:06,000 PRODUCTIVITY OUT OF WHAT WE HAVE. 6339 04:57:06,001 --> 04:57:07,000 NOT BECAUSE IT'S NOT THE RIGHT 6340 04:57:07,001 --> 04:57:09,000 THING TO DO. 6341 04:57:09,001 --> 04:57:11,000 IT IS THE RIGHT THING TO DO. 6342 04:57:11,001 --> 04:57:14,000 BECAUSE WE CAN'T AFFORD TO BE 6343 04:57:14,001 --> 04:57:15,000 LAX IN ANYTHING THAT WE'RE DOING TODAY. 6344 04:57:15,001 --> 04:57:16,000 BECAUSE EVERY TIME WE DON'T SAVE 6345 04:57:16,001 --> 04:57:19,000 A DOLLAR, WE ARE NOW CHARGING 6346 04:57:19,001 --> 04:57:20,000 THAT DOLLAR TO OUR CHILDREN AND 6347 04:57:20,001 --> 04:57:22,000 GRANDCHILDREN. 6348 04:57:22,001 --> 04:57:24,000 SO IT PUTS A CAP ON THE TOTAL 6349 04:57:24,001 --> 04:57:25,000 NUMBER OF FEDERAL EMPLOYEES. 6350 04:57:25,001 --> 04:57:27,000 THERE'S PLENTY OF FLEXIBILITY 6351 04:57:27,001 --> 04:57:29,000 WITHIN THE FEDERAL GOVERNMENT. 6352 04:57:29,001 --> 04:57:32,000 THE FEDERA GOVERNMENT HAS ADDED 6353 04:57:32,001 --> 04:57:36,000 \$180,000 EMPLOYEES IN THE LAST 6354 04:57:36,001 --> 04:57:40,000 16 MONTHS IN THIS COUNTRY. 6355 04:57:40,001 --> 04:57:41,000 THERE'S \$441,000 SINCE THEN THAT. 6356 04:57:41,001 --> 04:57:44,000 DOESN'T COUNT THEM. 6357 04:57:44,001 --> 04:57:46,000 THIS IS 160,000 FULL-TIME 6358 04:57:46,001 --> 04:57:48,000 FEDERAL EMPLOYEES IN THE LAST 16 6359 04:57:48,001 --> 04:57:49,000 MONTHS. 6360 04:57:49,001 --> 04:57:52,000 HOW MANY MORE EMPLOYEES DO WE 6361 04:57:52,001 --> 04:57:53,000 THEY'D? 6362 04:57:53,001 --> 04:57:54,000 THEY'D -- DO WE NEED? 6363 04:57:54,001 --> 04:57:55,000 CAN WE AFFORD MORE FEDERAL 6364 04:57:55,001 --> 04:57:59,000 EMPLOYEES AT THIS TIME OR SHOULD 6365 04:57:59,001 --> 04:58:04,000 WE GET MORE WITH WHAT WE HAVE? 6366 04:58:04,001 --> 04:58:07,000 WE ALSO PUT A TEMPORARY ONE-YEAR 6367 04:58:07,001 --> 04:58:08,000 FREEZE ON TOTAL SALARY. 6368 04:58:08,001 --> 04:58:09,000 THAT DOESN'T MEAN PEOPLE CAN'T 6369 04:58:09,001 --> 04:58:10,000 GET A RAISE THAT WORK FOR THE 6370 04:58:10,001 --> 04:58:11,000 FEDERAL GOVERNMENT. 6371 04:58:11,001 --> 04:58:12,000 THEY CAN. 6372 04:58:12,001 --> 04:58:14,000 BUT THEY NEED TO BE MORE 6373 04:58:14,001 --> 04:58:17,000 PRODUCTIVE, THEY NEED TO BE 6374 04:58:17,001 --> 04:58:18,000 RECOGNIZED FOR IT, BUT NO MORE 6375 04:58:18,001 --> 04:58:20,000 AUTOMATIC PAY INCREASES THIS 6376 04:58:20,001 --> 04:58:22,000 NEXT YEAR BECAUSE WE'RE RUNNING 6377 04:58:22,001 --> 04:58:23,000 A \$1.6 TRILLION DEFICIT. 6378 04:58:23,001 --> 04:58:24,000 AND ALSO BECAUSE OF THE FACT 6379 04:58:24,001 --> 04:58:27,000 THAT THE AVERAGE FEDERAL 6380 04:58:27,001 --> 04:58:31,000 EMPLOYEE MAKES \$78,000 A YEAR 6381 04:58:31,001 --> 04:58:32,000 AND HAS BENEFITS WORTH \$40,000. 6382 04:58:32,001 --> 04:58:34,000 THE AVERAGE PRIVATE SECTOR 6383 04:58:34,001 --> 04:58:37,000 EMPLOYEE MAKES \$42,000 A YEAR 6384 04:58:37,001 --> 04:58:39,000 AND HAS BENEFITS WORTH \$20,000. 6385 04:58:39,001 --> 04:58:42,000 SO FREEZING THAT FOR ONE YEAR 6386 04:58:42,001 --> 04:58:43,000 WILL HAVE MINIMAL LONG-TERM 6387 04:58:43,001 --> 04:58:44,000 EFFECT, ESPECIALLY WHEN WE SAW 6388 04:58:44,001 --> 04:58:46,000 TODAY THAT THE -- WE'RE ACTUALLY 6389 04:58:46,001 --> 04:58:49,000 IN A DEFLATIONARY PERD WHERE 6390 04:58:49,001 --> 04:58:51,000 THE -- THE CONSUMER PRICE INDEX 6391 04:58:51,001 --> 04:58:54,000 WENT DOWN .1%. 6392 04:58:54,001 --> 04:58:55,000 SO WE'VE HAD A .9% DECREASE THIS 6393 04:58:55,001 --> 04:58:56,000 YEAR. 6394 04:58:56,001 --> 04:58:58,000 SO THE COST OF LIVING'S NOT 6395 04:58:58,001 --> 04:58:59,000 GOING UP, IT'S GOING DOWN. 6396 04:58:59,001 --> 04:59:01,000 AND ALL WE'RE SAYING IS LET'S DO 6397 04:59:01,001 --> 04:59:02,000 THIS FOR ONE YEAR. 6398 04:59:02,001 --> 04:59:03,000 LET'S DEMONSTRATE TO THE 6399 04:59:03,001 --> 04:59:05,000 AMERICAN PUBLIC WE UNDERSTAND 6400 04:59:05,001 --> 04:59:06,000 THE TOUGH CHOICES THEY'RE MAKING 6401 04:59:06,001 --> 04:59:07,000 AND WE'RE WILLING TO MAKE 6402 04:59:07,001 --> 04:59:08,000 TOUGH -- 6403 04:59:08,001 --> 04:59:09,000 I AGREE IT'S A TOUGH CHOICE. 6404 04:59:09,001 --> 04:59:11,000 IT'S HARD. 6405 04:59:11,001 --> 04:59:12,000 BUT IT DOESN'T MEAN THAT STELLAR 6406 04:59:12,001 --> 04:59:16,000 EMPLOYEES CAN'T GET RAISES. 6407 04:59:16,001 --> 04:59:20,000 THEY CAN. 6408 04:59:20,001 --> 04:59:23,000 THAT SAVES \$2.6 BILLION THIS 6409 04:59:23,001 --> 04:59:26,000 YEAR FOR ONE YEAR. 6410 04:59:26,001 --> 04:59:28,000 IF COLLECTS UNPAID TAXES -- IT 6411 04:59:28,001 --> 04:59:29,000 COLLECTS UNPAID TAXES FROM 6412 04:59:29,001 --> 04:59:30,000 EMPLOYEES OF THE FEDERAL GOVERNMENT. 6413 04:59:30,001 --> 04:59:32,000 WE'VE EMPLOYEES OF THE FEDERAL 6414 04:59:32,001 --> 04:59:34,000 GOVERNMENT THAT OWE \$3 BILLION. 6415 04:59:34,001 --> 04:59:36,000 IT DIRECTS A GARNISHING OF THOSE 6416 04:59:36,001 --> 04:59:38,000 PAYMENTS FROM THE FEDERAL EMPLOYEES. 6417 04:59:38,001 --> 04:59:39,000 THESE AREN'T DISPUTED. 6418 04:59:39,001 --> 04:59:40,000 THESE AREN'T STILL YOU 6419 04:59:40,001 --> 04:59:41,000 UNDERSTAND NEGOTIATION. 6420 04:59:41,001 --> 04:59:43,000 THESE ARE THINGS THAT HAVE 6421 04:59:43,001 --> 04:59:45,000 ALREADY BEEN AGREED TO THAT ARE 6422 04:59:45,001 --> 04:59:46,000 OWED BY FEDERAL EMPLOYEES TO THE 6423 04:59:46,001 --> 04:59:48,000 FEDERAL GOVERNMENT. 6424 04:59:48,001 --> 04:59:51,000 THAT GETS US \$3 BILLION THAT WE 6425 04:59:51,001 --> 04:59:54,000 DON'T HAVE. 6426 04:59:54,001 --> 05:00:02,000 WE ALSO HA A SECTION IN THERE 6427 05:00:02,001 --> 05:00:03,000 EXCESSIVE DUPLICATION SHOULD BE 6428 05:00:03,001 --> 05:00:05,000 ELIMINATED. 6429 05:00:05,001 --> 05:00:07,000 JUST TWO EASY EXAMPLES. 6430 05:00:07,001 --> 05:00:09,000 ACROSS 60 DIFFERENT AGENCIES, 6431 05:00:09,001 --> 05:00:11,000 WE'VE 70 DIFFERENT PROGRAMS TO 6432 05:00:11,001 --> 05:00:14,000 FEED PEOPLE WHO ARE HUNGRY. 6433 05:00:14,001 --> 05:00:18,000 WHY DO WE'VE 70? 6434 05:00:18,001 --> 05:00:20,000 WHY DON'T WE'VE SEVEN OR ONE? 6435 05:00:20,001 --> 05:00:22,000 NOT ONE OF THOSE 70 PROGRAMS HAS 6436 05:00:22,001 --> 05:00:27,000 A METRIC ON IT TO SE IF IT'S 6437 05:00:27,001 --> 05:00:29,000 EFFECTIVE IN WHAT DOES. 6438 05:00:29,001 --> 05:00:33,000 WE'VE 105 PROGRAMS ACROSS SEVEN 6439 05:00:33,001 --> 05:00:34,000 DIFFERENT AGENCIES THAT 6440 05:00:34,001 --> 05:00:35,000 INCENTIVIZE AT THE COST OF 6441 05:00:35,001 --> 05:00:38,000 BILLIONS OF DOLLARS A YEAR 6442 05:00:38,001 --> 05:00:40,000 PEOPLE TO GO INTO MATH, SCIENCE, 6443 05:00:40,001 --> 05:00:42,000 ENGINEERING AND TECHNOLOGY. 6444 05:00:42,001 --> 05:00:44,000 WHY DO WE'VE 105 PROGRAMS? 6445 05:00:44,001 --> 05:00:46,000 WHY NOT ONE, RUN BY ONE SET OF 6446 05:00:46,001 --> 05:00:50,000 OVERHEAD AND ONE AGENCY AND 6447 05:00:50,001 --> 05:00:52,000 MEASURE THE RESULTS? 6448 05:00:52,001 --> 05:00:54,000 THERE'S 640 OTHER EXAMPLES OF 6449 05:00:54,001 --> 05:00:56,000 DUPLICATION JUST LIKE THAT IN 6450 05:00:56,001 --> 05:00:57,000 THE FEDERAL GOVERNMENT. 6451 05:00:57,001 --> 05:00:59,000 AND SO WHAT THIS AMENDMENT SAYS 6452 05:00:59,001 --> 05:01:01,000 IS WE OUGHT TO BE ABOUT 6453 05:01:01,001 --> 05:01:04,000 ELIMINATING THAT DUPLICATION. 6454 05:01:04,001 --> 05:01:05,000 WE OUGHT TO BE ABLE TO INCREASE 6455 05:01:05,001 --> 05:01:07,000 PRODUCTIVITY AND ALSO INCREASE 6456 05:01:07,001 --> 05:01:08,000 THE RESULTS OF THE VERY PROGRAMS 6457 05:01:08,001 --> 05:01:11,000 AND THE PEOPLE WE'RE TRYING TO 6458 05:01:11,001 --> 05:01:14,000 HELP. 6459 05:01:14,001 --> 05:01:16,000 THE OTHER THING WE DO IS WE 6460 05:01:16,001 --> 05:01:17,000 ELIMINATE BONUSES FOR 6461 05:01:17,001 --> 05:01:19,000 CONTRACTORS TO THE FEDERAL 6462 05:01:19,001 --> 05:01:23,000 GOVERNMENT WHO AREN'T MEETING 6463 05:01:23,001 --> 05:01:25,000 PERFORMANCE REQUIREMENTS. 6464 05:01:25,001 --> 05:01:27,000 THAT'S \$800 MILLION A YEAR THAT 6465 05:01:27,001 --> 05:01:28,000 YOUR GOVERNMENT IS PAYING OUT TO 6466 05:01:28,001 --> 05:01:30,000 PEOPLE WHO DO WORK FOR THE 6467 05:01:30,001 --> 05:01:31,000 FEDERAL GOVERNMENT WHO DON'T 6468 05:01:31,001 --> 05:01:33,000 MEET THE MINIMUM REQUIREMENTS 6469 05:01:33,001 --> 05:01:36,000 FOR THEIR CONTRACT, AND YET 6470 05:01:36,001 --> 05:01:39,000 WE'RE PAYING THEM \$800 MILLION 6471 05:01:39,001 --> 05:01:40,000 AS BONUSES, LIKE THEY WERE 6472 05:01:40,001 --> 05:01:42,000 MEETING THE REQUIREMENTS OF 6473 05:01:42,001 --> 05:01:46,000 THEIR CONTRACT. 6474 05:01:46,001 --> 05:01:47,000 SO THAT SAVES \$8 BILLION OVER 6475 05:01:47,001 --> 05:01:49,000 TEN YEARS. 6476 05:01:49,001 --> 05:01:50,000 NONE OF US WOULD DO THAT TO 6477 05:01:50,001 --> 05:01:51,000 ANYBODY THAT WORKED FOR US. 6478 05:01:51,001 --> 05:01:53,000 WHY DO WE ALLOW THE FEDERAL 6479 05:01:53,001 --> 05:01:57,000 GOVERNMENT TO DO THAT? 6480 05:01:57,001 --> 05:02:00,000 WE LIMIT THE -- THIS GOVERNMENT 6481 05:02:00,001 --> 05:02:05,000 GIVES THE UNITED NATIONS 25% OF 6482 05:02:05,001 --> 05:02:08,000 ITS ENTIRE BUDGET, BUT WE ALSO 6483 05:02:08,001 --> 05:02:10,000 GIVE VOLUNTARY PAYMENTS TO THE 6484 05:02:10,001 --> 05:02:12,000 UNITED NATIONS. 6485 05:02:12,001 --> 05:02:14,000 I'M JUST W GETTING -- I JUST 6486 05:02:14,001 --> 05:02:16,000 TALKED TO PETER ORSZAG FROM 6487 05:02:16,001 --> 05:02:17,000 O.M.B. AND I'M GETTING THAT 6488 05:02:17,001 --> 05:02:18,000 REPORT AS WE SPEAK. 6489 05:02:18,001 --> 05:02:30,000 IT WAS DUE JANUARY 1. 6490 05:02:30,001 --> 05:02:35,000 IT IS NOW JUNE -- MID-TO-LATE 6491 05:02:35,001 --> 05:02:39,000 JUNE. 6492 05:02:39,001 --> 05:02:41,000 THERE'S GOOD REASONS TO DO THAT. 6493 05:02:41,001 --> 05:02:42,000 THERE WAS A -- WITH THE LAST 6494 05:02:42,001 --> 05:02:44,000 FOREIGN APPROPRIATIONS, THERE 6495 05:02:44,001 --> 05:02:46,000 WAS A REQUIREMENT THAT THE U.N. 6496 05:02:46,001 --> 05:02:49,000 SHOW US WHERE OUR MONEY IS GOING. 6497 05:02:49,001 --> 05:02:50,000 NOW, THAT GOT THROWN OUT IN 6498 05:02:50,001 --> 05:02:53,000 CONFERENCE BUT WE DON'T EVEN 6499 05:02:53,001 --> 05:02:55,000 KNOW WHERE THE \$6 BILLION A YEAR 6500 05:02:55,001 --> 05:02:56,000 THAT WE GIVE TO THE U.N. IS 6501 05:02:56,001 --> 05:02:58,000 SPENT BECAUSE THEY WON'T SHOW US 6502 05:02:58,001 --> 05:02:59,000 WHERE IT'S SPENT. 6503 05:02:59,001 --> 05:03:00,000 WE WOULD NEVER TOLERATE THAT 6504 05:03:00,001 --> 05:03:01,000 FROM ANY AGENCY THAT WE FUND, 6505 05:03:01,001 --> 05:03:03,000 AND YET WE DON'T. 6506 05:03:03,001 --> 05:03:05,000 SO WE'RE JUST SAYING, DON'T GIVE 6507 05:03:05,001 --> 05:03:06,000 MORE THAN \$1 BILLION MORE THAN 6508 05:03:06,001 --> 05:03:08,000 THAT TO THE U.N. 6509 05:03:08,001 --> 05:03:12,000 SO WE LIMIT THAT. 6510 05:03:12,001 --> 05:03:13,000 THAT'S A \$10 BILLION-A-YEAR SAVINGS. 6511 05:03:13,001 --> 05:03:14,000 AND HERE'S WHAT WE DO KNOW ABOUT 6512 05:03:14,001 --> 05:03:17,000 THE U.N. 6513 05:03:17,001 --> 05:03:20,000 IN THE PEACEKEEPING MONEY THAT 6514 05:03:20,001 --> 05:03:23,000 WE GIVE, 45% OF IT IS LOST TO 6515 05:03:23,001 --> 05:03:25,000 FRAUD. 6516 05:03:25,001 --> 05:03:27,000 THINK ABOUT THAT. 6517 05:03:27,001 --> 05:03:29,000 45% OF THE \$3 BILLION THAT WE 6518 05:03:29,001 --> 05:03:33,000 GIVE TO PEACEKEEPING OPERATIONS 6519 05:03:33,001 --> 05:03:35,000 IS LOST TO FRAUD, DOCUMENTED. 6520 05:03:35,001 --> 05:03:36,000 WE FOUND THAT ONE OUT BY 6521 05:03:36,001 --> 05:03:37,000 ACCIDENT. 6522 05:03:37,001 --> 05:03:39,000 THEY DIDN'T WANT US TO FIND THAT 6523 05:03:39,001 --> 05:03:41,000 OUT. 6524 05:03:41,001 --> 05:03:42,000 SO WE OUGHT TO BE GOOD STEWARDS 6525 05:03:42,001 --> 05:03:44,000 WITH THE AMERICAN PEOPLE'S MONEY 6526 05:03:44,001 --> 05:03:49,000 WHEN IT COMES TO CONTRIBUTING 6527 05:03:49,001 --> 05:03:55,000 THEIR MONEY TO THE U.N. 6528 05:03:55,001 --> 05:03:56,000 RETURNING EXC FUNDS AND UN 6529 05:03:56,001 --> 05:03:58,000 UNREQUESTED DUPLICATIVE RESERVE 6530 05:03:58,001 --> 05:03:59,000 FUND THAT WILL NEVER BE SPENT. 6531 05:03:59,001 --> 05:04:02,000 THAT'S \$362 MILLION. 6532 05:04:02,001 --> 05:04:05,000 THAT'S A 6533 05:04:05,001 --> 05:04:07,000 IT'LL EV NEVER BE SPENT. 6534 05:04:07,001 --> 05:04:12,000 IT'S SITTING THERE. 6535 05:04:12,001 --> 05:04:13,000 -- IT'LL NEVER BE SPENT. 6536 05:04:13,001 --> 05:04:14,000 IT'S SITTING THERE. 6537 05:04:14,001 --> 05:04:18,000 WE OUGHT TO TAKE IT BACK. 6538 05:04:18,001 --> 05:04:21,000 THERE'S \$1.7 TRILLION SITTING IN 6539 05:04:21,001 --> 05:04:22,000 ACCOUNTING RIGHT NOW, \$1.7 6540 05:04:22,001 --> 05:04:26,000 TRILLION. 6541 05:04:26,001 --> 05:04:29,000 OF THAT, \$690 BILLION HAS NOT 6542 05:04:29,001 --> 05:04:30,000 BEEN OBLIGATED FOR THE FUTURE 6543 05:04:30,001 --> 05:04:32,000 EXPENDITURE. 6544 05:04:32,001 --> 05:04:36,000 WE'RE SAYING, MOVE \$50 BILLION 6545 05:04:36,001 --> 05:04:38,000 OF THAT BACK INTO THIS YEAR AND 6546 05:04:38,001 --> 05:04:40,000 USE IT TO PAY FOR THINGS THAT 6547 05:04:40,001 --> 05:04:42,000 ARE IMPORTANT, LIKE UNEMPLOYMENT 6548 05:04:42,001 --> 05:04:44,000 INSURANCE, RATHER THAN 6549 05:04:44,001 --> 05:04:46,000 FROM OUR CHILDREN. 6550 05:04:46,001 --> 05:04:48,000 WHY IS THAT IMPORTANT? 6551 05:04:48,001 --> 05:04:57,000 IF YOU HAD THREE BANK ACCOUNTS 6552 05:04:57,001 --> 05:05:01,000 ONE HAD \$100 IN IT YOU 6553 05:05:01,001 --> 05:05:02,000 WOULD GO TO THE ACCOUNT AND 6554 05:05:02,001 --> 05:05:04,000 WRITE A CHECK. 6555 05:05:04,001 --> 05:05:06,000 THIS MONEY IS RULING TO THE TUNE 6556 05:05:06,001 --> 05:05:07,000 OBLIGATED. 6557 05:05:07,001 --> 05:05:09,000 COMMON SENSE WOULD SAY WE WOULD 6558 05:05:09,001 --> 05:05:11,000 BE MORE EFFICIENT WITH OUR MONEY 6559 05:05:11,001 --> 05:05:12,000 RATHER THAN PAYING INTEREST ON 6560 05:05:12,001 --> 05:05:14,000 THAT MONEY, WE WOULD USE IT IN A 6561 05:05:14,001 --> 05:05:16,000 MORE TIMELY FASHION. 6562 05:05:16,001 --> 05:05:18,000 EVERYBODY DOES THAT EXCEPT THE 6563 05:05:18,001 --> 05:05:23,000 FEDERAL GOVERNMENT. 6564 05:05:23,001 --> 05:05:24,000 WE OUGHT TO BE DOING IT AS WELL. 6565 05:05:24,001 --> 05:05:25,000 REDUCING WASTEFUL COSTS AT THE 6566 05:05:25,001 --> 05:05:26,000 DEPARTMENT OF ENERGY. 6567 05:05:26,001 --> 05:05:28,000 THE DEPARTMENT OF ENERGY IS SUPPOSED TO BE SETTING THE 6568 05:05:28,001 --> 05:05:30,000 EXAMPLE FOR THIS COUNTRY. 6569 05:05:30,001 --> 05:05:34,000 ON ENERGY EFFICIENCY. 6570 05:05:34,001 --> 05:05:36,000 THEY ARE THE WORST AGENCY AS FAR 6571 05:05:36,001 --> 05:05:37,000 AS ENERGY COSTS AND EFFICIENCY 6572 05:05:37,001 --> 05:05:39,000 IN ENERGY. 6573 05:05:39,001 --> 05:05:40,000 ALL WE'RE DOING IS, YOU FOLLOW 6574 05:05:40,001 --> 05:05:41,000 THE RULES YOU'VE SET FOR 6575 05:05:41,001 --> 05:05:46,000 EVERYBODY ELSE. 6576 05:05:46,001 --> 05:05:47,000 IT SAVES \$13.8 MILLION PER YEAR. 6577 05:05:47,001 --> 05:05:49,000 JUST ONE AGENCY. 6578 05:05:49,001 --> 05:05:51,000 FOLLOW THE RIEWSTLES A TOLD 6579 05:05:51,001 --> 05:05:53,000 EVERY OTHER AGENCY TO FOLLOW. 6580 05:05:53,001 --> 05:05:54,000 -- FOLLOW THE RULES YOU'VE TOLD 6581 05:05:54,001 --> 05:05:56,000 EVERY OTHER AGENCY TO FOLLOW. 6582 05:05:56,001 --> 05:05:57,000 FINALLY, WE STRIKE THE NEW TAXES 6583 05:05:57,001 --> 05:05:59,000 THAT IN THIS BILL BECAUSE WE 6584 05:05:59,001 --> 05:06:00,000 DON'T NEED TO PAY FOR THEM, 6585 05:06:00,001 --> 05:06:02,000 BECAUSE WE CAN CUT SPENDING SOMEWHERE ELSE. 6586 05:06:02,001 --> 05:06:04,000 THE LAST THING WE NEED TO BE 6587 05:06:04,001 --> 05:06:06,000 DOING, AS WE HAVE THE THREAT OF 6588 05:06:06,001 --> 05:06:08,000 A DOUBLE-DIP RECESSION, IS 6589 05:06:08,001 --> 05:06:11,000 TAKING MORE PRIVATE CAPITAL OUT 6590 05:06:11,001 --> 05:06:13,000 OF THE ECONOMY AND PUTTING IT 6591 05:06:13,001 --> 05:06:17,000 INTO GOVERNMENT. 6592 05:06:17,001 --> 05:06:18,000 BECAUSE GOVERNMENT SPENDING, ITS 6593 05:06:18,001 --> 05:06:20,000 MULTIPLIER EFFECT IS VERY LOW. 6594 05:06:20,001 --> 05:06:22,000 THE PRIVATE SPENDING MULTIPLIER 6595 05:06:22,001 --> 05:06:26,000 EFFECT IS 6596 05:06:26,001 --> 05:06:29,000 FOR EVERY \$1 THAT'S SPENT, YOU 6597 05:06:29,001 --> 05:06:30,000 GENERATE ABOUT \$1.5 IN ECONOMIC 6598 05:06:30,001 --> 05:06:32,000 ACTIVITY. 6599 05:06:32,001 --> 05:06:34,000 FOR EVERY GOVERNMENT DOLLAR, YOU 6600 05:06:34,001 --> 05:06:36,000 GENERATE \$1.1 IN ECONOMIC ACTIVITY. 6601 05:06:36,001 --> 05:06:38,000 SO THE LAST THING WE OUGHT TO BE 6602 05:06:38,001 --> 05:06:41,000 DOING IS RAISING TAXES -- I 6603 05:06:41,001 --> 05:06:43,000 DON'T CARE WHERENESS THIS ECONOMY. 6604 05:06:43,001 --> 05:06:46,000 IT IS SO PRECARIOUS. 6605 05:06:46,001 --> 05:06:47,000 WE NEED PRIVATE CAPITAL BEING 6606 05:06:47,001 --> 05:06:50,000 INVESTED TO CREATE JOBS AND 6607 05:06:50,001 --> 05:06:51,000 OPPORTUNITIES FOR JOBS IN THIS COUNTRY. 6608 05:06:51,001 --> 05:06:52,000 I'VE LISTED THE VAST MAJORITY OF 6609 05:06:52,001 --> 05:06:56,000 THINGS THAT ARE IN THE BILL. 6610 05:06:56,001 --> 05:06:57,000 I WILL BE BACK TO 6611 05:06:57,001 --> 05:06:58,000 ONE INDIVIDUALLY. 6612 05:06:58,001 --> 05:07:00,000 I THANK THE CHAIR AND YIELD THE 6613 05:07:00,001 --> 05:07:01,000 FLOOR. 6614 05:07:01,001 --> 05:07:04,000 MR. CASEY: MR. PRESIDENT? 6615 05:07:04,001 --> 05:07:05,000 THE PRESIDING OFFICER: THE SNO 6616 05:07:05,001 --> 05:07:06,000 SENATOR FROM PENNSYLVANIA IS RECOGNIZED. 6617 05:07:06,001 --> 05:07:09,000 MR. CASEY: I ASK UNANIMOUS 6618 05:07:09,001 --> 05:07:11,000 CONSENT TO CALL UP AMENDMENT 6619 05:07:11,001 --> 05:07:13,000 431, AN AMENENT TO 4369 6620 05:07:13,001 --> 05:07:14,000 PR THE PRESIDING OFFICER: THE 6621 05:07:14,001 --> 05:07:16,000 CLERK WILL REPORT, WITHOUT 6622 05:07:16,001 --> 05:07:18,000 OBJECTION. 6623 05:07:18,001 --> 05:07:20,000 THE CLERK: MR. CASEY FOR 6624 05:07:20,001 --> 05:07:22,000 HIMSELF AND MR. BROWN PROPOSES 6625 05:07:22,001 --> 05:07:23,000 AMENDMENT NUMBERED 4371 6626 05:07:23,001 --> 05:07:24,000 AMENDMENT -- 6627 05:07:24,001 --> 05:07:26,000 MR. CASEY: I WOULD ASK THAT 6628 05:07:26,001 --> 05:07:27,000 THE READING BE DISPENSED WITH. 6629 05:07:27,001 --> 05:07:30,000 THE PRESIDING OFFICER: WITHOUT 6630 05:07:30,001 --> 05:07:33,000 OBJECTION, SO ORDERED. 6631 05:07:33,001 --> 05:07:35,000 MR. CASEY: SENATOR BROWN OF 6632 05:07:35,001 --> 05:07:36,000 OHIO AND I OFFERED THIS 6633 05:07:36,001 --> 05:07:38,000 AMENDMENT WHICH WILL EXTEND THE 6634 05:07:38,001 --> 05:07:40,000 ELIGIBILITY PERIOD FOR THE COBRA 6635 05:07:40,001 --> 05:07:41,000 PREMIUM ASSISTANCE PROGRAM UNTIL 6636 05:07:41,001 --> 05:07:43,000 NOVEMBER 30. 6637 05:07:43,001 --> 05:07:46,000 WE APPRECIATE THE SUPPORT OF 6638 05:07:46,001 --> 05:07:49,000 MANY SENATORS, SENATORS FRANKEN, 6639 05:07:49,001 --> 05:07:54,000 STABENOW, REED OF RHODE ISLAND, 6640 05:07:54,001 --> 05:07:56,000 AKA, LAUTENBERG, KERRY, WYDEN, 6641 05:07:56,001 --> 05:07:59,000 HARKIN, LEVIN, BURRIS, 6642 05:07:59,001 --> 05:08:02,000 GILLIBRAND, SPECTER, MERKLEY, 6643 05:08:02,001 --> 05:08:05,000 SCHUMER, MIKULSKI, DODD, DURBIN, 6644 05:08:05,001 --> 05:08:06,000 MURRAY, SHAHEEN, ROCKEFELLER AND 6645 05:08:06,001 --> 05:08:07,000 BOXER. 6646 05:08:07,001 --> 05:08:09,000 ALL WERE COSPONSORS TO THE 6647 05:08:09,001 --> 05:08:12,000 ORIGINAL AMENDMENT WE OFFERED 6648 05:08:12,001 --> 05:08:15,000 THE OTHER DAY, FIRST INTRODUCED 6649 05:08:15,001 --> 05:08:18,000 BY SENATOR BROWN AND ME FOR THE 6650 05:08:18,001 --> 05:08:20,000 -- AN AMENDMENT TO SENATOR BAUCUS'S ORIGINAL AMENDMENT. 6651 05:08:20,001 --> 05:08:21,000 I WANT TO THANK SENATOR BAUCUS, 6652 05:08:21,001 --> 05:08:23,000 THE CHAIR OF OUR FINANCE 6653 05:08:23,001 --> 05:08:25,000 COMMITTEE, FOR HIS VERY HARD 6654 05:08:25,001 --> 05:08:26,000 WORK ON THIS BILL. 6655 05:08:26,001 --> 05:08:27,000 WE'RE NEARING THE END AND 6656 05:08:27,001 --> 05:08:29,000 WORKING VERY HARD TO COMPLETE 6657 05:08:29,001 --> 05:08:30,000 THIS BILL. 6658 05:08:30,001 --> 05:08:33,000 AS WE DO THAT WE ALSO KNOW WE'RE 6659 05:08:33,001 --> 05:08:35,000 MINDFUL THAT WE'RE RECOVERING 6660 05:08:35,001 --> 05:08:40,000 FROM THIS ECONOMIC RECESSION. 6661 05:08:40,001 --> 05:08:43,000 WE MUST CONTINUE, JUST A MINUTE, 6662 05:08:43,001 --> 05:08:46,000 TO SUPPORT -- WE MUST CONTINUE, 6663 05:08:46,001 --> 05:08:47,000 IN MY JUDGMENT TO SUPPORT FAMILIES. 6664 05:08:47,001 --> 05:08:49,000 THE NATIONAL UNEMPLOYMENT RATE 6665 05:08:49,001 --> 05:08:51,000 STAND AT 9.7%. 6666 05:08:51,001 --> 05:08:54,000 THAT TRANSLATES IN PENNSYLVANIA 6667 05:08:54,001 --> 05:08:55,000 INTO MORE THAN 584,000 PEOPLE 6668 05:08:55,001 --> 05:08:56,000 OUT OF WORK. 6669 05:08:56,001 --> 05:08:57,000 WE JUST GOT A REPORT TODAY 6670 05:08:57,001 --> 05:09:01,000 ACROSS THE COUNTRY JOBLESS 6671 05:09:01,001 --> 05:09:02,000 CLAIMS ARE GOING UP, 6672 05:09:02,001 --> 05:09:04,000 UNFORTUNATELY, AFTER HAVING GONE 6673 05:09:04,001 --> 05:09:05,000 DOWN FOR A NUMBER OF MONTHS. 6674 05:09:05,001 --> 05:09:08,000 WE'RE RECOVERING. 6675 05:09:08,001 --> 05:09:09,000 JO ARE BEING ADDED EVERY DAY, 6676 05:09:09,001 --> 05:09:11,000 BUT CERTAIN INDUSTRIES ARE STILL 6677 05:09:11,001 --> 05:09:13,000 EXPERIENCING LAYOFFS, AND THAT'S 6678 05:09:13,001 --> 05:09:14,000 WHY WE MUST CONTINUE THIS 6679 05:09:14,001 --> 05:09:16,000 PROGRAM TO ENSURE THAT AMERICANS 6680 05:09:16,001 --> 05:09:18,000 HAVE ACCESS TO QUALITY HEALTH 6681 05:09:18,001 --> 05:09:21,000 CARE. ESPECIALLY THOSE WHO HAVE LOST 6682 05:09:21,001 --> 05:09:23,000 THEIR JOBS. 6683 05:09:23,001 --> 05:09:25,000 WITHOUT THE EXTENSION, WITHOUT 6684 05:09:25,001 --> 05:09:26,000 THE EXTENSION OF THE COBRA 6685 05:09:26,001 --> 05:09:28,000 PREMIUM ASSISTANCE PROGRAM, A 6686 05:09:28,001 --> 05:09:30,000 REPORT FROM THE NATIONAL 6687 05:09:30,001 --> 05:09:33,000 EMPLOYMENT LAW PROJECT PREDICTS 6688 05:09:33,001 --> 05:09:34,000 THAT AS MANY AS 150,000 6689 05:09:34,001 --> 05:09:36,000 AMERICANS EACH MONTH WILL LOSE 6690 05:09:36,001 --> 05:09:39,000 OUT ON THE SUBSIDIES NECESSARY 6691 05:09:39,001 --> 05:09:41,000 TO AVOID QUALITY HEALTH CARE. 6692 05:09:41,001 --> 05:09:43,000 AS WE SIT HERE IN THE SENATE, 6693 05:09:43,001 --> 05:09:44,000 DON'T HAVE TO WORRY ABOUT HEALTH 6694 05:09:44,001 --> 05:09:45,000 CARE. 6695 05:09:45,001 --> 05:09:47,000 WE HAVE BOTH JOB SECURITY AND 6696 05:09:47,001 --> 05:09:49,000 HEALTH CARE THAT MILLIONS OF 6697 05:09:49,001 --> 05:09:51,000 AMERICANS DON'T HAVE TODAY. 6698 05:09:51,001 --> 05:09:52,000 TODAY WE GOT A FRORT THE 6699 05:09:52,001 --> 05:09:54,000 TREASURY DEPARTMENT -- TODAY WE 6700 05:09:54,001 --> 05:09:55,000 GOT A REPORT FROM THE TREASURY 6701 05:09:55,001 --> 05:09:57,000 DEPARTMENT WHICH OUTLINES 6702 05:09:57,001 --> 05:09:58,000 IMPORTANT INFORMATION ON THE 6703 05:09:58,001 --> 05:09:59,000 SUCCESS OF THE COBRA PREMIUM 6704 05:09:59,001 --> 05:10:01,000 ASSISTANCE PROGRAM. 6705 05:10:01,001 --> 05:10:03,000 THE REPORT IS ENTITLED "THE 6706 05:10:03,001 --> 05:10:05,000 INTERIM REPORT TO THE CONGRESS 6707 05:10:05,001 --> 05:10:08,000 ON COBRA PREMIUM ASSISTANCE." 6708 05:10:08,001 --> 05:10:10,000 IT'S DATAD JUNE 10 -- OR, JUNE 6709 05:10:10,001 --> 05:10:11,000 2010, I SHOULD SAY, FROM THE 6710 05:10:11,001 --> 05:10:13,000 DEPARTMENT OF TREASURY. 6711 05:10:13,001 --> 05:10:15,000 AND I'D ASK UNANIMOUS CONSENT TO 6712 05:10:15,001 --> 05:10:17,000 HAVE A COPY OF THAT REPORT 6713 05:10:17,001 --> 05:10:18,000 PLACED IN THE RECORD. THE PRESIDING OFFICER: IS 6714 05:10:18,001 --> 05:10:19,000 THERE OBJECTION? WITHOUT OBJECTION, SO ORDERED. 6715 05:10:19,001 --> 05:10:20,000 MR. CASEY: THANK YOU, 6716 05:10:20,001 --> 05:10:22,000 MR. PRESIDENT. 6717 05:10:22,001 --> 05:10:24,000 IN THE REPORT IT STATES THAT 6718 05:10:24,001 --> 05:10:26,000 OVER 2 MILLION HOUSEHOLDS IN 6719 05:10:26,001 --> 05:10:27,000 AMERICA HAVE BENEFITED FROM THE 6720 05:10:27,001 --> 05:10:29,000 COBRA PREMIUM ASSISTANCE PROGRAM. 6721 05:10:29,001 --> 05:10:33,000 IN PENNSYLVANIA THAT MEANS THAT 6722 05:10:33,001 --> 05:10:35,000 OVER 100,000 -- 107,311 6723 05:10:35,001 --> 05:10:36,000 PENNSYLVANIA HOUSEHOLDS HAVE 6724 05:10:36,001 --> 05:10:38,000 BENEFITED FROM THAT. 6725 05:10:38,001 --> 05:10:40,000 THAT'S 2 MILLION HOUSEHOLDS 6726 05:10:40,001 --> 05:10:41,000 ACROSS THE COUNTRY ABLE TO 6727 05:10:41,001 --> 05:10:43,000 AFFORD QUALITY HEALTH CARE WHILE 6728 05:10:43,001 --> 05:10:45,000 THEY WERE SEARCHING FOR A JOB. 6729 05:10:45,001 --> 05:10:48,000 MILLIONS OF AMERICANS HAVE ON 6730 05:10:48,001 --> 05:10:51,000 LESS THING TO WORRY ABOUT: THEIR 6731 05:10:51,001 --> 05:10:53,000 HEALTH AND THE HEALTH OF HEALTH 6732 05:10:53,001 --> 05:10:54,000 THEIR FAMILY, WHILE THEY'RE 6733 05:10:54,001 --> 05:10:56,000 SEARCHING FOR THAT JOB. 6734 05:10:56,001 --> 05:10:57,000 IN VERY BRIEF FORM I WANTED TO 6735 05:10:57,001 --> 05:10:58,000 HIGHLIGHT A SECTION FROM THE 6736 05:10:58,001 --> 05:10:59,000 REPORT THAT TALKS AUT HOW THIS 6737 05:10:59,001 --> 05:11:00,000 PROGRAM ACTUALLY WORKS. 6738 05:11:00,001 --> 05:11:02,000 AND MANY AMERICANS UNDERSTAND 6739 05:11:02,001 --> 05:11:05,000 THIS. 6740 05:11:05,001 --> 05:11:07,000 I AM QUOTING FROM PAGE 2. 6741 05:11:07,001 --> 05:11:09,000 "WORKERS ELIGIBLE FOR COBRA 6742 05:11:09,001 --> 05:11:11,000 PREMIUM ASSISTANCE SEND 6743 05:11:11,001 --> 05:11:12,000 PREMIUM PAYMENT TO THEIR 6744 05:11:12,001 --> 05:11:15,000 EMPLOYERS OR PLAN ADMINISTRATORS 6745 05:11:15,001 --> 05:11:16,000 OR THEIR INSURERS FOR THE 6746 05:11:16,001 --> 05:11:17,000 CONTINUATION OF COVERAGE. 6747 05:11:17,001 --> 05:11:22,000 BECAUSE OF THE RECOVERY ACT THAT 6748 05:11:22,001 --> 05:11:25,000 WE PASSED IN 2009, THOSE 6749 05:11:25,001 --> 05:11:27,000 INDIVIDUALS PAY ONLY 35% OF THE PREMIUM. 6750 05:11:27,001 --> 05:11:29,000 THEN OF COURSE, THE EMPLOYERS 6751 05:11:29,001 --> 05:11:31,000 ARE ALLOWED A TAX CREDIT -- OR A 6752 05:11:31,001 --> 05:11:34,000 CREDIT, I SHOULD SAY, AGAINST 6753 05:11:34,001 --> 05:11:35,000 THEIR PAYROLL TAXES FOR THE 6754 05:11:35,001 --> 05:11:36,000 REMAING 65%." 6755 05:11:36,001 --> 05:11:38,000 THAT'S HOW IT WORKS. 6756 05:11:38,001 --> 05:11:39,000 IT WORKS WELL AND IT'S SHOWN 6757 05:11:39,001 --> 05:11:46,000 RESULTS ACCORDING TO THIS NEW 6758 05:11:46,001 --> 05:11:49,000 REPORT FROM THE TREASURY TREASURY DEPARTMENT. 6759 05:11:49,001 --> 05:11:50,000 THE TOTAL COST DHORG THIS 6760 05:11:50,001 --> 05:11:52,000 REPORT, WAS \$2 BILLION. 6761 05:11:52,001 --> 05:11:53,000 THE SCORE THAT THE CONGRESSIONAL 6762 05:11:53,001 --> 05:11:57,000 BUDGET OFFICE GAVE IT ORIGINALLY 6763 05:11:57,001 --> 05:11:59,000 BACK IN 2009 WAS \$16 BILLION. 6764 05:11:59,001 --> 05:12:02,000 SO WHEN THEY PREDICTED \$16 6765 05:12:02,001 --> 05:12:06,000 BILLION IT COST BUT \$2 BILLION. 6766 05:12:06,001 --> 05:12:07,000 AND OF COURSE IN 2009, WE HAD A 6767 05:12:07,001 --> 05:12:09,000 TREMENDOUSLY HIGH JOB LOSS 6768 05:12:09,001 --> 05:12:12,000 COMPARED TO THIS YEAR. 6769 05:12:12,001 --> 05:12:13,000 SO THAT COST IS GOING TO GO 6770 05:12:13,001 --> 05:12:17,000 SIGNIFICANTLY DOWN. 6771 05:12:17,001 --> 05:12:19,000 PART OF THE REASON FOR BEING SO 6772 05:12:19,001 --> 05:12:21,000 MUCH CHEAPSSERT EFFICIENCY OF ADMINISTERING THIS PROGRAM. 6773 05:12:21,001 --> 05:12:23,000 THE TREASURY REPORT THAT I JUST 6774 05:12:23,001 --> 05:12:25,000 ENTERED INTO THE REPORT STATES 6775 05:12:25,001 --> 05:12:28,000 THAT "THE COURT TO ADMINISTER 6776 05:12:28,001 --> 05:12:29,000 THE PROGRAM" -- THE TOTAL COST 6777 05:12:29,001 --> 05:12:30,000 TO ADMINISTER THIS WITH THREE 6778 05:12:30,001 --> 05:12:35,000 FEDERAL AGENCIES INVOLVED WAS 6779 05:12:35,001 --> 05:12:37,000 JUST \$8 MILLION. 6780 05:12:37,001 --> 05:12:39,000 .5% --.5% OF THE COST OF THE OVERALL PROGRAM. 6781 05:12:39,001 --> 05:12:41,000 BASED ON THE TREASURY REPORT, 6782 05:12:41,001 --> 05:12:44,000 IT'S OBVIOUS THAT THIS PROGRAM 6783 05:12:44,001 --> 05:12:46,000 IS BOTH EFFECTIVE AND EFFICIENT 6784 05:12:46,001 --> 05:12:47,000 AND IT ASSISTED MILLIONS OF 6785 05:12:47,001 --> 05:12:48,000 AMERICANS. 6786 05:12:48,001 --> 05:12:50,000 IN ADDITION TO EURING QUALITY 6787 05:12:50,001 --> 05:12:51,000 HEALTH CARE, THE PROGRAM WAS A 6788 05:12:51,001 --> 05:12:52,000 LIFELINE FOR AMERICANS ACROSS 6789 05:12:52,001 --> 05:12:55,000 THE COUNTRY. 6790 05:12:55,001 --> 05:12:57,000 I RECEIVED A LETTER BACK IN 6791 05:12:57,001 --> 05:13:01,000 MARCH FROM A WOMAN IN PENNSYLVANIA, LISA. 6792 05:13:01,001 --> 05:13:02,000 I WON'T GIVE HER NAME AND ADDRESS. 6793 05:13:02,001 --> 05:13:03,000 I DON'T HAVE PERMISSION. 6794 05:13:03,001 --> 05:13:06,000 BUT I WANTED TO HIGHLIGHT HER 6795 05:13:06,001 --> 05:13:07,000 OWN PERSONAL SITUATION WITHOUT 6796 05:13:07,001 --> 05:13:09,000 IDENTIFYING HER AS WELL. 6797 05:13:09,001 --> 05:13:10,000 I'M QUOTING IN PART FM HER 6798 05:13:10,001 --> 05:13:16,000 LETTER. 6799 05:13:16,001 --> 05:13:17,000 SHE SAID, "I.F. I HAVEEEN RECEIVING 6800 05:13:17,001 --> 05:13:19,000 CHEMOTHERAPY NEARLY EVERY 6801 05:13:19,001 --> 05:13:22,000 REMEMBER WEEK FOR THE PAST 18 6802 05:13:22,001 --> 05:13:23,000 MONTHS AFTER BEING DIAGNOSED IN 2008. 6803 05:13:23,001 --> 05:13:26,000 THE TREATMENTS WERE COVERED BY 6804 05:13:26,001 --> 05:13:27,000 MY COBRA BENEFITS AND HAS KEPT 6805 05:13:27,001 --> 05:13:31,000 ME ALIVE. 6806 05:13:31,001 --> 05:13:32,000 I MUST CONTINUE CHEMOTHERAPY BUT 6807 05:13:32,001 --> 05:13:33,000 RAN INTO A PROBLEM. 6808 05:13:33,001 --> 05:13:35,000 AN EXTENSION OF COBRA COVERAGE 6809 05:13:35,001 --> 05:13:36,000 WAS DENIED." 6810 05:13:36,001 --> 05:13:39,000 SO, LISA IN PENNSYLVANIA SPEAKS 6811 05:13:39,001 --> 05:13:40,000 FOR HUNDREDS OF THOUSANDS, IF 6812 05:13:40,001 --> 05:13:42,000 NOT MILLIONS OF AMERICANS WHEN 6813 05:13:42,001 --> 05:13:44,000 SHE TELLS US WHAT THIS PROGRAM 6814 05:13:44,001 --> 05:13:46,000 MEANS TO HER. 6815 05:13:46,001 --> 05:13:50,000 IT IS IN FACT A PROGRAM WHICH 6816 05:13:50,001 --> 05:13:51,000 HAS KEPT HER ALIVE, TO USE HER 6817 05:13:51,001 --> 05:13:53,000 WORDS, NOT MINE. 6818 05:13:53,001 --> 05:13:55,000 SO THAT'S WHAT THIS IS ABOUT. 6819 05:13:55,001 --> 05:13:58,000 IT'S ABOUT REAL LIFE. 6820 05:13:58,001 --> 05:13:59,000 IT'S ABOUT REAL FAMILIES WHO ARE 6821 05:13:59,001 --> 05:14:01,000 LIVING THROUGH THE DOUBLE 6822 05:14:01,001 --> 05:14:03,000 NIGHTMARE, THE HORROR OF LOSING 6823 05:14:03,001 --> 05:14:05,000 A JOB AND THEN BEING HIT OVER 6824 05:14:05,001 --> 05:14:07,000 THE HEAD AGAIN BY LOSING THEIR 6825 05:14:07,001 --> 05:14:09,000 HEALTH CARE COVERAGE. 6826 05:14:09,001 --> 05:14:11,000 T 6827 05:14:11,001 --> 05:14:14,000 THERE ARE COUNTLESS STORIES 6828 05:14:14,001 --> 05:14:15,000 SIMILAR TO LISA'S ACROSS THE 6829 05:14:15,001 --> 05:14:16,000 COUNTRY, AND MANY OF US HAVE 6830 05:14:16,001 --> 05:14:19,000 HEARD THESE STORIES. 6831 05:14:19,001 --> 05:14:21,000 THESE STORIES RELATE TO HOW 6832 05:14:21,001 --> 05:14:22,000 COBRA, INCLUDING THIS PREMIUM 6833 05:14:22,001 --> 05:14:24,000 ASSISTANCE PROGRAM ITSELF, GAVE 6834 05:14:24,001 --> 05:14:25,000 PEOPLE HOPE IN THE MIDST OF 6835 05:14:25,001 --> 05:14:26,000 DESPAIR. 6836 05:14:26,001 --> 05:14:28,000 HOPE IN THE MIDST OF THAT 6837 05:14:28,001 --> 05:14:29,000 DESPAIR FROM LOSING A JOB AND 6838 05:14:29,001 --> 05:14:30,000 ALSO LOSING HEALTH CARE 6839 05:14:30,001 --> 05:14:32,000 COVERAGE. 6840 05:14:32,001 --> 05:14:34,000 SO I'D ENCOURAGE MY FELLOW 6841 05:14:34,001 --> 05:14:35,000 COLLEAGUES IN THE SENATE TO 6842 05:14:35,001 --> 05:14:37,000 SUPPORT THE AMENDMENT THAT 6843 05:14:37,001 --> 05:14:39,000 SENATOR BROWN OF OHIO AND I HAVE 6844 05:14:39,001 --> 05:14:40,000 INTRODUCED, WHICH INCLUDES AN 6845 05:14:40,001 --> 05:14:42,000 OFFSET TO THE EXTENSION OF THE 6846 05:14:42,001 --> 05:14:44,000 PROGRAM SO IT IS PAID FOR. 6847 05:14:44,001 --> 05:14:47,000 AND WITH THAT, MR. PRESIDENT, I 6848 05:14:47,001 --> 05:14:49,000 WOULD YIELD THE FLOOR 6849 05:14:49,001 --> 05:14:50,000 THE ABSENCE OF A QUORUM. 6850 05:14:50,001 --> 05:14:52,000 A SENATOR: MR. PRESIDENT? 6851 05:14:52,001 --> 05:14:53,000 THE PRESIDING OFFICER: THE 6852 05:14:53,001 --> 05:14:55,000 SENATOR WOULD WITHHOLD HIS 6853 05:14:55,001 --> 05:14:56,000 QUORUM 6854 05:14:56,001 --> 05:14:57,000 THE SENATOR FROM MICHIGAN IS 6855 05:14:57,001 --> 05:14:58,000 RECOGNIZED. 6856 05:14:58,001 --> 05:15:00,000 MS. STABENOW: THANK YOU, MR. PRESIDENT. 6857 05:15:00,001 --> 05:15:01,000 FIRST I WANT TO THANK MY FRIEND 6858 05:15:01,001 --> 05:15:02,000 FROM PENNSYLVANIA FOR HIS 6859 05:15:02,001 --> 05:15:04,000 LEADERSHIP AND PASSION ON THIS 6860 05:15:04,001 --> 05:15:05,000 ISSUE, AND I'M VERY PLEASED TO 6861 05:15:05,001 --> 05:15:08,000 JOIN HIM ON THIS AMENDMENT. 6862 05:15:08,001 --> 05:15:10,000 I ALSO WANT TO THANK OUR CHAIRMAN OF THE FINANCE 6863 05:15:10,001 --> 05:15:12,000 COMMITTEE FOR MANY, MANY, MANY 6864 05:15:12,001 --> 05:15:14,000 HOURS ON THIS FLOOR, WORKING 6865 05:15:14,001 --> 05:15:16,000 VERY HARD TO PUT TOGETHER THIS 6866 05:15:16,001 --> 05:15:19,000 VERY IMPORTANT JOBS BILL THAT WE 6867 05:15:19,001 --> 05:15:22,000 NEED TO GET DONE AS QUICKLY AS POSSIBLE. 6868 05:15:22,001 --> 05:15:25,000 I WANT TO SPEND A FEW MOMENTS 6869 05:15:25,001 --> 05:15:28,000 TALKING ABOUT THE GULF AND WHAT 6870 05:15:28,001 --> 05:15:29,000 HAS HAPPENED AND WHAT IT WILL 6871 05:15:29,001 --> 05:15:31,000 BROADLY REPRESENT OF WHAT IS 6872 05:15:31,001 --> 05:15:32,000 HAPPENING BOTH HERE ON THELOOR 6873 05:15:32,001 --> 05:15:33,000 AND IN OUR COUNTRY, 6874 05:15:33,001 --> 05:15:34,000 MR. PRESIDENT. 6875 05:15:34,001 --> 05:15:38,000 WHEN I FLIP ON THE TELEVISION 6876 05:15:38,001 --> 05:15:39,000 AND SEE WHAT'S HAPPENING IN THE 6877 05:15:39,001 --> 05:15:41,000 GULF, LIKE ALL OF US, I KNOW 6878 05:15:41,001 --> 05:15:43,000 THIS TRULY IS A TRAGEDY. 6879 05:15:43,001 --> 05:15:46,000 TO SEE THE WORKERS WHO LOST 6880 05:15:46,001 --> 05:15:48,000 THEIR JOBS WHORBGS CAN'T GO 6881 05:15:48,001 --> 05:15:50,000 OUT -- JOBS, WHO CAN'T GO OUT ON 6882 05:15:50,001 --> 05:15:53,000 THEIR FISHING OR SHRIMPING 6883 05:15:53,001 --> 05:15:55,000 BOATS, WHO HAVEN'T SEEN ANY 6884 05:15:55,001 --> 05:15:56,000 TOURISTS COME THEIR WAY IN OVER 6885 05:15:56,001 --> 05:15:58,000 A MONTH, TO SEE THE 6886 05:15:58,001 --> 05:16:00,000 ENVIRONMENTAL DEVASTATION, IT IS 6887 05:16:00,001 --> 05:16:01,000 A TERRIBLE CRISIS THAT IS 6888 05:16:01,001 --> 05:16:02,000 TESTING OUR NATION AND OUR 6889 05:16:02,001 --> 05:16:04,000 GOVERNMENT. 6890 05:16:04,001 --> 05:16:08,000 THE OBAMA ADMINISTRATION 6891 05:16:08,001 --> 05:16:10,000 INHERITED A PERFECT STORM: AN 6892 05:16:10,001 --> 05:16:13,000 OIL COMPANY KNOWN FOR A HISTORY 6893 05:16:13,001 --> 05:16:14,000 OF EGREGIOUS SAFETY VIOLATIONS 6894 05:16:14,001 --> 05:16:17,000 BEING GIVEN PERMITS TO DRILL A 6895 05:16:17,001 --> 05:16:20,000 MILE DOWN UNDER THE OCEAN WITH 6896 05:16:20,001 --> 05:16:21,000 NO CREDIBLE PUBLIC OVERSIGHT, 6897 05:16:21,001 --> 05:16:23,000 AND A PUBLIC AGENCY AT 6898 05:16:23,001 --> 05:16:25,000 BELIEVED THAT OIL COMPANIES 6899 05:16:25,001 --> 05:16:27,000 SHOULD BASICALLY POLICE 6900 05:16:27,001 --> 05:16:28,000 THEMLVES, EVEN IF THERE WAS A 6901 05:16:28,001 --> 05:16:31,000 RISK TO AMERICAN FAMILIES. 6902 05:16:31,001 --> 05:16:32,000 THAT'S WHAT THEY INHERITED. 6903 05:16:32,001 --> 05:16:34,000 THE TRAGIC EVENTS IN THE GULF OF 6904 05:16:34,001 --> 05:16:37,000 MEXICO STARTED WITH AN ELOSION 6905 05:16:37,001 --> 05:16:40,000 THAT KILLED 11 WORKERS ON BOARD 6906 05:16:40,001 --> 05:16:42,000 AN OFFSHORE OIL RIG OPERATING IN 6907 05:16:42,001 --> 05:16:44,000 WATERS DEEPER THAN IT HAD EVER 6908 05:16:44,001 --> 05:16:45,000 OPERATED BEFORE, WITH TECHNOLOGY 6909 05:16:45,001 --> 05:16:47,000 THAT WASN'T DESIGNED FOR 6910 05:16:47,001 --> 05:16:49,000 DRILLING THAT DEEP. 6911 05:16:49,001 --> 05:16:51,000 IT HAPPENED BECAUSE THE COMPANY 6912 05:16:51,001 --> 05:16:54,000 OPERATING THE OIL RIGS TOOK 6913 05:16:54,001 --> 05:16:55,000 RISKS WITH THE LIVES OF THE 6914 05:16:55,001 --> 05:16:57,000 WORKERS. 6915 05:16:57,001 --> 05:17:00,000 THEY CUT CORNERS AND THEY 6916 05:17:00,001 --> 05:17:02,000 IGNORED THE INTEREST OF MILLIONS 6917 05:17:02,001 --> 05:17:04,000 OF AMERICANS IN THE GULF WHO 6918 05:17:04,001 --> 05:17:06,000 WOULD BE AFFECTED BY THEIR ACTIONS. 6919 05:17:06,001 --> 05:17:09,000 IT WAS A TRAGEDY THAT WAS 6920 05:17:09,001 --> 05:17:11,000 ALLOWED TO HAPPEN BY AN AGENCY 6921 05:17:11,001 --> 05:17:13,000 THAT HAD BEEN TRANSFORMED BY 6922 05:17:13,001 --> 05:17:15,000 EIGHT YEARS OF REPUBLICAN 6923 05:17:15,001 --> 05:17:16,000 POLICIES URGING THEM TO LOOK THE 6924 05:17:16,001 --> 05:17:19,000 OTHER WAY. 6925 05:17:19,001 --> 05:17:22,000 IT WAS AN AGENCY WHOSE EMPLOYEES 6926 05:17:22,001 --> 05:17:23,000 THOUGHT THEY WORKED FOR THE OIL 6927 05:17:23,001 --> 05:17:24,000 INDUSTRY RATHER THAN THE 6928 05:17:24,001 --> 05:17:26,000 AMERICAN PEOPLE. 6929 05:17:26,001 --> 05:17:30,000 WHERE T AGENCY ALLOWED THE OIL 6930 05:17:30,001 --> 05:17:31,000 INDUSTRY TO FIL OUT THEIR OWN 6931 05:17:31,001 --> 05:17:36,000 INSPECTION REPORTS. 6932 05:17:36,001 --> 05:17:38,000 IT WAS A BELIEF ARTICULATED BY A 6933 05:17:38,001 --> 05:17:41,000 CURRENT REPUBLICAN SENATE 6934 05:17:41,001 --> 05:17:43,000 CANDIDATE WHO SAID IT WAS 6935 05:17:43,001 --> 05:17:45,000 UN-AMERICAN FOR PRESIDENT OBAMA 6936 05:17:45,001 --> 05:17:46,000 TO CRITICIZE B.P. 6937 05:17:46,001 --> 05:17:47,000 WELL, I DON'T THINK IT'S 6938 05:17:47,001 --> 05:17:49,000 UN-AMERICAN FOR OUR PRESIDENT TO 6939 05:17:49,001 --> 05:17:53,000 STAND UP FOR THE MEN AND WOMEN 6940 05:17:53,001 --> 05:17:56,000 WHO WORK IN THE GULF OF MEXICO, 6941 05:17:56,001 --> 05:17:59,000 WHOSE LIVELIHOODS AND LIVES HAVE 6942 05:17:59,001 --> 05:18:00,000 BEEN JEOPARDIZED BY THIS 6943 05:18:00,001 --> 05:18:01,000 CATASTROPHE. 6944 05:18:01,001 --> 05:18:03,000 WE'RE SEEING MILLIONS OF BARRELS 6945 05:18:03,001 --> 05:18:05,000 OF OIL BEING SPILLED INTO THE 6946 05:18:05,001 --> 05:18:07,000 WATERS, WATERS THAT ARE OWNED BY THE AMERICAN PEOPLE. 6947 05:18:07,001 --> 05:18:10,000 AND I THINK IT'S THE DUTY OF THE 6948 05:18:10,001 --> 05:18:12,000 AMERICAN PRESIDENT TO MAKE SURE 6949 05:18:12,001 --> 05:18:14,000 B.P. CLEANS IT UP AND DOES 6950 05:18:14,001 --> 05:18:17,000 EVERYTHING POSSIBLE IN THE GULF 6951 05:18:17,001 --> 05:18:20,000 TO MAKE THE PEOPLE WHOLE. 6952 05:18:20,001 --> 05:18:22,000 AND JUST THIS MORNING, 6953 05:18:22,001 --> 05:18:24,000 MR. PRESIDENT, WE HEARD ANOTHER 6954 05:18:24,001 --> 05:18:26,000 EXAMPLE OF THIS BELIEF IN THE 6955 05:18:26,001 --> 05:18:29,000 WORDS OF A SENIOR REPUBLICAN 6956 05:18:29,001 --> 05:18:33,000 HOUSE MEMBER WHO APOLOGIZED AT A 6957 05:18:33,001 --> 05:18:35,000 HEARING THAT'S BEEN GOING ON, 6958 05:18:35,001 --> 05:18:37,000 APOLOGIZED TO B.P. FOR THE 6959 05:18:37,001 --> 05:18:40,000 PRESIDENT'S ACTIONS, DEMANDING 6960 05:18:40,001 --> 05:18:41,000 THAT B.P. SET UP A FUND TO 6961 05:18:41,001 --> 05:18:43,000 REIMBURSE THE LOSSES OF LOCAL 6962 05:18:43,001 --> 05:18:45,000 SMALL BUSINESS PEOPLE AND 6963 05:18:45,001 --> 05:18:48,000 FAMILIES IN THE GULF FOR THEIR 6964 05:18:48,001 --> 05:18:50,000 TREMENDOUS HARDSHIP CAUSED, I 6965 05:18:50,001 --> 05:18:53,000 MIGHT ADD, BY B.P. 6966 05:18:53,001 --> 05:18:56,000 THIS CONGRESSMAN CALLED IT A 6967 05:18:56,001 --> 05:19:00,000 SHAKEDOWN, A SLU FUND. 6968 05:19:00,001 --> 05:19:01,000 MR. PRESIDENT, I CALL IT 6969 05:19:01,001 --> 05:19:02,000 LEADERSHIP, STANDING UP FOR THE 6970 05:19:02,001 --> 05:19:05,000 AMERICAN PEOPLE. 6971 05:19:05,001 --> 05:19:07,000 THAT'S HIS JOB, AND THAT IS OUR 6972 05:19:07,001 --> 05:19:09,000 JOB AS WELL. 6973 05:19:09,001 --> 05:19:15,000 BUT THERE'S A LARGER ISSUE 6974 05:19:15,001 --> 05:19:18,000 REPRESENTED IN THIS DISASTER. 6975 05:19:18,001 --> 05:19:20,000 PUBLIC ACCOUNTABILITY AND 6976 05:19:20,001 --> 05:19:23,000 COMMONSENSE REGULATION DO 6977 05:19:23,001 --> 05:19:26,000 MATTER, AND THAT'S OUR JOB AS WELL. 6978 05:19:26,001 --> 05:19:27,000 MY COLLEAGUES KNOW THAT AS A 6979 05:19:27,001 --> 05:19:29,000 SENATOR FROM MICHIGAN, THERE'S 6980 05:19:29,001 --> 05:19:31,000 NO ONE THAT'S GOING TO FIGHT 6981 05:19:31,001 --> 05:19:32,000 HARDER FOR THE AUTO INDUSTRY 6982 05:19:32,001 --> 05:19:34,000 THAN MYSELF. 6983 05:19:34,001 --> 05:19:37,000 BUT EVEN WHILE I WILL FIGHT 6984 05:19:37,001 --> 05:19:39,000 TOOTH AND NAIL, AND HAVE FOR 6985 05:19:39,001 --> 05:19:41,000 THIS INDUSTRY AND THE SUCCESS OF 6986 05:19:41,001 --> 05:19:43,000 THIS INDUSTRY, I STILL SUPPORT 6987 05:19:43,001 --> 05:19:45,000 SAFETY REGULATIONS. 6988 05:19:45,001 --> 05:19:47,000 WHEN I PUT MY GRANDKIDS IN A 6989 05:19:47,001 --> 05:19:49,000 CAR, I WANT THE CAR TO HAVE SEAT 6990 05:19:49,001 --> 05:19:51,000 BELTS AND AIR BAGS, AND I WANT 6991 05:19:51,001 --> 05:19:53,000 TO MAKE SURE THAT THAT 6992 05:19:53,001 --> 05:19:55,000 AUTOMOBILE HAS GONE THROUGH A 6993 05:19:55,001 --> 05:19:58,000 RIGOROUS CRASH TEST. 6994 05:19:58,001 --> 05:20:00,000 OUR ECONOMY AND OUR QUALITY OF 6995 05:20:00,001 --> 05:20:03,000 LIFE DEPENDS O VIBRANT, 6996 05:20:03,001 --> 05:20:06,000 SUCCESSFUL BUSINESSES. 6997 05:20:06,001 --> 05:20:09,000 BUT OUR QUALITY OF LIFE ALSO 6998 05:20:09,001 --> 05:20:11,000 DEPENDS ON PUBLIC 6999 05:20:11,001 --> 05:20:12,000 ACCOUNTABILITY, ON COMMONSENSE 7000 05:20:12,001 --> 05:20:14,000 REGULATIONS TO PROTECT THE 7001 05:20:14,001 --> 05:20:16,000 HEALTH AND SAFETY OF OUR FAMILIES. 7002 05:20:16,001 --> 05:20:19,000 SOMEONE HAS TO STAND UP AND 7003 05:20:19,001 --> 05:20:20,000 PROTECT THE WATER AND THE AIR WE 7004 05:20:20,001 --> 05:20:22,000 BREATHE. 7005 05:20:22,001 --> 05:20:24,000 SOMEONE HAS TO STAND UP FOR OUR 7006 05:20:24,001 --> 05:20:25,000 CHILDREN AND FOR OUR ELDERS. 7007 05:20:25,001 --> 05:20:28,000 SOMEONE HAS TO STAND UP FOR THE 7008 05:20:28,001 --> 05:20:30,000 SAFETY OF WORKERS. 7009 05:20:30,001 --> 05:20:34,000 THE 11 WORKERS WHO WERE KILLED 7010 05:20:34,001 --> 05:20:35,000 ON THAT RIG OR THE 29 WORKERS 7011 05:20:35,001 --> 05:20:36,000 WHO WERE KILLED IN THE MINE 7012 05:20:36,001 --> 05:20:39,000 COLLAPSE IN APRIL, OR THE 7013 05:20:39,001 --> 05:20:42,000 MILLIONS OF FISHERMEN AND 7014 05:20:42,001 --> 05:20:44,000 SHRIMPERS AND TOURIST WORKERS 7015 05:20:44,001 --> 05:20:46,000 WHOSE LIVELIHOODS ARE AT RISK TODAY ON THE GULF COAST. 7016 05:20:46,001 --> 05:20:50,000 WHEN WE LOOK AT OUR RECORD IN 7017 05:20:50,001 --> 05:20:54,000 THIS CONGRESS, WE'VE SEEN THE 7018 05:20:54,001 --> 05:21:00,000 SAME DEBATE PLAYED OUT TIME AND 7019 05:21:00,001 --> 05:21:03,000 EVEN THIS WEEK TWO DIFFERENT 7020 05:21:03,001 --> 05:21:04,000 BELIEFS, TWO DIFFERENT SETS OF VALUES. 7021 05:21:04,001 --> 05:21:06,000 THE FIRST BILL THAT PRESIDENT 7022 05:21:06,001 --> 05:21:16,000 OBAMA SIGNED INTO LAW WAS NAMED 7023 05:21:16,001 --> 05:21:18,000 AFTER A WOMAN NAMED LILLY 7024 05:21:18,001 --> 05:21:20,000 LEDBETTER, THE LILLY LEDBETTER 7025 05:21:20,001 --> 05:21:22,000 FAIR PAY ACT. 7026 05:21:22,001 --> 05:21:24,000 WE SAW TWO DIFFERENT VIEWS AND BELIEFS. 7027 05:21:24,001 --> 05:21:25,000 THE REPUBLICAN VIEW THAT 7028 05:21:25,001 --> 05:21:26,000 ESSENTIALLY SAID CORPORATIONS 7029 05:21:26,001 --> 05:21:27,000 SHOULD BE ABLE TO DISCRIMINATE 7030 05:21:27,001 --> 05:21:31,000 AGAINST WOMEN OR PEOPLE OF COLOR 7031 05:21:31,001 --> 05:21:36,000 IF THEY CHOOSE TO. 7032 05:21:36,001 --> 05:21:38,000 AND ON OUR SIDE, WE SOD WITH A 7033 05:21:38,001 --> 05:21:40,000 WOMAN, LILLY LEDBETTER, WHO FOR 7034 05:21:40,001 --> 05:21:44,000 YEARS HAD GOTTEN PAID 7035 05:21:44,001 --> 05:21:46,000 SIGNIFICANTLY LESS THAN HER MALE 7036 05:21:46,001 --> 05:21:49,000 COWORKERS FOR DOING THE EXACT 7037 05:21:49,001 --> 05:21:50,000 SAME JOB. 7038 05:21:50,001 --> 05:21:53,000 JUST BECAUSE SHE WAS A WOMAN. 7039 05:21:53,001 --> 05:21:58,000 WE PASSED THAT BILL. 7040 05:21:58,001 --> 05:21:59,000 IT WAS SIGNED INTO L SO THAT 7041 05:21:59,001 --> 05:22:00,000 WOMEN, THAT PEOPLE OF COLOR 7042 05:22:00,001 --> 05:22:02,000 WON'T HAVE TO GO THROUGH THAT IN 7043 05:22:02,001 --> 05:22:04,000 THE FUTURE BECAUSE WE HAPPEN TO 7044 05:22:04,001 --> 05:22:06,000 BELIEVE IN FAIR PLAY. 7045 05:22:06,001 --> 05:22:09,000 WE HAPPEN TO BELIEVE IN EQUAL 7046 05:22:09,001 --> 05:22:11,000 PAY FOR EQUAL WORK. 7047 05:22:11,001 --> 05:22:13,000 THEN THERE WAS THE RECOVERY ACT. 7048 05:22:13,001 --> 05:22:14,000 AND THERE AGAIN WE SAW A VERY 7049 05:22:14,001 --> 05:22:16,000 BIG DIFFERENCE. 7050 05:22:16,001 --> 05:22:18,000 AFTER THE BIGGEST BAILOUT OF 7051 05:22:18,001 --> 05:22:21,000 WALL STREET IN THE HISTORY OF 7052 05:22:21,001 --> 05:22:22,000 OUR COUNTRY, ON ONE SIDE WAS THE 7053 05:22:22,001 --> 05:22:25,000 BELIEF THATOVERNMENT SHOULDN'T 7054 05:22:25,001 --> 05:22:27,000 GET INVOLVE 7055 05:22:27,001 --> 05:22:28,000 AMERICAN PEOPLE HURT BY THE 7056 05:22:28,001 --> 05:22:30,000 FINANCIAL CRISIS. 7057 05:22:30,001 --> 05:22:33,000 THEN THE FACE OF THE WORST 7058 05:22:33,001 --> 05:22:34,000 ECONOMIC CRISIS SINCE THE GREAT 7059 05:22:34,001 --> 05:22:39,000 DEPRESSION,HE PROPER COURSE 7060 05:22:39,001 --> 05:22:41,000 WOULD BE TO SIT BACK AND LET THE 7061 05:22:41,001 --> 05:22:43,000 ECONOMY FIX ITSELF, EVEN THOUGH 7062 05:22:43,001 --> 05:22:45,000 THOSE WHO CAUSED THE FINANCIAL 7063 05:22:45,001 --> 05:22:47,000 CRIS WERE IN FACT BEING HELPED. 7064 05:22:47,001 --> 05:22:51,000 NEVER MIND THAT MILLIONS OF 7065 05:22:51,001 --> 05:22:57,000 PEOPLE USED TO LIVE COMFORTABLE 7066 05:22:57,001 --> 05:23:00,000 PH EUDZ CLASS LIVES 7067 05:23:00,001 --> 05:23:04,000 MIDDLE-CLASS LIVES LOST THEIR 7068 05:23:04,001 --> 05:23:05,000 JOBS, THEIR HOMES TO THOSE ON 7069 05:23:05,001 --> 05:23:06,000 WALL STREET WITH NO 7070 05:23:06,001 --> 05:23:07,000 ACCOUNTABILITY. 7071 05:23:07,001 --> 05:23:08,000 BUT WE BELIEVE SOMETHING 7072 05:23:08,001 --> 05:23:09,000 DIFFERENT, MR. PRESIDENT, THAT 7073 05:23:09,001 --> 05:23:12,000 WHEN THE ECONOMY IS ON THE EDGE 7074 05:23:12,001 --> 05:23:13,000 OF A CLIFF AND MILLIONS OF 7075 05:23:13,001 --> 05:23:15,000 MIDDLE-CLASS FAMILIES HAVE BEEN 7076 05:23:15,001 --> 05:23:18,000 HURT DUE TO NO FAULT OF THEIR 7077 05:23:18,001 --> 05:23:19,000 OWN, YOU DON'T JUST SIT BACK AND 7078 05:23:19,001 --> 05:23:20,000 HOPE FOR THE BEST. 7079 05:23:20,001 --> 05:23:22,000 THAT'S NOT LEADERSHIP. 7080 05:23:22,001 --> 05:23:25,000 YOU 7081 05:23:25,001 --> 05:23:28,000 AND SO WE PASSED AN HISTORIC 7082 05:23:28,001 --> 05:23:30,000 RECOVERY ACT FOCUSED ON JOBS, 7083 05:23:30,001 --> 05:23:33,000 FOCUSED ON THE AMERICAN PEOPLE. 7084 05:23:33,001 --> 05:23:35,000 LPING SMALL BUSINESSES GROW BY 7085 05:23:35,001 --> 05:23:36,000 BUILDING CLEAN ENERGY 7086 05:23:36,001 --> 05:23:38,000 TECHNOLOGY, SCHOOLS, BRIDGES AND 7087 05:23:38,001 --> 05:23:41,000 ROADS AND BY MAKING INVESTMENTS 7088 05:23:41,001 --> 05:23:43,000 IN OUR FUTURE, AND, YES, HELPING 7089 05:23:43,001 --> 05:23:45,000 PEOPLE WHO HAVE BEEN CAUGHT IN 7090 05:23:45,001 --> 05:23:47,000 THAT ECONOMIC TSUNAMI BE ABLE TO 7091 05:23:47,001 --> 05:23:48,000 CONTINUE TO KEEP THE LIGHTS ON 7092 05:23:48,001 --> 05:23:50,000 AT HOME AND HAVE A ROOF OVER 7093 05:23:50,001 --> 05:23:51,000 THEIR HEAD AND TAKE CARE OF 7094 05:23:51,001 --> 05:23:53,000 THEIR FAMILIES. 7095 05:23:53,001 --> 05:23:57,000 WHEN PRESIDENT OBAMA TOOK OFFICE 7096 05:23:57,001 --> 05:24:04,000 IN JANUARY OF 2009, WE WERE 7097 05:24:04,001 --> 05:24:05,000 LOSING 750,000 JOBS A MONTH. 7098 05:24:05,001 --> 05:24:09,000 TODAY, THANKS TO THIS RECOVERY 7099 05:24:09,001 --> 05:24:11,000 ACT AND OTHER WORK DONE HERE, 7100 05:24:11,001 --> 05:24:15,000 WE'RE CREATING JOBS. 7101 05:24:15,001 --> 05:24:16,000 IT'S NOT AS FAST AS I WOULD 7102 05:24:16,001 --> 05:24:19,000 LIKE, CERTAINLY COMING FROM 7103 05:24:19,001 --> 05:24:21,000 MICHIGAN WHERE WE'VE BEEN HIT 7104 05:24:21,001 --> 05:24:22,000 HARDER THAN ANYONE ELSE, BUT 7105 05:24:22,001 --> 05:24:23,000 WE'RE MOVING IN THE RIGHT 7106 05:24:23,001 --> 05:24:24,000 DIRECTION. 7107 05:24:24,001 --> 05:24:29,000 AND IT WOULDN'T BE THE CASE IF 7108 05:24:29,001 --> 05:24:31,000 WE HAD DONE NOTHING LAST YEAR. 7109 05:24:31,001 --> 05:24:32,000 THEN, WE HEARD FOR YEARS THAT 7110 05:24:32,001 --> 05:24:36,000 WALL STREET NEEDED LESS 7111 05:24:36,001 --> 05:24:40,000 REGULATION, MORE FREEDOM TO. 7112 05:24:40,001 --> 05:24:41,000 MR. INOUYE: KNOW MORE FREEDOM 7113 05:24:41,001 --> 05:24:44,000 TO INNOVATE. 7114 05:24:44,001 --> 05:24:45,000 AND WHAT WE SAW -- 7115 05:24:45,001 --> 05:24:46,000 MS. STABENOW: MORE FREEDOM TO 7116 05:24:46,001 --> 05:24:53,000 INNOVATE. 7117 05:24:53,001 --> 05:24:54,000 WHAT WE SAW WAS AN OVER-THE- 7118 05:24:54,001 --> 05:24:56,000 COUNTER DERIVATIVES MARKET 7119 05:24:56,001 --> 05:24:59,000 COMPLETELY UNREGULATED WITH NO 7120 05:24:59,001 --> 05:25:01,000 OVERSIGHT, NO TRANSPARENCY. 7121 05:25:01,001 --> 05:25:02,000 AND THERE WERE MANY PEOPLE WHO 7122 05:25:02,001 --> 05:25:03,000 THOUGHT THIS WAS GREAT. 7123 05:25:03,001 --> 05:25:05,000 HERE WAS ANXAMPLE OF A MARKET 7124 05:25:05,001 --> 05:25:08,000 WITH NO PUBLIC OVERSIGHT AT ALL, 7125 05:25:08,001 --> 05:25:11,000 AND IT WAS MAKING MONEY HAND OVER FIST. 7126 05:25:11,001 --> 05:25:12,000 THEN THE BUBBLE BURST, AND IT 7127 05:25:12,001 --> 05:25:14,000 TURNED OUT THE WHOLE THING WAS 7128 05:25:14,001 --> 05:25:15,000 SMOKE AND MIRRORS. 7129 05:25:15,001 --> 05:25:17,000 AND BECAUSE THERE WAS NOBODY 7130 05:25:17,001 --> 05:25:18,000 THERE SPEAKING UP FOR THE 7131 05:25:18,001 --> 05:25:20,000 AMERICAN PUBLIC, IT WAS THE 7132 05:25:20,001 --> 05:25:23,000 AMERICAN FAMILIES WHO PAID THE 7133 05:25:23,001 --> 05:25:27,000 PRICE, AND WE PAID A HEAVY PRICE. 7134 05:25:27,001 --> 05:25:29,000 THAT'S WHY WE RECENTLY PASSED 7135 05:25:29,001 --> 05:25:31,000 WALL STREET REFORM, AND WE NEED 7136 05:25:31,001 --> 05:25:33,000 TO GET IT TO THE PRESIDENT, TO 7137 05:25:33,001 --> 05:25:34,000 CREATE PUBLIC ACCOUNTABILITY AND 7138 05:25:34,001 --> 05:25:37,000 COMMONSENSE REGULATION TO 7139 05:25:37,001 --> 05:25:39,000 PROTECT INVESTORS AND CONSUMERS. 7140 05:25:39,001 --> 05:25:40,000 THAT'S OUR JOB. 7141 05:25:40,001 --> 05:25:42,000 WE PASSED A BILL TO GIVE 7142 05:25:42,001 --> 05:25:44,000 CONSUMERS THE POWER TO GET THEIR 7143 05:25:44,001 --> 05:25:46,000 MORTGAGES MODIFIED SO THEY COULD 7144 05:25:46,001 --> 05:25:48,000 STAY IN THEIR HOMES AND PREVENT 7145 05:25:48,001 --> 05:25:52,000 FORECLOSURES FROM EMPTYING OUT 7146 05:25:52,001 --> 05:26:01,000 ENTIRE COMMUNITIES. 7147 05:26:01,001 --> 05:26:02,000 WE'VE ALSO PASSED HELP TO HELP 7148 05:26:02,001 --> 05:26:06,000 TRACK DOWN MORTGAGE FRAUD. 7149 05:26:06,001 --> 05:26:07,000 ON EACH AND EVERY ISSUE OUR 7150 05:26:07,001 --> 05:26:09,000 DEMOCRATIC MAJORITY HAS BEEN 7151 05:26:09,001 --> 05:26:10,000 FIGHTING FOR THE PEOPLE OF THIS COUNTRY. 7152 05:26:10,001 --> 05:26:12,000 OUR REPUBLICAN COLLEAGUES 7153 05:26:12,001 --> 05:26:16,000 BELIEVE THAT THE OLD POLICIES -- 7154 05:26:16,001 --> 05:26:18,000 AND I EXPRESSED THIS, I ASSUME 7155 05:26:18,001 --> 05:26:19,000 THIS IS SINCERE, BUT THEY 7156 05:26:19,001 --> 05:26:22,000 BELIEVE THE POLICIES OF 7157 05:26:22,001 --> 05:26:23,000 DEREGULATION AND NO PUBLIC 7158 05:26:23,001 --> 05:26:26,000 ACCOUNTABILITY ARE BETTER. 7159 05:26:26,001 --> 05:26:27,000 THEY BELIEVE THAT LARGE 7160 05:26:27,001 --> 05:26:30,000 CORPORATE INTERESTS -- MINING 7161 05:26:30,001 --> 05:26:32,000 COMPANIES, OIL COMPANIES, WALL 7162 05:26:32,001 --> 05:26:33,000 STREET, BIG BANKS -- SHOULD 7163 05:26:33,001 --> 05:26:35,000 POLICE THEMSELVES AND THAT 7164 05:26:35,001 --> 05:26:37,000 THINGS WILL BE OKAY. 7165 05:26:37,001 --> 05:26:39,000 BUT FOR THE 11 WORKERS ON THE 7166 05:26:39,001 --> 05:26:41,000 OIL RIG IN THE GULF AND THE 7167 05:26:41,001 --> 05:26:44,000 MILLIONS OF PEOPLE WHO LIVE IN 7168 05:26:44,001 --> 05:26:48,000 THAT REGION OF OUR COUNTRY, 7169 05:26:48,001 --> 05:26:50,000 THOSE POLICIES JUST DIDN'T WORK. 7170 05:26:50,001 --> 05:26:54,000 FOR THE 29 MINERS WHO LOST THEIR 7171 05:26:54,001 --> 05:26:56,000 LIVES IN WEST VIRGINIA, THOSE 7172 05:26:56,001 --> 05:26:58,000 POLICIES JUST DIDN'T WORK. 7173 05:26:58,001 --> 05:27:01,000 FOR THE MILLIONS OF AMERICANS 7174 05:27:01,001 --> 05:27:04,000 WHO LOST THEIR JOBS OR THEIR 7175 05:27:04,001 --> 05:27:05,000 LIFE SAVINGS BECAUSE OF WALL 7176 05:27:05,001 --> 05:27:08,000 STREET'S RECKLESSNESS, THOSE 7177 05:27:08,001 --> 05:27:09,000 POLICIES JUST DIDN'T WORK. 7178 05:27:09,001 --> 05:27:11,000 I CAN'T BELIEVE THE AMERICAN 7179 05:27:11,001 --> 05:27:13,000 PEOPLE WANT TO GO BACK AND 7180 05:27:13,001 --> 05:27:15,000 RELIVE ALL OF THAT AGAIN. 7181 05:27:15,001 --> 05:27:18,000 I CERTAINLY DON'T. 7182 05:27:18,001 --> 05:27:20,000 WHEN PRESIDENT OBAMA TOOK 7183 05:27:20,001 --> 05:27:23,000 OFFICE, WE SAW THE WRECKAGE LEFT 7184 05:27:23,001 --> 05:27:24,000 BEHIND AFTER EIGHT YEARS OF 7185 05:27:24,001 --> 05:27:26,000 DEREGULATION. 7186 05:27:26,001 --> 05:27:27,000 AND, FRANKLY, IT WAS TIME TO PUT 7187 05:27:27,001 --> 05:27:30,000 PEOPLE FIRST. 7188 05:27:30,001 --> 05:27:33,000 AND SO THAT'S WHY WE GOT TO WORK. 7189 05:27:33,001 --> 05:27:35,000 FROM DAY ONE, WE HAVE SEEN 7190 05:27:35,001 --> 05:27:37,000 UNPRECEDENTED OBSTRUCTION. 7191 05:27:37,001 --> 05:27:39,000 REPUBLICAN LEADERSHIP USING 7192 05:27:39,001 --> 05:27:41,000 EVERY TRICK IN THE BOOK TO STOP 7193 05:27:41,001 --> 05:27:43,000 US FROM MAKING THE CHANGES THE 7194 05:27:43,001 --> 05:27:46,000 AMERICAN PEOPLE WANT. 7195 05:27:46,001 --> 05:27:51,000 BUT WE'VE KEPT ON FIGHTING. 7196 05:27:51,001 --> 05:27:53,000 WE'VE PASSED NOW 242 BILLS, 175 7197 05:27:53,001 --> 05:27:56,000 OF THEM SIGNED INTO LAW TO MOVE 7198 05:27:56,001 --> 05:27:58,000 OUR COUNTRY 7199 05:27:58,001 --> 05:28:00,000 FRANKLY, THIS ISN'T ABOUT NUMBERS. 7200 05:28:00,001 --> 05:28:02,000 NUMBERS DON'T MATTER. 7201 05:28:02,001 --> 05:28:04,000 WHAT MATTERS IS WHETHER OR NOT 7202 05:28:04,001 --> 05:28:06,000 THINGS ARE GETTING BETTER FOR PEOPLE. 7203 05:28:06,001 --> 05:28:08,000 LET ME JUST REVIEW SOME OF 7204 05:28:08,001 --> 05:28:10,000 WHAT'S BEEN PUT IN PLACE TO 7205 05:28:10,001 --> 05:28:11,000 BEGIN TO TURN THINGS AROUND. 7206 05:28:11,001 --> 05:28:13,000 THE RECOVERY ACT, AS I 7207 05:28:13,001 --> 05:28:14,000 MENTIONED, TO FOCUS ON JOBS. 7208 05:28:14,001 --> 05:28:15,000 THE EXPANSION OF HEALTH 7209 05:28:15,001 --> 05:28:17,000 INSURANCE FOR CHILDREN SO THAT 7210 05:28:17,001 --> 05:28:18,000 WORKING MOMS AND DADS CAN KNOW 7211 05:28:18,001 --> 05:28:20,000 THAT AT LEAST THE KIDS ARE GOING 7212 05:28:20,001 --> 05:28:22,000 TO BE ABLE TO SEE A DOCTOR. 7213 05:28:22,001 --> 05:28:24,000 PROTECTION OF OUR PUBLIC LANDS 7214 05:28:24,001 --> 05:28:27,000 AND NATIONAL PARKS SO THAT OUR 7215 05:28:27,001 --> 05:28:29,000 KIDS AND GRANDKIDS CAN ENJOY OUR 7216 05:28:29,001 --> 05:28:31,000 BEAUTIFUL LAND, OUR BEAUTIFUL 7217 05:28:31,001 --> 05:28:33,000 PARKS IN THIS COUNTRY. 7218 05:28:33,001 --> 05:28:36,000 CREDIT CARD REFORM, VETERANS 7219 05:28:36,001 --> 05:28:37,000 HEALTH CARE SO OUR TROOPS COMING 7220 05:28:37,001 --> 05:28:39,000 HOME GET THE CARE THEY NEED AND 7221 05:28:39,001 --> 05:28:42,000 THE CARE THEY DESERVE. 7222 05:28:42,001 --> 05:28:44,000 THAT'S THE LEAST WE CAN DO. 7223 05:28:44,001 --> 05:28:45,000 INCREASE SUPPORT FOR OUR 7224 05:28:45,001 --> 05:28:47,000 DISABLED VETERANS. 7225 05:28:47,001 --> 05:28:49,000 TOBACCO REGULATION THAT KEEPS 7226 05:28:49,001 --> 05:28:52,000 OUR KIDS FROM SMOKING, STANDING 7227 05:28:52,001 --> 05:28:55,000 UP TO THE TOBACCO INDUSTRY ON 7228 05:28:55,001 --> 05:28:57,000 BEHALF OF OUR CHILDREN'S HEALTH. 7229 05:28:57,001 --> 05:28:59,000 THE SERVE AMERICA ACT TO SUPPORT 7230 05:28:59,001 --> 05:29:01,000 OUR YOUNG PEOPLE AND SENIORS TO 7231 05:29:01,001 --> 05:29:03,000 BE ABLE TO GET INVOLVED AND GIVE 7232 05:29:03,001 --> 05:29:05,000 BACK TO THE COMMUNITY, A VERY 7233 05:29:05,001 --> 05:29:08,000 IMPORTANT VALUE THAT WE BELIEVE 7234 05:29:08,001 --> 05:29:11,000 AS AMERICANS. 7235 05:29:11,001 --> 05:29:13,000 AN F.A.A. BILL TO MODERNIZE OUR 7236 05:29:13,001 --> 05:29:17,000 AIR TRAFFIC CONTROL SYSTEMS SO 7237 05:29:17,001 --> 05:29:18,000 THAT WE HAVE SAFER AIR TRAVEL. 7238 05:29:18,001 --> 05:29:20,000 A NATIONAL DEFENSE BILL THAT 7239 05:29:20,001 --> 05:29:24,000 GIVES A PAY RAISE TO OUR MEN AND 7240 05:29:24,001 --> 05:29:26,000 WOMEN IN UNIFORM. 7241 05:29:26,001 --> 05:29:28,000 IT'S THE LEAST WE CAN DO AND 7242 05:29:28,001 --> 05:29:31,000 HELPS OUR VETERANS WHO DON'T HAVE A HOME. 7243 05:29:31,001 --> 05:29:33,000 A JOBS BILL TO HELP OUR SMALL 7244 05:29:33,001 --> 05:29:34,000 BUSINESSES EXPAND AND LOCAL 7245 05:29:34,001 --> 05:29:37,000 COMMUNITIES HAVE THE TOOLS THEY 7246 05:29:37,001 --> 05:29:40,000 NEED TO CREATE JOBS. 7247 05:29:40,001 --> 05:29:42,000 A HEALTH CARE BILL THAT SAVES 7248 05:29:42,001 --> 05:29:45,000 FAMILIES MONEY, MAKES SURE THAT 7249 05:29:45,001 --> 05:29:47,000 EVERY FAMILY CAN HAVE A FAMILY 7250 05:29:47,001 --> 05:29:50,000 DOCTOR AND IMPROVE THE QUALITY 7251 05:29:50,001 --> 05:29:52,000 OF CARE IN THIS COUNTRY. 7252 05:29:52,001 --> 05:29:54,000 STUDENT LOAN CHANGES TO STOP 7253 05:29:54,001 --> 05:29:56,000 SUBSIDIES TO BANKS AND PUT MORE 7254 05:29:56,001 --> 05:29:58,000 MONEY INTO MAKING SURE STUDENTS 7255 05:29:58,001 --> 05:29:59,000 CAN GET SOME HELP TO GO TO 7256 05:29:59,001 --> 05:30:03,000 COLLEGE. 7257 05:30:03,001 --> 05:30:05,000 AND THAT IT COSTS LESS, AND THEY 7258 05:30:05,001 --> 05:30:06,000 CAN AFFORD TO GO. 7259 05:30:06,001 --> 05:30:09,000 AND MAJOR FINANCIAL INDUSTRY 7260 05:30:09,001 --> 05:30:10,000 REFORM SO THAT WE NEVER SEE 7261 05:30:10,001 --> 05:30:12,000 ANOTHER WALL STREET BAILOUT. 7262 05:30:12,001 --> 05:30:13,000 NOW, AS I SAID, WE KNOW THAT 7263 05:30:13,001 --> 05:30:15,000 NONE OF THIS MATTERS IF YOU 7264 05:30:15,001 --> 05:30:17,000 DON'T HAVE A JOB AND IF YOU'RE 7265 05:30:17,001 --> 05:30:20,000 FIGHTING TO KEEP YOUR HOME AND 7266 05:30:20,001 --> 05:30:21,000 WE HAVE TO MAKE SURE THAT ALL OF 7267 05:30:21,001 --> 05:30:23,000 THIS -- AND WE ARE WORKING HARD 7268 05:30:23,001 --> 05:30:25,000 TO MAKE SURE THAT ALL OF THIS 7269 05:30:25,001 --> 05:30:26,000 ADDS UP TO REAL IMPROVEMENTS IN 7270 05:30:26,001 --> 05:30:29,000 PEOPLE'S LIVES AND ECONOMIC 7271 05:30:29,001 --> 05:30:30,000 SECURITY. 7272 05:30:30,001 --> 05:30:32,000 BUT WE ARE BEGINNING TO SEE 7273 05:30:32,001 --> 05:30:36,000 THINGS TURN AROUND BECAUSE WE 7274 05:30:36,001 --> 05:30:39,000 HAVE CHANGED THE VALUES, WE HAVE 7275 05:30:39,001 --> 05:30:41,000 CHANGED THE PRIORITIES BACK TO 7276 05:30:41,001 --> 05:30:42,000 WHAT IS BEST FOR THE AMERICAN 7277 05:30:42,001 --> 05:30:44,000 PEOPLE. 7278 05:30:44,001 --> 05:30:45,000 WHAT'S BEST FOR MIDDLE-CLASS 7279 05:30:45,001 --> 05:30:48,000 FAMILIES. 7280 05:30:48,001 --> 05:30:50,000 THE PEOPLE WE ALL TALK ABOUT WHO 7281 05:30:50,001 --> 05:30:51,000 ARE PLAYING BY THE RULES AND 7282 05:30:51,001 --> 05:30:53,000 JUST WANT TO KNOW THEY'RE GOING 7283 05:30:53,001 --> 05:30:55,000 TO HAVE A FAIR SHOT TO BE ABLE 7284 05:30:55,001 --> 05:30:58,000 TO CARE FOR THEIR FAMILIES AND 7285 05:30:58,001 --> 05:31:01,000 BE SUCCESSFUL. 7286 05:31:01,001 --> 05:31:02,000 BUT AT EVERY ISSUE WE RUN INTO 7287 05:31:02,001 --> 05:31:04,000 ROADBLOCKS AND OPPOSITION FROM 7288 05:31:04,001 --> 05:31:05,000 THE OTHER SIDE BECAUSE THEY 7289 05:31:05,001 --> 05:31:08,000 BELIEVE, AND I BELIEVE IT'S AN 7290 05:31:08,001 --> 05:31:10,000 HONEST BELIEF, WE HEAR IT OVER 7291 05:31:10,001 --> 05:31:13,000 AND OVER AGAIN, THAT MORE TAX 7292 05:31:13,001 --> 05:31:15,000 CUTS FOR WEALTHY AMERICANS AND 7293 05:31:15,001 --> 05:31:17,000 LESS REGULATION IS ALWAYS THE ANSWER. 7294 05:31:17,001 --> 05:31:19,000 MR. PRESIDENT, IF THAT WERE 7295 05:31:19,001 --> 05:31:21,000 TRUE, GIVEN WHAT HAS HAPPENED IN 7296 05:31:21,001 --> 05:31:25,000 THE FORMER ADMINISTRATION WN 7297 05:31:25,001 --> 05:31:26,000 THEY CONTROLLED HOUSE AND THE 7298 05:31:26,001 --> 05:31:28,000 SENATE AND THE WHITE HOUSE, 7299 05:31:28,001 --> 05:31:29,000 THINGS WOULD BE GREAT. 7300 05:31:29,001 --> 05:31:32,000 I WISH THINGS WERE GREAT. 7301 05:31:32,001 --> 05:31:35,000 BUT THAT VIEW HAS NOT WORKED FOR 7302 05:31:35,001 --> 05:31:36,000 THE MAJORITY OF AMERICANS. 7303 05:31:36,001 --> 05:31:39,000 TODAY EVERY AMERICAN WITH A 7304 05:31:39,001 --> 05:31:41,000 TELEVISION SET CAN SEE THE 7305 05:31:41,001 --> 05:31:44,000 RESULTS OF THOSE BELIEFS. 7306 05:31:44,001 --> 05:31:46,000 WE HAD EIGHT YEARS OF THAT AND 7307 05:31:46,001 --> 05:31:48,000 WE CAN'T GO BACK. 7308 05:31:48,001 --> 05:31:49,000 BUT THIS ISN'T ONLY ABOUT THE 7309 05:31:49,001 --> 05:31:51,000 PAST. 7310 05:31:51,001 --> 05:31:53,000 IT'S ALSO ABOUT THE DIFFERENCES 7311 05:31:53,001 --> 05:31:54,000 WE DEBATE EVERY DAY I THE 7312 05:31:54,001 --> 05:31:56,000 SENATE. 7313 05:31:56,001 --> 05:31:58,000 IT'S ABOUT THIS WEEK, LAST WEEK, 7314 05:31:58,001 --> 05:32:02,000 AND I'M SURE NEXT WEEK. 7315 05:32:02,001 --> 05:32:05,000 IT'S REALLY ABOUT THE FUTURE. 7316 05:32:05,001 --> 05:32:08,000 WE NEED SOMEONE TO BE A CHECK ON 7317 05:32:08,001 --> 05:32:09,000 THE MINING AND THE OIL AND THE 7318 05:32:09,001 --> 05:32:12,000 BANKING INDUSTRIES. 7319 05:32:12,001 --> 05:32:15,000 WE NEED COMMONSENSE REGULATORS 7320 05:32:15,001 --> 05:32:20,000 WHO DON'T THINK THEY WORK FOR 7321 05:32:20,001 --> 05:32:21,000 THE INDUSTRY THEY'RE SPOSED TO OVERSEE. 7322 05:32:21,001 --> 05:32:23,000 AND THAT'S WHAT THIS NEW 7323 05:32:23,001 --> 05:32:24,000 ADMINISTRATION IS ABOUT AND WHAT 7324 05:32:24,001 --> 05:32:26,000 WE ARE ABOUT. 7325 05:32:26,001 --> 05:32:27,000 WE HAVE TO HOLD COMPANIES 7326 05:32:27,001 --> 05:32:29,000 ACCOUNTABLE WHEN THEY IGNORE THE 7327 05:32:29,001 --> 05:32:31,000 RULES AND PUT THE PUBLIC OR 7328 05:32:31,001 --> 05:32:33,000 THEIR WORKERS AT RISK. 7329 05:32:33,001 --> 05:32:35,000 WE HAVE TO MOVE AMERICA FORWARD 7330 05:32:35,001 --> 05:32:36,000 AND CONTINUE MAKE THE CHANGES 7331 05:32:36,001 --> 05:32:38,000 THAT THIS COUNTRY NEEDS. 7332 05:32:38,001 --> 05:32:39,000 THAT'S WHAT WE HAVE BEEN 7333 05:32:39,001 --> 05:32:41,000 FIGHTI FOR. 7334 05:32:41,001 --> 05:32:45,000 THAT'S WHAT ALL OF THE ACTIONS 7335 05:32:45,001 --> 05:32:47,000 WE HAVE TAKEN HAVE BEEN ABOUT 7336 05:32:47,001 --> 05:32:48,000 AND THAT'S WHAT WE WILL CONTINUE 7337 05:32:48,001 --> 05:32:49,000 TO DO. 7338 05:32:49,001 --> 05:32:51,000 BUT, MR. PRESIDENT, IT'S NOT 7339 05:32:51,001 --> 05:32:53,000 ABOUT GROWING THE GOVERNMENT. 7340 05:32:53,001 --> 05:32:55,000 WE KNOW THAT OVERREGULATION 7341 05:32:55,001 --> 05:32:58,000 ISN'T THE ANSWER EITHER. 7342 05:32:58,001 --> 05:33:01,000 BUT WE WANT THE GOVERNMENT WE 7343 05:33:01,001 --> 05:33:04,000 HAVE TO WORK. 7344 05:33:04,001 --> 05:33:08,000 AND THAT'S REALLY THE QUESTION. 7345 05:33:08,001 --> 05:33:10,000 WHO SHOULD OUR GOVERNMENT WORK FOR? 7346 05:33:10,001 --> 05:33:14,000 THE SPECIAL INTEREST? 7347 05:33:14,001 --> 05:33:16,000 THOSE WITH GREAT WEALTH AND 7348 05:33:16,001 --> 05:33:18,000 POWER OR FAMILIES WORKING HARD 7349 05:33:18,001 --> 05:33:19,000 TO MAKE ENDS MEET AN HOLD ON TO 7350 05:33:19,001 --> 05:33:21,000 THE AMERICAN DREAM? 7351 05:33:21,001 --> 05:33:23,000 SMALL BUSINESSES AND 7352 05:33:23,001 --> 05:33:24,000 ENTREPRENEURS WITH A GREAT IDEA, 7353 05:33:24,001 --> 05:33:26,000 PEOPLE WHO JUST WANT TO KNOW 7354 05:33:26,001 --> 05:33:28,000 THAT THE RULES ARE FAIR FOR THEM. 7355 05:33:28,001 --> 05:33:30,000 THAT IF THEY WORK HARD, THEY'LL 7356 05:33:30,001 --> 05:33:32,000 BE ABLE TO HAVE A JOB AND THEY 7357 05:33:32,001 --> 05:33:36,000 CAN BE SUCCESSFUL IN OUR ECONOMY. 7358 05:33:36,001 --> 05:33:39,000 FAMILIES WHO WANT TO KNOW THAT 7359 05:33:39,001 --> 05:33:43,000 SOMEBODY - THAT SOMEBODY'S MAKE 7360 05:33:43,001 --> 05:33:45,000 SURE THE RULES PROTECT THEIR 7361 05:33:45,001 --> 05:33:47,000 401(K), THEIR PENSION, THEIR 7362 05:33:47,001 --> 05:33:49,000 SAVINGS, THAT THEY CAN DRINK THE 7363 05:33:49,001 --> 05:33:51,000 WATER AND BREATHE THE AIR AND 7364 05:33:51,001 --> 05:33:53,000 EAT THE FOOD THAT THEY BUY 7365 05:33:53,001 --> 05:33:55,000 WITHOUT GETTING SICK. 7366 05:33:55,001 --> 05:33:58,000 AND, YES, WE ALL WANT TO BE ABLE 7367 05:33:58,001 --> 05:33:59,000 TO TRUST THAT SAFETY RULES ARE 7368 05:33:59,001 --> 05:34:00,000 ENFORCED IF YOU OR A LOVED ONE 7369 05:34:00,001 --> 05:34:03,000 7370 05:34:03,001 --> 05:34:07,000 WORK IN A MINE OR ON ON OIL 7371 05:34:07,001 --> 05:34:08,000 RIG -- OR ON AN OIL RIG OR IF 7372 05:34:08,001 --> 05:34:10,000 YOU'RE GETTING IN A CAR TO TAKE 7373 05:34:10,001 --> 05:34:11,000 YOUR KIDS TO THE SOCCER GAME. 7374 05:34:11,001 --> 05:34:13,000 WE ALL WANT TO TRUST WHEN WE 7375 05:34:13,001 --> 05:34:15,000 GIVE PERMITS TO DRILL IN OUR 7376 05:34:15,001 --> 05:34:19,000 PRECIOUS WATERS THAT WE'LL BE 7377 05:34:19,001 --> 05:34:21,000 LOOKING OUT FOR THE FISHING JOBS 7378 05:34:21,001 --> 05:34:23,000 AND OUR NATION'S TOURISM 7379 05:34:23,001 --> 05:34:27,000 INDUSTRY AND THAT WE WON'T ALLOW 7380 05:34:27,001 --> 05:34:29,000 RISKY DRILLING WITHOUT STRONG 7381 05:34:29,001 --> 05:34:32,000 COMMONSENSE REGULATION AND 7382 05:34:32,001 --> 05:34:33,000 ACCOUNTABILITY. 7383 05:34:33,001 --> 05:34:36,000 OUR COUNTRY CAN'T AFFORD TO GO 7384 05:34:36,001 --> 05:34:39,000 BACK TO THE BELIEFS THATTEE ATED 7385 05:34:39,001 --> 05:34:41,000 THE CRISES -- CREATED THE CRISES THAT PRESIDENT OBAMA AND THIS 7386 05:34:41,001 --> 05:34:45,000 CONGRESS HAVE BEEN FORCED TO 7387 05:34:45,001 --> 05:34:47,000 DEAL WITH EVERY DAY. 7388 05:34:47,001 --> 05:34:49,000 WE BELIEVE -- OUR MAJORITY 7389 05:34:49,001 --> 05:34:50,000 BELIEVES IT'S OUR PUBLIC 7390 05:34:50,001 --> 05:34:54,000 RESPONSIBILITY TO BE ON THE SIDE 7391 05:34:54,001 --> 05:34:56,000 OF THE AMERICAN PEOPLE AND 7392 05:34:56,001 --> 05:34:58,000 THAT'S WHAT EACH OF THESE 7393 05:34:58,001 --> 05:35:00,000 LEGISLATIVE BATTLES HERE IN 7394 05:35:00,001 --> 05:35:06,000 CONGRESS IS ALL ABOUT. 7395 05:35:06,001 --> 05:35:07,000 I YIELD THE FLOOR 7396 05:35:07,001 --> 05:35:08,000 A SENATOR: MR. PRESIDENT? 7397 05:35:08,001 --> 05:35:09,000 THE PRESIDING OFFICE 7398 05:35:09,001 --> 05:35:10,000 SENATOR FROM LOUISIANA. 7399 05:35:10,001 --> 05:35:13,000 MR. VITTER: THANK YOU, MR. PRESIDENT. 7400 05:35:13,001 --> 05:35:14,000 MR. PRESIDENT, I WELCOME 7401 05:35:14,001 --> 05:35:18,000 FOLLOWING MY DISTINGUISHED 7402 05:35:18,001 --> 05:35:20,000 COLLEAGUE FROM MICHIGAN AND HER 7403 05:35:20,001 --> 05:35:21,000 IMPASSIONED PLEA AGAINST 7404 05:35:21,001 --> 05:35:23,000 OBSTRUCTIONISM. 7405 05:35:23,001 --> 05:35:26,000 BECAUSE I'VE BEEN FACING THE 7406 05:35:26,001 --> 05:35:28,000 SAME CHALLENGES, IN PARTICULAR 7407 05:35:28,001 --> 05:35:32,000 WITH CERTAIN PROGRAMS THAT ARE 7408 05:35:32,001 --> 05:35:33,000 ABSOLUTELY CRUCIAL FOR FOR 7409 05:35:33,001 --> 05:35:34,000 LOUISIANA, -- CRUCIAL FOR 7410 05:35:34,001 --> 05:35:36,000 LOUISIANA, BUT MORE BROADLY FOR 7411 05:35:36,001 --> 05:35:37,000 THE COUNTRY. 7412 05:35:37,001 --> 05:35:39,000 ONE THAT IS ABSOLUTELY IMPORTANT 7413 05:35:39,001 --> 05:35:42,000 FOR ALL OF US IN LOUISIANA IS 7414 05:35:42,001 --> 05:35:43,000 THE NATIONAL FLOOD INSURANCE PROGRA 7415 05:35:43,001 --> 05:35:44,000 IT'S A NATIONAL PROGRAM. 7416 05:35:44,001 --> 05:35:45,000 IT'S IMPORTANT FOR OUR ECONOMY. 7417 05:35:45,001 --> 05:35:46,000 IT'S IMPORTANT FOR THE REAL 7418 05:35:46,001 --> 05:35:49,000 ESTATE INDUSTRY. 7419 05:35:49,001 --> 05:35:50,000 IT'S IMPORTANT FOR HOM HOMEOWNERS 7420 05:35:50,001 --> 05:35:52,000 AND CLOSINGS AROUND THE COUNTRY 7421 05:35:52,001 --> 05:35:54,000 FOR ECONOMIC ACTIVITY TO MOVE FORWARD. 7422 05:35:54,001 --> 05:35:57,000 PARTICULARLY WHEN WE NEED EVERY 7423 05:35:57,001 --> 05:35:59,000 BIT OF ECONOMIC ACTIVITY IN 7424 05:35:59,001 --> 05:36:01,000 THESE TOUGH TIMES OF RECESSION. 7425 05:36:01,001 --> 05:36:04,000 BUT IT'S REALLY IMPORTANT IN LOUISIANA. 7426 05:36:04,001 --> 05:36:06,000 WE FACE ENORMOUS FLOOD THREATS, 7427 05:36:06,001 --> 05:36:08,000 SO IT'S REALLY IMPORTANT THERE. 7428 05:36:08,001 --> 05:36:10,000 UNFORTUNATELY THIS NATIONAL -- 7429 05:36:10,001 --> 05:36:12,000 THE EXTENSION OF THE PRESENT 7430 05:36:12,001 --> 05:36:14,000 NATIONAL FLOOD INSURANCE 7431 05:36:14,001 --> 05:36:16,000 PROGRAM, WHICH EVERYONE, AS FAR 7432 05:36:16,001 --> 05:36:18,000 AS I KNOW SUPPORTS, IS BEING 7433 05:36:18,001 --> 05:36:20,000 HELD HOSTAGE, ESSENTIALLY, IN 7434 05:36:20,001 --> 05:36:22,000 THIS EXTENDERS BILL. 7435 05:36:22,001 --> 05:36:24,000 AND I'VE BEEN TRYING TO PRY IT 7436 05:36:24,001 --> 05:36:27,000 LOOSE FROM THAT SO WE CAN EXTEND 7437 05:36:27,001 --> 05:36:31,000 THE PROGRAM, NOT LET IT EXPIRE 7438 05:36:31,001 --> 05:36:32,000 AS IT HAS EXPIRED -- EXPIRED 7439 05:36:32,001 --> 05:36:33,000 JUNE 1st. 7440 05:36:33,001 --> 05:36:35,000 IT'S NOT IN OPERATION TODAY. 7441 05:36:35,001 --> 05:36:37,000 GET IT BACK IN PLACE. 7442 05:36:37,001 --> 05:36:40,000 GET IT FULLY EXTENDED THROUGH 7443 05:36:40,001 --> 05:36:42,000 THE REST OF THE CALENDAR YEAR. 7444 05:36:42,001 --> 05:36:44,000 NOW, I WOULD HAVE THOUGHT, MR. 7445 05:36:44,001 --> 05:36:46,000 PRESIDENT, THIS WOULD BE A NO BRAINER. 7446 05:36:46,001 --> 05:36:48,000 THIS WOULD BE CONSENSUS. 7447 05:36:48,001 --> 05:36:49,000 THIS WOULD NOT BE PARTISAN. 7448 05:36:49,001 --> 05:36:51,000 IT SHOULD NOT BE. 7449 05:36:51,001 --> 05:36:53,000 THIS IS A SIMPLE EXTENSION OF 7450 05:36:53,001 --> 05:36:54,000 THE NATIONAL FLOOD INSURANCE 7451 05:36:54,001 --> 05:36:57,000 PROGRAM. 7452 05:36:57,001 --> 05:36:59,000 WHAT'S MORE, MR. PRESIDENT, THIS 7453 05:36:59,001 --> 05:37:01,000 EXTENSION DOES NOT CREATE ANY 7454 05:37:01,001 --> 05:37:02,000 ADDITIONAL DEFICIT. 7455 05:37:02,001 --> 05:37:04,000 OBVIOUSLY A BIG PART OF THIS 7456 05:37:04,001 --> 05:37:08,000 DEBATE ABOUT THIS LARGER BILL ON 7457 05:37:08,001 --> 05:37:09,000 THE FLOOR IS ABOUT INCREASING 7458 05:37:09,001 --> 05:37:11,000 DEFICIT SPENDING. 7459 05:37:11,001 --> 05:37:13,000 LOTS OF FOLKS, INCLUDINGE, 7460 05:37:13,001 --> 05:37:14,000 HAVE REAL CONCERN ABOUT THAT. 7461 05:37:14,001 --> 05:37:17,000 I THINK THAT'S A LEGITIMATE 7462 05:37:17,001 --> 05:37:19,000 CONCERN ALL OF US HAVE AT SOME LEVEL. 7463 05:37:19,001 --> 05:37:21,000 THIS EXTENSION DOES NOT INCREASE 7464 05:37:21,001 --> 05:37:24,000 THE DEFICIT AT ALL. 7465 05:37:24,001 --> 05:37:25,000 AND, MR. PRESIDENT, I CAME TO 7466 05:37:25,001 --> 05:37:27,000 THE FLOOR BEFORE THE MEMORIAL 7467 05:37:27,001 --> 05:37:29,000 DAY RECESS BECAUSE I SAW THIS 7468 05:37:29,001 --> 05:37:31,000 TRAIN WRECK COMING. 7469 05:37:31,001 --> 05:37:33,000 ASK UNANIMOUS CONSENT TO 7470 05:37:33,001 --> 05:37:36,000 SIMPLY EXTEND THAT NATIONAL 7471 05:37:36,001 --> 05:37:38,000 FLOOD INSURANCE PROGRAM, NO 7472 05:37:38,001 --> 05:37:39,000 DEFICIT IMPACT, EXTEND IT BY 7473 05:37:39,001 --> 05:37:42,000 UNANIMOUS CONSENT UNTIL THE END 7474 05:37:42,001 --> 05:37:43,000 OF THE YEAR. 7475 05:37:43,001 --> 05:37:45,000 THE DISTINGUISHED MAJORITY 7476 05:37:45,001 --> 05:37:48,000 LEADER, SENATOR REID, OBJECTED. 7477 05:37:48,001 --> 05:37:49,000 I TRIED TO ENGAGE IN A 7478 05:37:49,001 --> 05:37:51,000 MEANINGFUL DEBATE, BECAUSE I 7479 05:37:51,001 --> 05:37:53,000 THINK THE AMERICAN PEOPLE 7480 05:37:53,001 --> 05:37:55,000 DESERVE IT ABOUT WHAT'S WRONG 7481 05:37:55,001 --> 05:37:57,000 WITH THE PROGRAM, WHAT'S WRONG 7482 05:37:57,001 --> 05:37:59,000 WITH THE EXTENSION, WHAT'S WRONG 7483 05:37:59,001 --> 05:38:01,000 WITH THE PROPOSAL? 7484 05:38:01,001 --> 05:38:03,000 NO DEFICIT IMPACT. 7485 05:38:03,001 --> 05:38:04,000 THE SILENCE FROM THE DISTINGUISHED MAJORITY LEADER 7486 05:38:04,001 --> 05:38:07,000 WAS DEAFENING. 7487 05:38:07,001 --> 05:38:09,000 HE JUST OBJECTED BECAUSE HE 7488 05:38:09,001 --> 05:38:12,000 COULD OBJECT, THAT'S HIS RIGHT. 7489 05:38:12,001 --> 05:38:14,000 NO EXPLANATION, NO JUSTIFICATION. 7490 05:38:14,001 --> 05:38:17,000 THE RESULT HAS BEEN THE TRAIN 7491 05:38:17,001 --> 05:38:20,000 WRECK I WAS TRYING TO AVOID. 7492 05:38:20,001 --> 05:38:22,000 THE PROGRAM EXPIRED ON JUNE 1st. 7493 05:38:22,001 --> 05:38:23,000 THE PROGRAM IS NOT IN PLACE 7494 05:38:23,001 --> 05:38:26,000 TODAY. 7495 05:38:26,001 --> 05:38:28,000 THAT IS STOPPING AND MAKING A 7496 05:38:28,001 --> 05:38:29,000 LOT MORE COMPLICATED REAL ESTATE 7497 05:38:29,001 --> 05:38:31,000 CLOSINGS. 7498 05:38:31,001 --> 05:38:33,000 PEOPLE TRYING TO BUY THEIR FIRST HOME. 7499 05:38:33,001 --> 05:38:35,000 PEOPLE TRYING TO BUY ANOTHER HOME. 7500 05:38:35,001 --> 05:38:37,000 LORD KNOWS WE NEED EVERY REAL 7501 05:38:37,001 --> 05:38:39,000 ESTATE CLOSING WE CAN TO HAPPEN 7502 05:38:39,001 --> 05:38:42,000 IN THIS ECONOMY. 7503 05:38:42,001 --> 05:38:44,000 WE CAN'T CREATE UNNECESSARY 7504 05:38:44,001 --> 05:38:47,000 BARRIERS TO THAT WHEN WE'RE 7505 05:38:47,001 --> 05:38:48,000 TRYING TO COME OUT OF THIS REAL 7506 05:38:48,001 --> 05:38:52,000 ESTATE-LED RECESSION. 7507 05:38:52,001 --> 05:38:55,000 AND, YET, THIS MAJORITY, 7508 05:38:55,001 --> 05:38:56,000 SENATE, THIS CONGRESS LET THAT 7509 05:38:56,001 --> 05:38:59,000 ABSOLUTELY CRUCIAL NATIONAL 7510 05:38:59,001 --> 05:39:01,000 FLOOD INSURANCE PROGRAM EXPIRE JUNE 1st. 7511 05:39:01,001 --> 05:39:03,000 SO HERE WE ARE AGAIN. 7512 05:39:03,001 --> 05:39:04,000 WELL, MR. PRESIDENT, MY PLEA IS 7513 05:39:04,001 --> 05:39:06,000 THE SAME. 7514 05:39:06,001 --> 05:39:08,000 EVERYONE, AS FAR AS I KNOW, 7515 05:39:08,001 --> 05:39:09,000 SUPPORTS THE EXTENSION OF THE 7516 05:39:09,001 --> 05:39:10,000 NATIONAL FLOOD INSURANCE 7517 05:39:10,001 --> 05:39:13,000 PROGRAM. 7518 05:39:13,001 --> 05:39:16,000 WHICH IS NOW EXPIRED. 7519 05:39:16,001 --> 05:39:19,000 EVERYONE, AS FAR AS I KNOW, 7520 05:39:19,001 --> 05:39:20,000 SAYS, RIGHTFULLY, THAT IT'S A 7521 05:39:20,001 --> 05:39:23,000 NECESSARY PROGRAM. 7522 05:39:23,001 --> 05:39:25,000 WE NEED TO REINSTATE TO GET THE 7523 05:39:25,001 --> 05:39:26,000 ECONOMY HUMMING AGAIN, TO MAKE?? 7524 05:39:26,001 --> 05:39:29,000 THESE REAL ESTATE CLOSINGS 7525 05:39:29,001 --> 05:39:32,000 EASIER, NOT HARDER, TO HELP 7526 05:39:32,001 --> 05:39:34,000 RECOVERY, NOT HINDER IT. 7527 05:39:34,001 --> 05:39:35,000 AND EVERYBODY ADMITS, INCLUDING 7528 05:39:35,001 --> 05:39:37,000 THE CONGRESSIONAL BUDGET OFFICE, 7529 05:39:37,001 --> 05:39:38,000 THERE IS ZERO DEFICIT IMPACT 7530 05:39:38,001 --> 05:39:40,000 WITH THIS EXTENSION. 7531 05:39:40,001 --> 05:39:41,000 IT'S A CLEAN EXTENSION. 7532 05:39:41,001 --> 05:39:44,000 IT DOES NOT INCREASE THE DEFICIT 7533 05:39:44,001 --> 05:39:46,000 IN ANY WAY. 7534 05:39:46,001 --> 05:39:47,000 SO LET'S DO THE RIGHT THING. 7535 05:39:47,001 --> 05:39:51,000 LET'S EXTEND THAT. 7536 05:39:51,001 --> 05:39:52,000 LET'S NOT MAKE SOMETHING 7537 05:39:52,001 --> 05:39:58,000 PARTISAN, THAT WHICH SHOULD NOT BE. 7538 05:39:58,001 --> 05:39:59,000 IT'S NOT AN IDEALOGICAL 7539 05:39:59,001 --> 05:40:01,000 DIFFERENCE. 7540 05:40:01,001 --> 05:40:02,000 MANY MEMBERS OF OUR COMMUNITY, 7541 05:40:02,001 --> 05:40:04,000 HOMEOWNERS, FOLKS IN THE REAL 7542 05:40:04,001 --> 05:40:05,000 ESTATE SECTOR STRONGLY SUPPORT 7543 05:40:05,001 --> 05:40:08,000 THIS EFFORT. 7544 05:40:08,001 --> 05:40:09,000 IN THAT VEIN, MR. PRESIDENT, I 7545 05:40:09,001 --> 05:40:11,000 WOULD ASK UNANIMOUS CONSENT TO 7546 05:40:11,001 --> 05:40:14,000 PUT IN THE RECORD THIS LETTER 7547 05:40:14,001 --> 05:40:15,000 FROM 22 TRADE ASSOCIATIONS, 7548 05:40:15,001 --> 05:40:18,000 INCLUDING THE NATIONAL 7549 05:40:18,001 --> 05:40:20,000 ASSOCIATION OF REALTORS AND MANY 7550 05:40:20,001 --> 05:40:23,000 OTHERS WHO STRONGLY SUPPORT THIS 7551 05:40:23,001 --> 05:40:25,000 SORT OF STAND ALONE EXCEPTION -- 7552 05:40:25,001 --> 05:40:26,000 EXCUSE ME STAND ALONE EXTENSION 7553 05:40:26,001 --> 05:40:27,000 OF THE PROGRAM. 7554 05:40:27,001 --> 05:40:28,000 AND I WOULD ASK UNANIMOUS 7555 05:40:28,001 --> 05:40:29,000 CONSENT TO SUBMIT THI LETTER 7556 05:40:29,001 --> 05:40:30,000 FOR THE RECORD. 7557 05:40:30,001 --> 05:40:31,000 THE PRESIDING FICER: WITHOUT 7558 05:40:31,001 --> 05:40:33,000 OBJECTION. 7559 05:40:33,001 --> 05:40:34,000 MR. VITTER: THANK YOU, MR. 7560 05:40:34,001 --> 05:40:37,000 PRESIDENT. 7561 05:40:37,001 --> 05:40:39,000 AND THE LETTER SAYS VERY SIMPLE. 7562 05:40:39,001 --> 05:40:41,000 IT SAYS THE TRUTH. 7563 05:40:41,001 --> 05:40:43,000 QUOTE, "THE FREQUENT LAPSES OF 7564 05:40:43,001 --> 05:40:45,000 THE NATIONAL FLOOD INSURANCE 7565 05:40:45,001 --> 05:40:47,000 PROGRAM ARE UNDERMINING 7566 05:40:47,001 --> 05:40:48,000 HOMEOWNERS AND COMMERCIAL 7567 05:40:48,001 --> 05:40:49,000 PROPERTY OWNER CONFIDENCE IN 7568 05:40:49,001 --> 05:40:52,000 THIS VITAL SYSTEM. 7569 05:40:52,001 --> 05:40:54,000 GIVEN THE FRAGILE STATE OF 7570 05:40:54,001 --> 05:40:55,000 RESIDENTIAL AN COMMERCIAL REAL 7571 05:40:55,001 --> 05:40:57,000 ESTATE -- AND COMMERCIAL REAL 7572 05:40:57,001 --> 05:40:58,000 ESTATE, CONGRESS SHOULD TAKE 7573 05:40:58,001 --> 05:41:00,000 IMMEDIATE ACTION TO RESTORE 7574 05:41:00,001 --> 05:41:02,000 CONFIDENCE IN THE NATIONAL FLOOD 7575 05:41:02,001 --> 05:41:04,000 INSURANCE PROGRAM THROUGH A 7576 05:41:04,001 --> 05:41:05,000 LONG-TERM STAND ALONE EXTENSION." 7577 05:41:05,001 --> 05:41:06,000 CLOSE QUOTE. 7578 05:41:06,001 --> 05:41:08,000 MR. PRESIDENT, THAT'S WHAT MY 7579 05:41:08,001 --> 05:41:11,000 STAND ALONE BILL IS. 7580 05:41:11,001 --> 05:41:12,000 NOT COMPLICATED, NOT CONTROVERSIAL. 7581 05:41:12,001 --> 05:41:13,000 SHOULDN'T BE. 7582 05:41:13,001 --> 05:41:14,000 NOT PARTISAN. 7583 05:41:14,001 --> 05:41:17,000 SHOULDN'T BE. 7584 05:41:17,001 --> 05:41:21,000 DOESN'T INCREASE THE DEFICIT IN 7585 05:41:21,001 --> 05:41:22,000 ANY WAY, SHAPE, OR FORM. 7586 05:41:22,001 --> 05:41:24,000 I WILL ASK WHAT I ASKED BEFORE 7587 05:41:24,001 --> 05:41:26,000 THE MEMORIAL DAY RECESS TRYING 7588 05:41:26,001 --> 05:41:27,000 TO AVOID THIS TRAIN WRECK WHICH 7589 05:41:27,001 --> 05:41:28,000 HAS NOW HAPPENED FOR OVER A 7590 05:41:28,001 --> 05:41:29,000 COUPLE OF WEEKS. 7591 05:41:29,001 --> 05:41:32,000 I ASK UNANIMOUS CONSENT THAT THE 7592 05:41:32,001 --> 05:41:35,000 SENATE PROCEED TO THE IMMEDIATE 7593 05:41:35,001 --> 05:41:38,000 CONSIDERATN OF CALENDAR NUMBER 7594 05:41:38,001 --> 05:41:41,000 372, WHICH IS MY BILL, S. 3347, 7595 05:41:41,001 --> 05:41:42,000 A BILL I INTRODUCED THAT EXTENDS 7596 05:41:42,001 --> 05:41:45,000 THE NATIONAL FLOOD INSURANCE 7597 05:41:45,001 --> 05:41:47,000 PROGRAM THROUGH DECEMBER 31, 2010. 7598 05:41:47,001 --> 05:41:50,000 AND THAT -- THAT BILL BE READ A 7599 05:41:50,001 --> 05:41:51,000 THIRD TIME AND PASSED AND THE 7600 05:41:51,001 --> 05:41:52,000 MOTION TO RECONSIDER BE LAID ON 7601 05:41:52,001 --> 05:41:53,000 THE TABLE. 7602 05:41:53,001 --> 05:41:54,000 THE PRESIDING OFFICER: IS THERE 7603 05:41:54,001 --> 05:41:56,000 OBJECTION? 7604 05:41:56,001 --> 05:41:58,000 MS. STABENOW: MR. PRESIDENT? 7605 05:41:58,001 --> 05:42:01,000 RESERVING THE RIGHT TO OBJECT. 7606 05:42:01,001 --> 05:42:02,000 LET ME JUST SAY THAT I -- I VERY 7607 05:42:02,001 --> 05:42:04,000 MUCH UNDERSTAND AND APPRECIATE 7608 05:42:04,001 --> 05:42:06,000 THE CONCERNS OF THE SENATOR. 7609 05:42:06,001 --> 05:42:07,000 THIS IS IN THE BILL THAT WE HAVE 7610 05:42:07,001 --> 05:42:10,000 IN FRONT OF US TODAY THAT WE 7611 05:42:10,001 --> 05:42:12,000 HOPE WILL BE PASSED TODAY. 7612 05:42:12,001 --> 05:42:14,000 THE COMPLETE LANGUAGE IS IN THE 7613 05:42:14,001 --> 05:42:16,000 BILL AND I UNDERSTAND HIS CONCERN. 7614 05:42:16,001 --> 05:42:18,000 I FEEL THE SAME ABOUT EXTENDING 7615 05:42:18,001 --> 05:42:20,000 UNEMPLOYMENT BENEFITS, WHICH 7616 05:42:20,001 --> 05:42:22,000 USUALLY IS OVERWHELMINGLY 7617 05:42:22,001 --> 05:42:24,000 SUPPORTED IN A BIPARTISAN BASIS, 7618 05:42:24,001 --> 05:42:26,000 BUT HAS BEEN HELD UP AS WELL. 7619 05:42:26,001 --> 05:42:28,000 I'VE BEEN IN THE SAME SITUATION ON THAT. 7620 05:42:28,001 --> 05:42:31,000 TO ME IT'S A NO BRAINER. 7621 05:42:31,001 --> 05:42:32,000 I'D LIVE TO SEE THAT EXTENDED AS WELL. 7622 05:42:32,001 --> 05:42:34,000 I WOULD HAVE LOVED TO HAVE SEEN 7623 05:42:34,001 --> 05:42:36,000 THAT EXTENDED A MONTH AGO. 7624 05:42:36,001 --> 05:42:37,000 BUT THE REALITY IS THESE ITEMS 7625 05:42:37,001 --> 05:42:39,000 HAVE BEEN PUT TOGETHER IN A 7626 05:42:39,001 --> 05:42:40,000 PACKAGE AND WE WILL HAVE THE 7627 05:42:40,001 --> 05:42:42,000 OPPORTUNITY, HOPEFULLY LATER 7628 05:42:42,001 --> 05:42:44,000 TODAY OR TOMORROW, TO VOTE ON 7629 05:42:44,001 --> 05:42:45,000 THAT AND SO ON BEHALF OF THE 7630 05:42:45,001 --> 05:42:46,000 LEADER, I WOULD OBJECT. 7631 05:42:46,001 --> 05:42:48,000 THE PRESIDING OFFICER: OBJECTION 7632 05:42:48,001 --> 05:42:50,000 IS HEARD. 7633 05:42:50,001 --> 05:42:52,000 MR. VITTER: WELL, MR. PRESIDENT, 7634 05:42:52,001 --> 05:42:53,000 AGAIN, I THINK IT'S REALLY A SHAME. 7635 05:42:53,001 --> 05:42:56,000 IF THE DISTINGUISHED SENATOR 7636 05:42:56,001 --> 05:43:00,000 FROM MICHIGAN WANTS TO PROPOUND 7637 05:43:00,001 --> 05:43:01,000 A U.C. TO SEPARATE UNEMPLOYMENT 7638 05:43:01,001 --> 05:43:02,000 INSURANCE, I'LL SUPPORT THAT. 7639 05:43:02,001 --> 05:43:03,000 I WON'T OBJECT. 7640 05:43:03,001 --> 05:43:06,000 I THINK IT'S A GOOD IDEA. 7641 05:43:06,001 --> 05:43:08,000 I THINK WE NEED TO COME 7642 05:43:08,001 --> 05:43:10,000 AROUND THINGS WE AGREE ON. 7643 05:43:10,001 --> 05:43:11,000 I THINK THOSE THINGS ARE AND 7644 05:43:11,001 --> 05:43:16,000 SHOULD BE BIPARTISAN AND WE 7645 05:43:16,001 --> 05:43:18,000 SHOULDN'T BEND OVER BACKWARDS TO 7646 05:43:18,001 --> 05:43:21,000 SOMEHOW MAKE THEM PARTISAN IN THIS SILLY GAME. 7647 05:43:21,001 --> 05:43:25,000 I WOULD SUPPORT THAT U.C. 7648 05:43:25,001 --> 05:43:26,000 I'M SORRY SHE CAN'T ON BEHALF OF 7649 05:43:26,001 --> 05:43:27,000 THE LEADER SUPPORT MINE. 7650 05:43:27,001 --> 05:43:28,000 I UNDERSTAND IT'S PART OF THE 7651 05:43:28,001 --> 05:43:30,000 LARGER BILL. 7652 05:43:30,001 --> 05:43:31,000 IT WAS 2 1/2 WEEKS AGO AND 7653 05:43:31,001 --> 05:43:33,000 THAT'S EXACTLY WHY THE PROGRAM 7654 05:43:33,001 --> 05:43:35,000 LAPSED ON JUNE 1st, BECAUSE IT 7655 05:43:35,001 --> 05:43:37,000 WAS PART OF THE LARGER BILL AND 7656 05:43:37,001 --> 05:43:39,000 THAT LARGER BILL WASN'T GOING TO 7657 05:43:39,001 --> 05:43:40,000 PASS THEN, DIDN'T PASS 7658 05:43:40,001 --> 05:43:41,000 YESTERDAY, PROBABLY ISN'T GOING 7659 05:43:41,001 --> 05:43:45,000 TO PASS TODAY. 7660 05:43:45,001 --> 05:43:47,000 AND IN THE MEAN TIME IT'S NOT 7661 05:43:47,001 --> 05:43:49,000 SOME THEORETICAL BILL THAT'S 7662 05:43:49,001 --> 05:43:51,000 BEING HELD HOSTAGE. 7663 05:43:51,001 --> 05:43:53,000 IT'S AMERICAN CITIZENS THAT ARE 7664 05:43:53,001 --> 05:43:55,000 BEING HELD HOSTAGE. 7665 05:43:55,001 --> 05:43:57,000 IT'S FIRST-TIME HOME BUYERS THAT 7666 05:43:57,001 --> 05:43:59,000 ARE BEING HELD HOSTAGE. 7667 05:43:59,001 --> 05:44:01,000 IT'S PEOPLE IN THE REAL ESTATE 7668 05:44:01,001 --> 05:44:03,000 INDUSTRY WHO NEED EVERY DARN 7669 05:44:03,001 --> 05:44:05,000 CLOSING THAT THEY CAN CLOSE THAT 7670 05:44:05,001 --> 05:44:08,000 ARE BEING HELD HOSTAGE AND IT'S 7671 05:44:08,001 --> 05:44:09,000 NOT RIGHT. 7672 05:44:09,001 --> 05:44:10,000 IT'S POLITICS AHEAD OF PEOPLE, 7673 05:44:10,001 --> 05:44:12,000 PURE AND SIMPLE. 7674 05:44:12,001 --> 05:44:15,000 SO I'M VERY SORRY THAT, AGAIN, 7675 05:44:15,001 --> 05:44:16,000 THE MAJORITY LEADER HAS REJECTED 7676 05:44:16,001 --> 05:44:19,000 THIS SIMPLE IDEA. 7677 05:44:19,001 --> 05:44:21,000 I'LL KEEP MAKING IT BECAUSE THIS 7678 05:44:21,001 --> 05:44:23,000 PROGRAM HAS NOW LAPSED. 7679 05:44:23,001 --> 05:44:25,000 IT DOESN'T EXIST RIGHT NOW SINCE 7680 05:44:25,001 --> 05:44:28,000 JUNE 1, AND THAT'S HURTING 7681 05:44:28,001 --> 05:44:29,000 PEOPLE AND THAT'S HURTING THE 7682 05:44:29,001 --> 05:44:30,000 ECONOMY. 7683 05:44:30,001 --> 05:44:32,000 NOW, MR. PRESIDENT, I WOULD ALSO 7684 05:44:32,001 --> 05:44:36,000 LIKE TO MOVE ON TO ANOTHER 7685 05:44:36,001 --> 05:44:38,000 ASPECT OF THIS BILL WHICH IS 7686 05:44:38,001 --> 05:44:42,000 HURTING PEOPLE, WHICH IS 7687 05:44:42,001 --> 05:44:44,000 PARTICULARLY OFFENSIVE TO ME 7688 05:44:44,001 --> 05:44:45,000 REPRESENTING LOUISIANA, WHICH IS 7689 05:44:45,001 --> 05:44:47,000 ONLY GETTING WORSE IN TERMS OF 7690 05:44:47,001 --> 05:44:50,000 THIS BILL GOING FROM ONE VERSION 7691 05:44:50,001 --> 05:44:52,000 TO ANOTHER, AND THAT IS THE 7692 05:44:52,001 --> 05:44:53,000 ASPECT OF THIS BILL ON THE 7693 05:44:53,001 --> 05:44:57,000 SENATE FLOOR THAT PERTAINS TO 7694 05:44:57,001 --> 05:45:00,000 THE OIL SPILL LIABILITY TRUST FUND. 7695 05:45:00,001 --> 05:45:02,000 MR. PRESIDENT, I REPRESENT LOUISIANA. 7696 05:45:02,001 --> 05:45:06,000 MORE IMPORTANTLY, I LIVE IN LOUISIANA. 7697 05:45:06,001 --> 05:45:08,000 I'M FOR OIL SPILL CLEANUP. 7698 05:45:08,001 --> 05:45:10,000 IF THERE IS ANYBODY IN THE 7699 05:45:10,001 --> 05:45:11,000 COUNTRY IN THE WORLD WHO IS FOR 7700 05:45:11,001 --> 05:45:12,000 THAT, NOBODY IS FOR THAT MORE 7701 05:45:12,001 --> 05:45:13,000 THAN FOLKS IN LOUISIANA, FOR 7702 05:45:13,001 --> 05:45:16,000 OBVIOUS REASONS. 7703 05:45:16,001 --> 05:45:19,000 I'M FOR A HEALTHY AND VIBRANT 7704 05:45:19,001 --> 05:45:22,000 OIL SPILL LIABILITY TRUST FUND. 7705 05:45:22,001 --> 05:45:24,000 THAT TRUST FUND HAS TO BE 7706 05:45:24,001 --> 05:45:26,000 INCREASED AND GROWN AND LOTS OF 7707 05:45:26,001 --> 05:45:29,000 THINGS ABOUT THE OIL POLLUTION 7708 05:45:29,001 --> 05:45:31,000 ACT ARE CLEARLY OUTDATED. 7709 05:45:31,001 --> 05:45:33,000 I WILL PUT FORWARD PROPOSALS TO UPDATE THOSE. 7710 05:45:33,001 --> 05:45:35,000 BUT UNFORTUNATELY, THAT'S NOT 7711 05:45:35,001 --> 05:45:37,000 WHAT'S GOING ON HERE. 7712 05:45:37,001 --> 05:45:39,000 IN THIS BILL, THERE WAS 7713 05:45:39,001 --> 05:45:41,000 INITIALLY AN INCREASE IN THE TAX 7714 05:45:41,001 --> 05:45:43,000 INTO THE OIL SPILL LIABILITY 7715 05:45:43,001 --> 05:45:47,000 TRUST FUND FROM EIGHT CENTS A 7716 05:45:47,001 --> 05:45:49,000 BARREL TO 41 CENTS A BARREL. 7717 05:45:49,001 --> 05:45:50,000 THAT'S OVER A FIVE-TIME INCREASE. 7718 05:45:50,001 --> 05:45:52,000 IF THAT WERE NEEDED FOR OIL 7719 05:45:52,001 --> 05:45:53,000 SPILL CLEANUP AND WAS GOING TO 7720 05:45:53,001 --> 05:45:55,000 BE USED FOR OIL SPILL CLEANUP, I 7721 05:45:55,001 --> 05:45:57,000 WOULD BE THE FIRST TO SAY GREAT. 7722 05:45:57,001 --> 05:45:59,000 THE PROBLEM IS IT WAS STUCK IN 7723 05:45:59,001 --> 05:46:02,000 THIS BILL, NOT FOR THAT REASON 7724 05:46:02,001 --> 05:46:05,000 AT ALL BUT TO BE STOLEN, THAT 7725 05:46:05,001 --> 05:46:06,000 MONEY TO BE STOLEN AND USED FOR 7726 05:46:06,001 --> 05:46:08,000 OTHER SPENDING. 7727 05:46:08,001 --> 05:46:10,000 AS SOON AS THAT MONEY WENT INTO 7728 05:46:10,001 --> 05:46:12,000 THE SO-CALLED TRUST FUND, IT WAS 7729 05:46:12,001 --> 05:46:13,000 GOING TO BE GRABBED OUT AND USED 7730 05:46:13,001 --> 05:46:16,000 FOR COMPLETELY UNRELATED 7731 05:46:16,001 --> 05:46:19,000 SPENDING, NOTHING TO DO WITH ANY OIL SPILL. 7732 05:46:19,001 --> 05:46:21,000 I HAD AN AMENDMENT ON THE FLOOR, 7733 05:46:21,001 --> 05:46:22,000 AND THE AMENDMENT WAS REAL 7734 05:46:22,001 --> 05:46:25,000 SIMPLE. 7735 05:46:25,001 --> 05:46:26,000 IT SAID DIDN'T DISRUPT THE TAX 7736 05:46:26,001 --> 05:46:28,000 INCREASE, DIDN'T TOUCH THAT. 7737 05:46:28,001 --> 05:46:29,000 IT SIMPLY SAID ANYTHING GOING 7738 05:46:29,001 --> 05:46:31,000 INTO THE OIL SPILL LIABILITY 7739 05:46:31,001 --> 05:46:33,000 TRUST FUND HAS TO BE USED TO 7740 05:46:33,001 --> 05:46:34,000 CLEAN UP OIL SPILLS. 7741 05:46:34,001 --> 05:46:37,000 A RADICAL IDEA. 7742 05:46:37,001 --> 05:46:38,000 AND NUMBER TWO, ANYTHING GOING 7743 05:46:38,001 --> 05:46:43,000 INTO THE OIL SPILL LIABILITY 7744 05:46:43,001 --> 05:46:45,000 TRUST FUND CANNOT BE USED AS AN 7745 05:46:45,001 --> 05:46:47,000 OFFSET, DOUBLE COUNTED, ENRON 7746 05:46:47,001 --> 05:46:48,000 ACCOUNTING TO MASK, TO HIDE 7747 05:46:48,001 --> 05:46:51,000 OTHER DEFICIT SPENDING WHICH IS 7748 05:46:51,001 --> 05:46:52,000 GOING ON IN THIS BILL. 7749 05:46:52,001 --> 05:46:56,000 UNFORTUNATELY, THAT AMENDMENT 7750 05:46:56,001 --> 05:46:57,000 WAS DEFEATED, BUT WE HAD A GOOD 7751 05:46:57,001 --> 05:47:00,000 VOTE, QUITE FRANKLY, AND I WANT 7752 05:47:00,001 --> 05:47:02,000 TO NOTE AND WANT TO THANK THE 7753 05:47:02,001 --> 05:47:04,000 CHAIRMAN, THE DEMOCRATIC, THE 7754 05:47:04,001 --> 05:47:05,000 MAJORITY CHAIRMAN OF THE BUDGET 7755 05:47:05,001 --> 05:47:06,000 COMMITTEE FOR VOTING YES ON 7756 05:47:06,001 --> 05:47:09,000 THAT. 7757 05:47:09,001 --> 05:47:11,000 I THINK HE VOTED YES BECAUSE OF 7758 05:47:11,001 --> 05:47:13,000 THE SIMPLE REALITY OF WHAT I'M 7759 05:47:13,001 --> 05:47:16,000 SAYING, THAT THAT MONEY SHOULD 7760 05:47:16,001 --> 05:47:17,000 ONLY BE USED TO CLEAN UP OIL 7761 05:47:17,001 --> 05:47:20,000 SPILLS, THAT THAT MONEY 7762 05:47:20,001 --> 05:47:21,000 SHOULDN'T BE DOUBLE COUNTED, 7763 05:47:21,001 --> 05:47:23,000 SHOULDN'T BE USED IN ENRON 7764 05:47:23,001 --> 05:47:26,000 ACCOUNTING TO OFFSET, TO MASK 7765 05:47:26,001 --> 05:47:27,000 OTHER COMPLETELY UNRELATED 7766 05:47:27,001 --> 05:47:31,000 DEFICIT SPENDING. 7767 05:47:31,001 --> 05:47:32,000 NOW, IN THE NEW VERSION OF THIS 7768 05:47:32,001 --> 05:47:33,000 SO-CALLED EXTENDERS BILL 7769 05:47:33,001 --> 05:47:36,000 RECENTLY UNVEILED, UNFORTUNATELY 7770 05:47:36,001 --> 05:47:38,000 WE'RE GOING FROM BAD TO WORSE 7771 05:47:38,001 --> 05:47:42,000 BECAUSE THEY JUST 7772 05:47:42,001 --> 05:47:44,000 TAX FROM 41 CENTS TO 49 CENTS. 7773 05:47:44,001 --> 05:47:45,000 ORIGINALLY, IT WAS EIGHT CENTS, 7774 05:47:45,001 --> 05:47:47,000 JUMPED TO 41 CENTS. 7775 05:47:47,001 --> 05:47:49,000 THAT'S OVER A FIVEFOLD INCREASE, 7776 05:47:49,001 --> 05:47:53,000 NOW TO 49 CENTS. 7777 05:47:53,001 --> 05:47:56,000 NOW, BETWEEN THOSE TWO VERSIONS 7778 05:47:56,001 --> 05:47:57,000 OF THE BILL, THEY ACTUALLY HAD 7779 05:47:57,001 --> 05:48:00,000 PRESIDENT OBAMA MEET WITH B.P 7780 05:48:00,001 --> 05:48:03,000 AND SET UP A HUGEST CROW FUND TO 7781 05:48:03,001 --> 05:48:06,000 MAKE SUR THAT B.P. IS THE 7782 05:48:06,001 --> 05:48:07,000 RESPONSIBLE PARTY OF THE -- 7783 05:48:07,001 --> 05:48:08,000 B.P., THE RESPONSIBLE PARTY OF 7784 05:48:08,001 --> 05:48:10,000 THE ONGOING SPILL, PAYS FOR 7785 05:48:10,001 --> 05:48:11,000 EVERYTHING, AS THEY ABSOLUTELY 7786 05:48:11,001 --> 05:48:13,000 SHOULD DO. 7787 05:48:13,001 --> 05:48:16,000 SO IN BETWEEN THE 41-CENT 7788 05:48:16,001 --> 05:48:17,000 VERSION OF THE BILL AND THE 7789 05:48:17,001 --> 05:48:19,000 49-CENT VERSION OF THE BILL, WE 7790 05:48:19,001 --> 05:48:21,000 SETP THIS ESCROW FUND TO 7791 05:48:21,001 --> 05:48:22,000 ENSURE, AS WE SHOULD, THAT B.P. 7792 05:48:22,001 --> 05:48:24,000 PAYS FOR EVERYTHING. 7793 05:48:24,001 --> 05:48:26,000 SO THE INCREASE HAS NOTHING TO 7794 05:48:26,001 --> 05:48:27,000 DO WITH THE REAL CRISIS IN THE 7795 05:48:27,001 --> 05:48:29,000 GULF. 7796 05:48:29,001 --> 05:48:31,000 THE INCREASE HAS TO DO WITH 7797 05:48:31,001 --> 05:48:32,000 POLITICS IN WASHINGTON BECAUSE 7798 05:48:32,001 --> 05:48:34,000 THAT FIRST VERSION OF THE BILL 7799 05:48:34,001 --> 05:48:36,000 DIDN'T GET THEOTES BECAUSE IT 7800 05:48:36,001 --> 05:48:38,000 HAD TOO MUCH DEFICIT SPENDING. 7801 05:48:38,001 --> 05:48:39,000 SO WHAT DO WE DO? 7802 05:48:39,001 --> 05:48:40,000 WE'RE GOING TO STE 7803 05:48:40,001 --> 05:48:43,000 WE'RE GOING TO OFFSET MORE OUT 7804 05:48:43,001 --> 05:48:46,000 OF THE OIL SPILL LIABILITY TRUST FUND. 7805 05:48:46,001 --> 05:48:49,000 AND THAT'S WHY IT WENT UP AGAIN 7806 05:48:49,001 --> 05:48:51,000 FROM 41 CENTS TO 49 CENTS. 7807 05:48:51,001 --> 05:48:53,000 WELL, MR. PRESIDENT, I'VE GOT TO 7808 05:48:53,001 --> 05:48:54,000 SAY I FIND ALL OF THAT PRETTY 7809 05:48:54,001 --> 05:48:57,000 DARN OFFENSIVE. 7810 05:48:57,001 --> 05:48:58,000 WE HAVE A REAL CRISIS IN THE 7811 05:48:58,001 --> 05:49:00,000 GULF. 7812 05:49:00,001 --> 05:49:02,000 IT'S AN ONGOING CRISIS BECAUSE 7813 05:49:02,001 --> 05:49:05,000 THE FLOW ISN'T STOPPED. 7814 05:49:05,001 --> 05:49:07,000 AND RATHE 7815 05:49:07,001 --> 05:49:11,000 REAL CRISIS THROUGH ACTION, SOME 7816 05:49:11,001 --> 05:49:14,000 FOLKS UP HERE ARE USING AND 7817 05:49:14,001 --> 05:49:16,000 ABUSING THAT CRISIS TO ADVANCE 7818 05:49:16,001 --> 05:49:18,000 THEIR OWN AGENDA, DEFICIT 7819 05:49:18,001 --> 05:49:19,000 SPENDING, UNRELATED SPENDING 7820 05:49:19,001 --> 05:49:20,000 THROUGH POLITICS. 7821 05:49:20,001 --> 05:49:22,000 I THINK THAT'S WRONG. 7822 05:49:22,001 --> 05:49:24,000 I THINK IT'S WRONG IN A PRETTY 7823 05:49:24,001 --> 05:49:25,000 RAW WAY, AND I FIND IT 7824 05:49:25,001 --> 05:49:27,000 OFFENSIVE. 7825 05:49:27,001 --> 05:49:29,000 I SAY THAT ON THE SENATE FLOOR. 7826 05:49:29,001 --> 05:49:31,000 GOING FROM BAD TO WORSE. 7827 05:49:31,001 --> 05:49:32,000 WE'RE NOW UNDER THE CURRENT 7828 05:49:32,001 --> 05:49:34,000 PROPOSAL, STEALING EVEN MORE 7829 05:49:34,001 --> 05:49:37,000 FROM THE OIL SPILL LIABILITY 7830 05:49:37,001 --> 05:49:40,000 TRUST FUND, USING IT EVEN MORE 7831 05:49:40,001 --> 05:49:44,000 TO MASK OTHER UNRELATED SPENDING. 7832 05:49:44,001 --> 05:49:45,000 WE HAVE A REAL CRISIS ON OUR 7833 05:49:45,001 --> 05:49:48,000 HANDS. 7834 05:49:48,001 --> 05:49:50,000 LET'S ADDRESS IT, LET'S NOT USE 7835 05:49:50,001 --> 05:49:51,000 AND ABUSE IT POLITICALLY. 7836 05:49:51,001 --> 05:49:53,000 WITH THAT, MR. PRESIDENT, I 7837 05:49:53,001 --> 05:49:54,000 YIELD THE FLOOR. 7838 05:49:54,001 --> 05:49:55,000 AND, MR. PRESIDENT, I SUGGEST 7839 05:49:55,001 --> 05:49:57,000 THE ABSENCE OF A QUORUM. 7840 05:49:57,001 --> 05:50:01,000 THE PRESIDING OFFICER: THE CLERK 7841 05:50:01,001 --> 05:54:27,000 WILL CALL THE ROLL. 7842 05:54:27,001 --> 05:54:28,000 QUORUM CALL: 7843 05:54:28,001 --> 05:54:29,000 A SENATOR: MR. PRESIDENT? 7844 05:54:29,001 --> 05:54:30,000 THE PRESIDING OFFICER: THE 7845 05:54:30,001 --> 05:54:32,000 SENATOR FROM FLORIDA 7846 05:54:32,001 --> 05:54:33,000 MR. LeMIEUX: I 7847 05:54:33,001 --> 05:54:34,000 QUORUM CALL BE 7848 05:54:34,001 --> 05:54:36,000 THE PRESIDING OFFICER: WITHOUT 7849 05:54:36,001 --> 05:54:38,000 OBJECTION. 7850 05:54:38,001 --> 05:54:39,000 MR. LeMIEUX: I 7851 05:54:39,001 --> 05:54:40,000 AMENDMENT AT THE DESK. 7852 05:54:40,001 --> 05:54:42,000 'S AMENDMENT 4300. 7853 05:54:42,001 --> 05:54:43,000 I ASK THAT IT BE CALLED UP. 7854 05:54:43,001 --> 05:54:44,000 THE PRESIDING OFFICER: THE CLERK WILL REPORT. 7855 05:54:44,001 --> 05:54:47,000 THE CLERK: THE SENATOR FROM 7856 05:54:47,001 --> 05:54:50,000 FLORIDA, MR. LeMIEUX, PROPOSES 7857 05:54:50,001 --> 05:54:52,000 AMENDMENT NUMBER 4300. 7858 05:54:52,001 --> 05:54:53,000 MR. LeMIEUX: I ASK THAT WE DISPENSE WITH THE READING OF THE 7859 05:54:53,001 --> 05:54:54,000 AMENDMENT. 7860 05:54:54,001 --> 05:54:55,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 7861 05:54:55,001 --> 05:54:57,000 MR. LeMIEUX: MR. PRESIDENT, I 7862 05:54:57,001 --> 05:54:58,000 HAVE OFFERED AMENDMENT 4300 TODAY. 7863 05:54:58,001 --> 05:55:00,000 IT IS A PIECE OF LEGISLATION 7864 05:55:00,001 --> 05:55:01,000 THAT SENATOR WICKER AND SENATOR 7865 05:55:01,001 --> 05:55:03,000 RISCH AND SENATOR GREGG HAVE 7866 05:55:03,001 --> 05:55:06,000 JOINED ME IN, AND IT'S CALLED 7867 05:55:06,001 --> 05:55:08,000 THE 2007 SOLUTION. 7868 05:55:08,001 --> 05:55:11,000 MR. PRESIDENT, THE NUMBER ONE 7869 05:55:11,001 --> 05:55:13,000 PROBLEM FACING THIS COUNTRY IS 7870 05:55:13,001 --> 05:55:17,000 OUR OUT-OF-CONTROLPENDING. 7871 05:55:17,001 --> 05:55:19,000 IT IS TO A POINT THAT IT IS UNSUSTAINABLE. 7872 05:55:19,001 --> 05:55:20,000 MR. PRESIDENT, I AM NEW HERE TO 7873 05:55:20,001 --> 05:55:22,000 THE SENATE. 7874 05:55:22,001 --> 05:55:24,000 I CAME LAST SEPTEMBER. 7875 05:55:24,001 --> 05:55:27,000 MY BACKGROUND IS IN BUSINESS AS 7876 05:55:27,001 --> 05:55:29,000 WELLS AS IN -- AS WELL AS IN 7877 05:55:29,001 --> 05:55:31,000 STATE GOVERNMENT IN FLORIDA. 7878 05:55:31,001 --> 05:55:32,000 IN BOTH OF THOSE VENUES, I HAD 7879 05:55:32,001 --> 05:55:33,000 THE RESPONSIBILITY BOTH IN 7880 05:55:33,001 --> 05:55:35,000 CHAIRING A BUSINESS THAT I 7881 05:55:35,001 --> 05:55:36,000 HELPED TO RUN AS WELL AS BEING 7882 05:55:36,001 --> 05:55:40,000 THE GOVERNOR'S CHIEF OF STAFF IN 7883 05:55:40,001 --> 05:55:41,000 FLORIDA, TO MAKE SURE THAT ENDS MET. 7884 05:55:41,001 --> 05:55:43,000 IN THE BUSINESS THAT I WORKED 7885 05:55:43,001 --> 05:55:44,000 IN, I WOULD LOOK AT RECEIPTS AND 7886 05:55:44,001 --> 05:55:46,000 WE COULD ONLY SPEND AS MUCH 7887 05:55:46,001 --> 05:55:48,000 MONEY AS WE TOOK IN. 7888 05:55:48,001 --> 05:55:49,000 IN STATE GOVERNMENT, WE HAD A 7889 05:55:49,001 --> 05:55:50,000 BALANCED BUDGET REQUIREMENT, 7890 05:55:50,001 --> 05:55:52,000 HAVE A BALANCED BUDGET 7891 05:55:52,001 --> 05:55:55,000 REQUIREMENT IN FLORIDA. 7892 05:55:55,001 --> 05:55:57,000 WHEN THE ECONOMY WENT BAD IN 7893 05:55:57,001 --> 05:55:58,000 2007 WHEN WAS THE GOVERNOR'S 7894 05:55:58,001 --> 05:56:00,000 CHIEF OF STAFF, I WOULD BE ON 7895 05:56:00,001 --> 05:56:02,000 THE PHONE WITH THE BUDGET 7896 05:56:02,001 --> 05:56:03,000 PEOPLE, AND ALMOST WEEKLY 7897 05:56:03,001 --> 05:56:05,000 MONITORING HOW MUCH MONEY WAS 7898 05:56:05,001 --> 05:56:06,000 COMING IN BECAUSE I KNEW WE 7899 05:56:06,001 --> 05:56:07,000 COULD ONLY SPEND AS MUCH AS WE 7900 05:56:07,001 --> 05:56:09,000 HAD. 7901 05:56:09,001 --> 05:56:12,000 WE HAD THREE CHOICES IF REVENUES DECLINED. 7902 05:56:12,001 --> 05:56:13,000 WE COULD RAISE TAXES, WE COULD 7903 05:56:13,001 --> 05:56:14,000 CUT SPENDING OR WE COULD FIND A 7904 05:56:14,001 --> 05:56:16,000 NEW SOURCE OF REVENUE. 7905 05:56:16,001 --> 05:56:19,000 WE DID NOT HAVE THE OPTION OF 7906 05:56:19,001 --> 05:56:20,000 SPENDING MONEY WE DIDN'T HAVE. 7907 05:56:20,001 --> 05:56:23,000 SO I ALWAYS KNEW THAT THERE WAS 7908 05:56:23,001 --> 05:56:24,000 A PROBLEM IN WASHINGTON, THAT 7909 05:56:24,001 --> 05:56:26,000 WASHINGTON DIDN'T UNDERSTAND 7910 05:56:26,001 --> 05:56:28,000 THOSE BASIC DYNAMICS THAT 7911 05:56:28,001 --> 05:56:29,000 FAMILIES IN FLORIDA AND AROUND 7912 05:56:29,001 --> 05:56:31,000 THE COUNTRY HAVE TO DEAL WITH IN 7913 05:56:31,001 --> 05:56:33,000 TERMS OF MAKING ENDS MEET. 7914 05:56:33,001 --> 05:56:35,000 THE SAME DECISIONS THAT FAMILIES 7915 05:56:35,001 --> 05:56:37,000 MAKE AROUND THEIR KITCHEN TABLES 7916 05:56:37,001 --> 05:56:38,000 TO DECIDE WELL, WE CAN'T AFFORD 7917 05:56:38,001 --> 05:56:40,000 IT THIS MONTH, WE'RE GOING TO 7918 05:56:40,001 --> 05:56:41,000 HAVE TO PUT IT OFF UNTIL NEXT, 7919 05:56:41,001 --> 05:56:43,000 OR WE'RE GOING TO HAVE TO CUT 7920 05:56:43,001 --> 05:56:45,000 DOWN ON SOME OF THIS SPENDING SO 7921 05:56:45,001 --> 05:56:47,000 THAT WE MAKE SENSE OF OUR FISCAL HOUSE. 7922 05:56:47,001 --> 05:56:49,000 I KNEW THAT DIDN'T HAPPEN IN 7923 05:56:49,001 --> 05:56:52,000 WASHINGTON, BUT I NEVER KNEW THE 7924 05:56:52,001 --> 05:56:53,000 DEGREE TO WHICH IT DID NOT 7925 05:56:53,001 --> 05:56:55,000 HAPPEN. 7926 05:56:55,001 --> 05:56:57,000 WHEN I CAME HERE AND WAS SWORN 7927 05:56:57,001 --> 05:56:59,000 IN ON -- IN STEMBER OF LAST 7928 05:56:59,001 --> 05:57:01,000 YEAR, THE NATIONAL DEBT OF THIS 7929 05:57:01,001 --> 05:57:03,000 COUNTRY WAS \$12 TRILLION. 7930 05:57:03,001 --> 05:57:04,000 THAT IS A STAGGERING AMOUNT. 7931 05:57:04,001 --> 05:57:08,000 IT'S A NUMBER THAT'S HARD FOR US 7932 05:57:08,001 --> 05:57:09,000 TO GET OUR BRAINS AROUND. 7933 05:57:09,001 --> 05:57:10,000 A TRILLION DOLLARS, WHAT DOES IT 7934 05:57:10,001 --> 05:57:14,000 MEAN? 7935 05:57:14,001 --> 05:57:17,000 WELL, A TRILLION IS A THOUSAND 7936 05:57:17,001 --> 05:57:21,000 BILLION. 7937 05:57:21,001 --> 05:57:23,000 1 TRILLION DOLLARS. 7938 05:57:23,001 --> 05:57:25,000 A BILLION IS A THOUSAND MILLION. 7939 05:57:25,001 --> 05:57:26,000 JUST TO PUT IT IN SOME 7940 05:57:26,001 --> 05:57:27,000 PERSPECTIVE, IF YOU TOOK DOLLAR 7941 05:57:27,001 --> 05:57:29,000 BILLS AND LAID THEM ON THE FLOOR 7942 05:57:29,001 --> 05:57:31,000 SIDE BY SIDE, \$1 MILLION WOULD 7943 05:57:31,001 --> 05:57:33,000 COVER TWO FOOTBALL FIELDS. 7944 05:57:33,001 --> 05:57:35,000 \$1 BILLION WOULD COVER KEY WEST, 7945 05:57:35,001 --> 05:57:39,000 FLORIDA. 7946 05:57:39,001 --> 05:57:41,000 3.4 SQUARE MILES OF \$1 BILLS 7947 05:57:41,001 --> 05:57:42,000 CARPETING KEY WEST, FLORIDA. 7948 05:57:42,001 --> 05:57:44,000 \$1 TRILLION WOULD COVER RHODE 7949 05:57:44,001 --> 05:57:49,000 ISLAND TWICE. 7950 05:57:49,001 --> 05:57:51,000 IF YOU STACKED ONE TRILLION 7951 05:57:51,001 --> 05:57:54,000 OF \$1 BILLS ON THE GROUND TO THE 7952 05:57:54,001 --> 05:57:55,000 SKY, IT WOULD GO 600 MILES INTO THE SKY. 7953 05:57:55,001 --> 05:57:58,000 WHEN I CAME HERE IN SEPTEMBER, 7954 05:57:58,001 --> 05:57:59,000 THIS GOVERNMENT 7955 05:57:59,001 --> 05:58:00,000 OWED \$12 TRILLION IN MONEY THAT 7956 05:58:00,001 --> 05:58:01,000 IT SHOULDN'T HAVE SPENT IN THE 7957 05:58:01,001 --> 05:58:03,000 PAST, THAT IT COULDN'T AFFORD TO 7958 05:58:03,001 --> 05:58:04,000 SPEND AND WAS CARRYING THAT DEBT. 7959 05:58:04,001 --> 05:58:05,000 THAT WAS BAD ENOUGH. 7960 05:58:05,001 --> 05:58:08,000 BUT, MR. PRESIDENT, SINCEHE 7961 05:58:08,001 --> 05:58:11,000 TIME THAT THAT IS -- THAT TIME 7962 05:58:11,001 --> 05:58:13,000 HAS ECLIPSED, NOW WE'RE IN JIEWB 7963 05:58:13,001 --> 05:58:15,000 OF -- IN JUNE OF 2010. 7964 05:58:15,001 --> 05:58:18,000 NOW THE NATIONAL DEBT IS \$13 TRILLION. 7965 05:58:18,001 --> 05:58:21,000 IT HAS GONE UP \$1 TRILLION IN 7966 05:58:21,001 --> 05:58:24,000 LESS THAN A YEAR'S TIME. 7967 05:58:24,001 --> 05:58:26,000 IT TOOK 200 YEARS FOR THIS 7968 05:58:26,001 --> 05:58:29,000 COUNTRY TO AMASS ITS FIRST 7969 05:58:29,001 --> 05:58:33,000 TRILLION DOLLARS IN DEBT. 7970 05:58:33,001 --> 05:58:34,000 WE JUST DID ANOTHER \$1 TRILLION 7971 05:58:34,001 --> 05:58:39,000 IN LESS THAN ONE YEAR'S TIME. 7972 05:58:39,001 --> 05:58:40,000 RIGHT NOW IN OUR BUDGET, WE 7973 05:58:40,001 --> 05:58:43,000 SPEND \$200 BILLION A YEAR PAYING 7974 05:58:43,001 --> 05:58:46,000 INTEREST ON THE DEBT, ON 7975 05:58:46,001 --> 05:58:49,000 EXPENDITURES THAT WE SHOULD HAVE 7976 05:58:49,001 --> 05:58:50,000 MADE IN THE PAST, \$200 BILLION. 7977 05:58:50,001 --> 05:58:52,000 AT OUR CURRENT RATE OF SPENDING 7978 05:58:52,001 --> 05:58:56,000 AS PROJECTED BY THE WHITE HOUSE, 7979 05:58:56,001 --> 05:59:00,000 BY THE END OF THIS DECADE, WE'LL 7980 05:59:00,001 --> 05:59:02,000 SPEND \$900 BILLION A YEAR JUST 7981 05:59:02,001 --> 05:59:07,000 MAKING INTEREST PAYMENTS ON 7982 05:59:07,001 --> 05:59:08,000 DEBT. 7983 05:59:08,001 --> 05:59:09,000 BY 2020, IT IS ESTIMATED THAT 7984 05:59:09,001 --> 05:59:12,000 OUR DEBT, OUR NATIONAL DEBT, 7985 05:59:12,001 --> 05:59:16,000 WILL NOT BE \$13 TRILLION, IT 7986 05:59:16,001 --> 05:59:18,000 WILL BE \$25.7 TRILLION. 7987 05:59:18,001 --> 05:59:19,000 AND WHEN WE GET TO THAT POINT, 7988 05:59:19,001 --> 05:59:20,000 MR. PRESIDENT, OUR COUNTRY'S 7989 05:59:20,001 --> 05:59:22,000 GOING TO FAIL. 7990 05:59:22,001 --> 05:59:23,000 THIS IS NOT JUST A PROBLEM FOR 7991 05:59:23,001 --> 05:59:24,000 OUR CHILDREN OR OUR 7992 05:59:24,001 --> 05:59:27,000 GRANDCHILDREN. 7993 05:59:27,001 --> 05:59:28,000 IT IS A PROBLEM FOR ALL OF US. 7994 05:59:28,001 --> 05:59:30,000 \$900 BILLION -- THAT'S MORE THAN 7995 05:59:30,001 --> 05:59:32,000 WE SPEND FOR FIGHTING BOTH WARS 7996 05:59:32,001 --> 05:59:33,000 AND ALL OF THE EXPENDITURES FOR 7997 05:59:33,001 --> 05:59:35,000 THE DEFENSE DEPARTMENT RIGHT 7998 05:59:35,001 --> 05:59:37,000 NOW, AND WE'RE GOING TO BE 7999 05:59:37,001 --> 05:59:38,000 PAYING THAT JUST IN INTEREST? 8000 05:59:38,001 --> 05:59:41,000 AND PERHAPS MOST TROUBLING OF 8001 05:59:41,001 --> 05:59:45,000 ALL IS THIS FACT. 8002 05:59:45,001 --> 05:59:48,000 TODAY THE MONEY THAT WE TAKE IN 8003 05:59:48,001 --> 05:59:49,000 IN REVENUES IS ONLY ENOUGH TO 8004 05:59:49,001 --> 05:59:52,000 COVER SOCIAL SECURITY, MEDICARE, 8005 05:59:52,001 --> 05:59:55,000 AND MEDICAID, THE ENTITLEMENTS. 8006 05:59:55,001 --> 05:59:58,000 EVERY OTHER DOLLAR THAT WE SPEND 8007 05:59:58,001 --> 06:00:00,000 FOR ERY OTHER FUNIONF 8008 06:00:00,001 --> 06:00:01,000 GOVERNMENT, FROM THE MEN AND 8009 06:00:01,001 --> 06:00:04,000 WOMEN WHO KEEP US FREE AND SAFE 8010 06:00:04,001 --> 06:00:05,000 IN THE MILITARY TO THE F.A.A., 8011 06:00:05,001 --> 06:00:08,000 WHO GUIDES YOUR PLANE, TO THE 8012 06:00:08,001 --> 06:00:09,000 ROADS THAT YOU DRIVE ON, TO THE 8013 06:00:09,001 --> 06:00:11,000 DEPARTMENT OF LABOR, THE 8014 06:00:11,001 --> 06:00:12,000 DEPARTMENT OF COMMERCE, THE 8015 06:00:12,001 --> 06:00:16,000 DEPARTMENT OF AGRICULTURE -- EVERY OTHER FUNCTION OF 8016 06:00:16,001 --> 06:00:17,000 GOVERNMENT IS BORROWED. 8017 06:00:17,001 --> 06:00:19,000 IT IS UNSUSTAINABLE. 8018 06:00:19,001 --> 06:00:21,000 NOW, I'M NEW ENOUGH TO 8019 06:00:21,001 --> 06:00:23,000 WASHINGT 8020 06:00:23,001 --> 06:00:26,000 THIS IS NORMAL. 8021 06:00:26,001 --> 06:00:28,000 THIS STILL SEEMS BIZARRE TO ME. 8022 06:00:28,001 --> 06:00:30,000 AND WHAT THIS BODY AND WHAT THE 8023 06:00:30,001 --> 06:00:33,000 BODY DOWN THE HALL FAILS TO DO 8024 06:00:33,001 --> 06:00:35,000 IS TO SET PRIORITIES AND SAY, 8025 06:00:35,001 --> 06:00:36,000 YOU KNOW, WE'RE GOING TO AFFORD 8026 06:00:36,001 --> 06:00:37,000 THIS BUT WE CAN'T AFFORD THAT. 8027 06:00:37,001 --> 06:00:38,000 JUST LIKE FAMILIES DO. 8028 06:00:38,001 --> 06:00:40,000 JUST LIKE THE STATE GOVERNMENT 8029 06:00:40,001 --> 06:00:41,000 IN TALLAHASSEE DOES. 8030 06:00:41,001 --> 06:00:42,000 JUST LIKE BUSINESSES DO EVERY 8031 06:00:42,001 --> 06:00:43,000 DAY. 8032 06:00:43,001 --> 06:00:44,000 AND WE DON'T GO INTO THE 8033 06:00:44,001 --> 06:00:47,000 AGENCIES NOW THAT ARE SPENDING 8034 06:00:47,001 --> 06:00:48,000 ALL THIS MONEY AND SAY, ARE THEY 8035 06:00:48,001 --> 06:00:51,000 SPENDING MONEY ON THINGS THAT 8036 06:00:51,001 --> 06:00:52,000 ARE EFFECTIVE, EFFICIENT? 8037 06:00:52,001 --> 06:00:53,000 ARE THEY GETTING BANG FOR THE 8038 06:00:53,001 --> 06:00:54,000 BUCK? NO. 8039 06:00:54,001 --> 06:00:57,000 WHAT WE DO IN WASHINGTON IS WE 8040 06:00:57,001 --> 06:00:58,000 JUST CREATE NEW PROGRAMS. 8041 06:00:58,001 --> 06:01:01,000 WE JUST PASSED THIS FINANCIAL 8042 06:01:01,001 --> 06:01:03,000 REGULATORY REFORM BILL, AND 8043 06:01:03,001 --> 06:01:05,000 INSTEAD OF FIRING ALL THE PEOPLE 8044 06:01:05,001 --> 06:01:07,000 AT THE S.E.C. WHO FAILED TO DO 8045 06:01:07,001 --> 06:01:08,000 THEIR JOB IN POLICING WALL 8046 06:01:08,001 --> 06:01:09,000 STREET, WE CREATE A NEW 8047 06:01:09,001 --> 06:01:11,000 GOVERNMENTAL INSTITUTION BECAUSE 8048 06:01:11,001 --> 06:01:13,000 THAT'S WHAT WASHINGTON DOES. 8049 06:01:13,001 --> 06:01:16,000 MORE AND MORE LAYERS OF 8050 06:01:16,001 --> 06:01:20,000 GOVERNMENT ON TOP OF GOVERNMENT, 8051 06:01:20,001 --> 06:01:21,000 NOBODY LOOKING TO SEE WHAT 8052 06:01:21,001 --> 06:01:22,000 GOVERNMENT IS DOING NOW AND 8053 06:01:22,001 --> 06:01:24,000 WHETHER YOUR TAX DOLLARS ARE 8054 06:01:24,001 --> 06:01:25,000 BEING SPENT EFFECTIVELY AND 8055 06:01:25,001 --> 06:01:26,000 EFFICIENTLY. 8056 06:01:26,001 --> 06:01:30,000 BECAUSE THERE'S NO MECHANISM IN 8057 06:01:30,001 --> 06:01:31,000 PLACE TO BALANCE THE BUDGET. 8058 06:01:31,001 --> 06:01:33,000 NOW, I WISH WE HAD A BALANCED 8059 06:01:33,001 --> 06:01:34,000 BUDGET AMENDMENT. 8060 06:01:34,001 --> 06:01:35,000 I WISH WE HAD TO DO WHAT OUR 8061 06:01:35,001 --> 06:01:37,000 STATES HAD TO DO. 8062 06:01:37,001 --> 06:01:39,000 THIS PAST SPRING IN FLORIDA OUR 8063 06:01:39,001 --> 06:01:41,000 STATE LEADERS HAD TO SIT DOWN 8064 06:01:41,001 --> 06:01:42,000 WHEN THERE WAS LESS REVENUES 8065 06:01:42,001 --> 06:01:43,000 THAN THERE WERE IN THE PAST AND 8066 06:01:43,001 --> 06:01:44,000 THEY HAD TO MAKE DECISIONS ABOUT 8067 06:01:44,001 --> 06:01:45,000 WHAT TO CUT. 8068 06:01:45,001 --> 06:01:48,000 THAT'S WHAT LEADERS DO. 8069 06:01:48,001 --> 06:01:50,000 WE DON'T DO THAT IN WASHINGTON. BUT, MR. PRESIDENT, I HAVE A 8070 06:01:50,001 --> 06:01:53,000 AMENDMENT, A PROPOSAL THAT WOULD 8071 06:01:53,001 --> 06:01:55,000 GET US INTO A MECHANISM TO AT 8072 06:01:55,001 --> 06:01:57,000 LEAST HAVE THE DEBATE ABOUT HOW 8073 06:01:57,001 --> 06:01:59,000 WE CAN SAVE THIS COUNTRY BY 8074 06:01:59,001 --> 06:02:01,000 STEMMING THIS UNCONTROLLABLE SPENDING. 8075 06:02:01,001 --> 06:02:05,000 IT'S CALLED THE 2007 SOLUTION. 8076 06:02:05,001 --> 06:02:07,000 IT WOULD REQUIRE THIS SIMPLY. 8077 06:02:07,001 --> 06:02:08,000 EACH YEAR, THE MAJORITY LEADER 8078 06:02:08,001 --> 06:02:11,000 WILL BE REQUIRED TO OFFER A 8079 06:02:11,001 --> 06:02:12,000 PIECE OF LEGISLATION THAT WOULD 8080 06:02:12,001 --> 06:02:15,000 HAVE 50 HOURS OF DEBATE WHERE WE 8081 06:02:15,001 --> 06:02:17,000 WOULD HAVE TO GO BACK TO 2007 8082 06:02:17,001 --> 06:02:19,000 SPENDING LEVELS. 8083 06:02:19,001 --> 06:02:20,000 WHY 2007? 8084 06:02:20,001 --> 06:02:23,000 WELL, 2007 WAS THE LAST YEAR 8085 06:02:23,001 --> 06:02:24,000 THAT WE HAD A ROBUST ECONOMY. 8086 06:02:24,001 --> 06:02:28,000 IT WASN'T UNTIL DECEMBER OF THAT 8087 06:02:28,001 --> 06:02:29,000 YEAR THAT WE ENTERED INTO A 8088 06:02:29,001 --> 06:02:31,000 RECESSION. 8089 06:02:31,001 --> 06:02:33,000 WHEN I TALKED WITH MOST FLORIDIANS, THEY WOULD BEAPPY 8090 06:02:33,001 --> 06:02:36,000 TO HAVE THE MONEY THAT THEY MADE 8091 06:02:36,001 --> 06:02:39,000 IN 2007 AS INCOME IN 2010. 8092 06:02:39,001 --> 06:02:40,000 IT WAS BEFORE THE STIMULUS. 8093 06:02:40,001 --> 06:02:42,000 IT SHOULD BE ENOUGH FOR US TO 8094 06:02:42,001 --> 06:02:43,000 LIVE OFF OF. 8095 06:02:43,001 --> 06:02:45,000 AND IT'S NOT LIKE THINGS WERE 8096 06:02:45,001 --> 06:02:46,000 BEING DONE EFFICIENTLY, 8097 06:02:46,001 --> 06:02:48,000 EFFECTIVE UNTIL 2007. 8098 06:02:48,001 --> 06:02:49,000 IT'S NOT LIKE SOMEONE WAS GOING 8099 06:02:49,001 --> 06:02:52,000 INTO THE AGENCIES TRYING TO CHOP 8100 06:02:52,001 --> 06:02:53,000 OUT WASTE A ABUSE, SET PRIORITIES. 8101 06:02:53,001 --> 06:02:54,000 IT WASN'T BEING DONE THERE 8102 06:02:54,001 --> 06:02:55,000 EITHER. 8103 06:02:55,001 --> 06:02:57,000 SO THERE SHOULD BE PLENTY OF 8104 06:02:57,001 --> 06:03:01,000 WIGGLE ROOM. 8105 06:03:01,001 --> 06:03:05,000 SO IF WE GO BACK TO 2007 LEVELS 8106 06:03:05,001 --> 06:03:07,000 SPENDING AT \$2.729 TRILLION, BY 8107 06:03:07,001 --> 06:03:14,000 2013, WE BALANCE THE BUDGET, AND 8108 06:03:14,001 --> 06:03:15,000 BY 2020, INSTEAD OF HAVING A 8109 06:03:15,001 --> 06:03:17,000 \$25.7 TRILLION NATIONAL DEBT, WE 8110 06:03:17,001 --> 06:03:18,000 CUT THE CURRENT NATIONAL DEBT IN 8111 06:03:18,001 --> 06:03:21,000 HALF, IT WILL BE SOMHERE 8112 06:03:21,001 --> 06:03:23,000 AROUND \$6 TRILLION AND WE'D SAVE AMERICA. 8113 06:03:23,001 --> 06:03:24,000 SO WHAT THIS AMENDMENT DOES, 8114 06:03:24,001 --> 06:03:25,000 WHAT THIS PROPOSAL DOES IS 8115 06:03:25,001 --> 06:03:27,000 REQUIRES THE MAJORITY LEADER TO 8116 06:03:27,001 --> 06:03:29,000 OFFER AN AMENDMENT WHERE WE WILL 8117 06:03:29,001 --> 06:03:30,000 HAVE 50 HOURS OF DEBATE ON THE 8118 06:03:30,001 --> 06:03:33,000 FLOOR OF THE SATE, AS THEY 8119 06:03:33,001 --> 06:03:35,000 WILL IN THE HOUSE, TO SET 8120 06:03:35,001 --> 06:03:36,000 SPENDING LEVELS AT 2007 LEVELS. 8121 06:03:36,001 --> 06:03:37,000 AND GUESS WHAT WE'RE GOING TO 8122 06:03:37,001 --> 06:03:40,000 HAVE TO DO THEN? 8123 06:03:40,001 --> 06:03:41,000 WE'RE GOING TO HAVE TO BE ADULTS 8124 06:03:41,001 --> 06:03:42,000 ADULTS, WE'RE GOING TO HAVE TO 8125 06:03:42,001 --> 06:03:43,000 BE LEADERS AND WE'RE GOING TO 8126 06:03:43,001 --> 06:03:45,000 HAVE TO MAKE DECISIONS ABOUT 8127 06:03:45,001 --> 06:03:46,000 WHAT'S IMPORTANT. 8128 06:03:46,001 --> 06:03:49,000 THE \$90 BILLION THAT WASHINGTON 8129 06:03:49,001 --> 06:03:51,000 SPENDS EVERY YEAR TO SUBSIDIZE DIFFERENT BUSINESSES AROUND THIS 8130 06:03:51,001 --> 06:03:53,000 COUNTRY, IS THAT IMPORTANT? 8131 06:03:53,001 --> 06:03:56,000 THE BILLIONS OF DOLLARS THAT GO 8132 06:03:56,001 --> 06:03:59,000 INTO EARMARKS, ARE THEY IMPORTANT? 8133 06:03:59,001 --> 06:04:04,000 COULD WE NOT CUT 10% FROM EACH 8134 06:04:04,001 --> 06:04:05,000 AGENCY, 20% FROM EACH AGENCY? 8135 06:04:05,001 --> 06:04:07,000 THE HUNDRED BILLION DOLLARS OF 8136 06:04:07,001 --> 06:04:09,000 MEDICARE FRAUD A YEAR, COULD WE 8137 06:04:09,001 --> 06:04:10,000 NOT COMBAT THAT? 8138 06:04:10,001 --> 06:04:11,000 WOULD WE NOT THEN HAVE A 8139 06:04:11,001 --> 06:04:14,000 MOTIVATION, AN IMPETUS TO 8140 06:04:14,001 --> 06:04:15,000 ACTUALLY START DOING BETTER BY 8141 06:04:15,001 --> 06:04:17,000 THE AMERICAN PEOPLE AND WATCHING 8142 06:04:17,001 --> 06:04:18,000 THE DOLLARS THAT THEY SENT TO US 8143 06:04:18,001 --> 06:04:22,000 AND SPENDING THEM AS IF THEY 8144 06:04:22,001 --> 06:04:24,000 WERE OUR OWN AND DOING IT 8145 06:04:24,001 --> 06:04:25,000 WISELY? 8146 06:04:25,001 --> 06:04:26,000 MY AMENDMENT DOESN'T SAY WHAT 8147 06:04:26,001 --> 06:04:28,000 S TO BE CUT. 8148 06:04:28,001 --> 06:04:29,000 IT DOES STAY THERE WON'T BE ANY 8149 06:04:29,001 --> 06:04:30,000 TAX INCREASES. 8150 06:04:30,001 --> 06:04:32,000 WE DON'T NEED TO CREATE MORE 8151 06:04:32,001 --> 06:04:33,000 REVENUE AND CREATE MORE OF A 8152 06:04:33,001 --> 06:04:35,000 PROBLEM, BECAUSE, TRUST ME, IF 8153 06:04:35,001 --> 06:04:37,000 WE CREATE MORE REVENUE, THIS 8154 06:04:37,001 --> 06:04:39,000 CONGRESS WILL JUST SPEND IT. 8155 06:04:39,001 --> 06:04:43,000 WE DON'T HAVE A REVENUE PROBLEM, 8156 06:04:43,001 --> 06:04:45,000 WE HAVE A SPENDING PROBLEM. 8157 06:04:45,001 --> 06:04:47,000 SO LET'S HAVE THIS DEBATE. 8158 06:04:47,001 --> 06:04:49,000 WHO'S AFRAID OF A DISCUSSION? 8159 06:04:49,001 --> 06:04:50,000 LET'S GO BACK AND FORTH AND SAY 8160 06:04:50,001 --> 06:04:51,000 WHAT WE COULD CUT. 8161 06:04:51,001 --> 06:04:52,000 SHOULD WE CUT THINGS IN THE 8162 06:04:52,001 --> 06:04:53,000 DEPARTMENT OF DEFENSE? 8163 06:04:53,001 --> 06:04:54,000 IS THERE NOT WASTE, FRAUD AND 8164 06:04:54,001 --> 06:04:56,000 ABUSE IN THE DEPARTMENT OF DEFENSE? 8165 06:04:56,001 --> 06:04:57,000 SURE, THERE I 8166 06:04:57,001 --> 06:04:59,000 LET'S CUT IT. 8167 06:04:59,001 --> 06:05:00,000 SECRETARY GATES WANTS TO CUT SPENDING IN DEFENSE. 8168 06:05:00,001 --> 06:05:03,000 NO ONE WANTS TO CUT OUR 8169 06:05:03,001 --> 06:05:04,000 CAPABILITIES, BUT ARE THERE 8170 06:05:04,001 --> 06:05:06,000 THINGS THAT WE COULD DO WITHOUT 8171 06:05:06,001 --> 06:05:07,000 AND DO THINGS MORE EFFICIENTLY? 8172 06:05:07,001 --> 06:05:10,000 NOT JUST DEFENSE BUT EVERY 8173 06:05:10,001 --> 06:05:11,000 DEPARTMENT OF GOVERNMENT. 8174 06:05:11,001 --> 06:05:16,000 THERE'S 100,000 PEOPLE WORKING 8175 06:05:16,001 --> 06:05:17,000 AT THE DEPARTM AGRICULTURE. 8176 06:05:17,001 --> 06:05:20,000 BY BEST ESTIMATE, AND IT'S 8177 06:05:20,001 --> 06:05:23,000 REALLY -- IT'S LESS THAN THIS -- 8178 06:05:23,001 --> 06:05:25,000 1 OUT OF EVERY 30, THERE'S 1 8179 06:05:25,001 --> 06:05:27,000 PERS DEPARTMENT OF 8180 06:05:27,001 --> 06:05:28,000 AGRICULTURE, FOR EVERY 30 8181 06:05:28,001 --> 06:05:29,000 FARMERS. 8182 06:05:29,001 --> 06:05:30,000 WHAT ARE ALL THESE PEOPLE DOING? 8183 06:05:30,001 --> 06:05:31,000 HAS SOMEONE REALLY LOOKED UNDER 8184 06:05:31,001 --> 06:05:33,000 THE HOOD AT THAT AGENCY. 8185 06:05:33,001 --> 06:05:34,000 THE PRESIDENT IS NOW ASKING ALL 8186 06:05:34,001 --> 06:05:36,000 THE AGENCY HEADS, THE CABINET 8187 06:05:36,001 --> 06:05:38,000 MEMBERS TO LOOK FOR 5% CUTS, 8188 06:05:38,001 --> 06:05:40,000 SOME OF WHICH WOULD GO TOWARDS 8189 06:05:40,001 --> 06:05:41,000 DEFICIT REDUCTION, SOME WHICH 8190 06:05:41,001 --> 06:05:42,000 WOULD GO TO OTHER PROGRAMS THEY 8191 06:05:42,001 --> 06:05:44,000 COULD SPEND MONEY ON. 8192 06:05:44,001 --> 06:05:45,000 WHEN'S THE LAST TIME WE CUT ANY AGENCY? 8193 06:05:45,001 --> 06:05:47,000 YOU KNOW, WE HAVEN'T HAD FISCAL 8194 06:05:47,001 --> 06:05:49,000 SAN KNIT THE CONGRESS SINCE THE 8195 06:05:49,001 --> 06:05:50,000 MID-1990'S WHEN WE BALANCED THE 8196 06:05:50,001 --> 06:05:55,000 BUDGET. 8197 06:05:55,001 --> 06:05:56,000 WE'RE TALKING 13 YEARS, 14 8198 06:05:56,001 --> 06:05:59,000 YEARS. SOMEONE NEEDS TO LOOK UNDER THE 8199 06:05:59,001 --> 06:06:00,000 HOOD OF THESE AGENCIES AND SET 8200 06:06:00,001 --> 06:06:02,000 PRIORITIES. 8201 06:06:02,001 --> 06:06:03,000 THIS AMENDMENT WILL REQUIRE THAT 8202 06:06:03,001 --> 06:06:04,000 DISCUSSION TO HAPPEN. 8203 06:06:04,001 --> 06:06:05,000 WE'RE GOING TO HAVE TO LOOK AT 8204 06:06:05,001 --> 06:06:07,000 THE ENTITLEMENT PROGRAMS. 8205 06:06:07,001 --> 06:06:08,000 WE'RE GOING TO HAVE TO LOOK AT MEDICARE. 8206 06:06:08,001 --> 06:06:09,000 WE'RE GOING TO HAVE TO LOOK AT 8207 06:06:09,001 --> 06:06:11,000 SOCIAL SECURITY. 8208 06:06:11,001 --> 06:06:12,000 THIS IS NOT A POPULAR THING TO 8209 06:06:12,001 --> 06:06:13,000 TALK ABOUT. 8210 06:06:13,001 --> 06:06:14,000 YOU'RE NOT GOING TO SEE MY 8211 06:06:14,001 --> 06:06:16,000 COLLEAGUES COME TO THE FLOOR OF 8212 06:06:16,001 --> 06:06:17,000 THIS BODY AND TALK ABOUT 8213 06:06:17,001 --> 06:06:19,000 FORMING ENTITLEMENTS BECAUSE 8214 06:06:19,001 --> 06:06:21,000 IT'S POLITICALLY DANGEROUS. 8215 06:06:21,001 --> 06:06:22,000 BUT THE TRUTH IS, IF WE DON'T 8216 06:06:22,001 --> 06:06:26,000 REFORM THEM, TY'RE NOT GOING 8217 06:06:26,001 --> 06:06:28,000 TO BE THERE FOR OUR SENIORS IN 8218 06:06:28,001 --> 06:06:30,000 THE GENERATIONS THAT FOLLOW. 8219 06:06:30,001 --> 06:06:31,000 WE'RE GOING TO HAVE TO HAVE THE 8220 06:06:31,001 --> 06:06:32,000 COURAGE OF OUR CONVICTIONS. 8221 06:06:32,001 --> 06:06:34,000 WE'RE GOING TO HAVE TO CARE 8222 06:06:34,001 --> 06:06:38,000 ABOUT THE NEXT GENERATION MORE 8223 06:06:38,001 --> 06:06:39,000 THAN WE CARE ABOUT THE NEXT 8224 06:06:39,001 --> 06:06:42,000 ELECTION. 8225 06:06:42,001 --> 06:06:43,000 SO, MR. PRESIDENT, I HOPE THAT 8226 06:06:43,001 --> 06:06:45,000 THE 2007 SOLUTION WILL PASS. 8227 06:06:45,001 --> 06:06:47,000 IT DOES NOT REQUIRE THAT ANY 8228 06:06:47,001 --> 06:06:49,000 SPECIFIC PROGRAM BE CUT. 8229 06:06:49,001 --> 06:06:51,000 IT JUST REQUIRES THAT WE HAVE A 8230 06:06:51,001 --> 06:06:52,000 DEBATE ABOUT IT EVERY YEAR. 8231 06:06:52,001 --> 06:06:53,000 AND IF THE MAJORITY LEADER 8232 06:06:53,001 --> 06:06:54,000 DOESN'T INTRODUCE IT, THE 8233 06:06:54,001 --> 06:06:56,000 MINORITY LEADER CAN. 8234 06:06:56,001 --> 06:06:58,000 IF THE MINORITY LEADER DOESN'T 8235 06:06:58,001 --> 06:07:00,000 INTRODUCE IT, ANY SENATOR CAN. 8236 06:07:00,001 --> 06:07:02,000 50 HOURS OF PRIVILEGED DEBATE. 8237 06:07:02,001 --> 06:07:03,000 IT CAN GO THROUGH COMMITTEES BUT 8238 06:07:03,001 --> 06:07:09,000 ONLY FOR 30 DAYS SO IT DOESN'T 8239 06:07:09,001 --> 06:07:10,000 GET STUCK IN THE COMMITTEESMENT 8240 06:07:10,001 --> 06:07:13,000 COMMITTEESMENT -- COMMITTEES T. 8241 06:07:13,001 --> 06:07:14,000 WOULD REQUIRE THREE-FIFTHS IN 8242 06:07:14,001 --> 06:07:19,000 ORDER TO PASS. 8243 06:07:19,001 --> 06:07:21,000 THAT' PECULIARITY IN THE 8244 06:07:21,001 --> 06:07:22,000 SENATE, SO IT'S CONSISTENT WITH 8245 06:07:22,001 --> 06:07:23,000 THE HISTORY AND PRECEDENT OF 8246 06:07:23,001 --> 06:07:24,000 THIS BODY. 8247 06:07:24,001 --> 06:07:25,000 SO, MR. PRESIDENT, I WANT TO CONCLUDE WITH THIS. 8248 06:07:25,001 --> 06:07:29,000 FOR US TO BE HERE AND TO DO 8249 06:07:29,001 --> 06:07:31,000 ANYTHING ELSE WITHO TACKLING 8250 06:07:31,001 --> 06:07:33,000 THIS DEBT ISSUE IS UNFAIR TO THE 8251 06:07:33,001 --> 06:07:34,000 AMERICAN PEOPLE. 8252 06:07:34,001 --> 06:07:37,000 I'VE GOT FOUR LITTLE KIDS. 8253 06:07:37,001 --> 06:07:39,000 MY WIFE AND I JUST WELCOMED A 8254 06:07:39,001 --> 06:07:42,000 NEW DAUGHTER INTO THE WORLD. 8255 06:07:42,001 --> 06:07:43,000 WE HAVE -- IT'S A FIRST DAUGHTER 8256 06:07:43,001 --> 06:07:44,000 BECAUSE WE HAVE THREE YOUNG 8257 06:07:44,001 --> 06:07:46,000 SONS. 8258 06:07:46,001 --> 06:07:49,000 AND MY GREATT FEAR IS THAT MY 8259 06:07:49,001 --> 06:07:50,000 FOUR KIDS, OR ONE OF THE FOUR 8260 06:07:50,001 --> 06:07:51,000 KIDS, SOMEDAY WILL COME TO ME 8261 06:07:51,001 --> 06:07:53,000 AND SAY, "DAD, I'M MOVING TO A 8262 06:07:53,001 --> 06:07:55,000 FOREIGN COUNTRY. 8263 06:07:55,001 --> 06:07:57,000 I'M GOING TO GO TO BRAZIL OR 8264 06:07:57,001 --> 06:07:58,000 INDIA OR CHINA OR, PICK YOUR 8265 06:07:58,001 --> 06:07:59,000 COUNTRY, BECAUSE THE 8266 06:07:59,001 --> 06:08:00,000 OPPORTUNITIES IN THAT COUNTRY 8267 06:08:00,001 --> 06:08:03,000 ARE GREATER THAN THE ONES IN THE 8268 06:08:03,001 --> 06:08:04,000 UNITED STATES. 8269 06:08:04,001 --> 06:08:08,000 THE GREATEST THREAT WE HAVE TO 8270 06:08:08,001 --> 06:08:10,000 THIS COUNTRY TODAY IS OUR 8271 06:08:10,001 --> 06:08:11,000 INABILITY TO CONTROL THIS 8272 06:08:11,001 --> 06:08:13,000 OUT-OF-CONTROL SPENDING. 8273 06:08:13,001 --> 06:08:16,000 AND IF WE DON'T DO IT, WE WILL 8274 06:08:16,001 --> 06:08:17,000 VIOLATE THE AMERICAN CREED WHICH 8275 06:08:17,001 --> 06:08:18,000 IS THAT WE LEAVE THIS COUNTRY IN 8276 06:08:18,001 --> 06:08:19,000 A BETTER PLACE THAN WE FOUND IT 8277 06:08:19,001 --> 06:08:20,000 FOR EACH GENERATION THAT 8278 06:08:20,001 --> 06:08:22,000 FOLLOWS. 8279 06:08:22,001 --> 06:08:25,000 SO I HOPE THAT MY COLLEAGUES ON 8280 06:08:25,001 --> 06:08:26,000 THE OTHER SIDE OF THE AISLE WILL 8281 06:08:26,001 --> 06:08:28,000 EMBRACE THI AGAIN, IT DOESN'T REQUIRE 8282 06:08:28,001 --> 06:08:31,000 ANYTHING TO BE CUT. 8283 06:08:31,001 --> 06:08:32,000 IT REQUIRES A DISCUSSION AND A 8284 06:08:32,001 --> 06:08:34,000 GOOD DEBATE ON WHAT SHOULD BE CUT. 8285 06:08:34,001 --> 06:08:36,000 AND IT SETS PARAMETER THAT IF WE 8286 06:08:36,001 --> 06:08:38,000 HELD OURSELVES TO THAT CAP, WE 8287 06:08:38,001 --> 06:08:39,000 COULD SAVE THIS COUNTRY. 8288 06:08:39,001 --> 06:08:40,000 THERE ARE FOLKS I KNOW ON THE 8289 06:08:40,001 --> 06:08:41,000 OTHER SIDE OF THE AISLE WHO CARE 8290 06:08:41,001 --> 06:08:42,000 ABOUT THIS ISSUE. 8291 06:08:42,001 --> 06:08:44,000 I'VE TALKED TO THEM. 8292 06:08:44,001 --> 06:08:46,000 THIS IS NOT A REPUBLICAN ISSUE. 8293 06:08:46,001 --> 06:08:48,000 THIS IS NOT A DEMOCRAT ISSUE. 8294 06:08:48,001 --> 06:08:50,000 THIS IS A MORAL ISSUE. 8295 06:08:50,001 --> 06:08:51,000 IT'S A MORAL OBLIGATION OF THE 8296 06:08:51,001 --> 06:08:54,000 PEOPLE WHO SERVE IN THIS BODY 8297 06:08:54,001 --> 06:08:57,000 AND THE ONE DOWN THE HALL TO FIX 8298 06:08:57,001 --> 06:08:58,000 THIS OUT-OF-CONTROL SPENDING. 8299 06:08:58,001 --> 06:09:10,000 THANK YOU, MR. PRESI 8300 06:09:10,001 --> 06:09:11,000 I YIELD THE FLOOR. MRS. STABENOW: MR. PRESIDENT? 8301 06:09:11,001 --> 06:09:15,000 THE PRESIDING OFFICER: THE 8302 06:09:15,001 --> 06:09:16,000 SENATOR FROM MICHIGAN. 8303 06:09:16,001 --> 06:09:17,000 DIDN'T INTEND TO SPEAK AGAIN 8304 06:09:17,001 --> 06:09:18,000 EXCEPT THAT AFTER HEARING MY 8305 06:09:18,001 --> 06:09:20,000 COLLEAGUE, I DO FEEL IT'S 8306 06:09:20,001 --> 06:09:22,000 IMPORTANT JUST TO SAY -- I NOT 8307 06:09:22,001 --> 06:09:26,000 SPEAKING TO THE SPECIFICS AT ALL 8308 06:09:26,001 --> 06:09:29,000 OF -- IN TERMS OF A PROPOSAL, 8309 06:09:29,001 --> 06:09:31,000 BUT I DID FEEL, I DO FEEL THAT 8310 06:09:31,001 --> 06:09:33,000 IT'S IMPORTANT TO TALK FOR A 8311 06:09:33,001 --> 06:09:37,000 MOMENT ABOUT HOW WE GOT WHERE WE 8312 06:09:37,001 --> 06:09:38,000 ARE IN THE 8313 06:09:38,001 --> 06:09:40,000 PRETTY HARD TO LISTEN TO FOLKS 8314 06:09:40,001 --> 06:09:42,000 WHO WERE -- WERE INVOLVED IN 8315 06:09:42,001 --> 06:09:45,000 POLICIES THAT GOT US WHERE WE 8316 06:09:45,001 --> 06:09:46,000 ARE NOW TALKING TO US ABOUT HOW 8317 06:09:46,001 --> 06:09:49,000 TERRIBLE IT IS ABOUT WHERE WE ARE. 8318 06:09:49,001 --> 06:09:51,000 AND SO I JUST TO WANT STRESS, 8319 06:09:51,001 --> 06:09:52,000 WHEN I CAME INTO THE SENATE IN 8320 06:09:52,001 --> 06:09:54,000 2001, WE WERE TRYING TO FIGURE 8321 06:09:54,001 --> 06:09:55,000 OUT WHAT TO DO WITH THE LARGEST 8322 06:09:55,001 --> 06:09:56,000 BUDGET SURPLUS IN THE HISTORY OF THE COUNTRY. 8323 06:09:56,001 --> 06:09:59,000 I WAS IN THE HOUSE WHEN WE MADE 8324 06:09:59,001 --> 06:10:00,000 THE VERY TOUGH VOTE TO BALANCE 8325 06:10:00,001 --> 06:10:01,000 THE BUDGET UNDER PRESIDENT 8326 06:10:01,001 --> 06:10:02,000 CLINTON. 8327 06:10:02,001 --> 06:10:04,000 AND, UNFORTUNATELY FOR ALL OF 8328 06:10:04,001 --> 06:10:06,000 US -- AND I MEAN THAT 8329 06:10:06,001 --> 06:10:08,000 SINCERELY -- RATHER THAN DOING 8330 06:10:08,001 --> 06:10:13,000 WHAT MANY OF US HAD PROPOSED, 8331 06:10:13,001 --> 06:10:17,000 BUDGET SURPLUS AND TAKE A THIRD 8332 06:10:17,001 --> 06:10:18,000 OF IT TO DO STRATEGIC 8333 06:10:18,001 --> 06:10:22,000 INVESTMENTS IN TAX CUTS AND A 8334 06:10:22,001 --> 06:10:26,000 THIRD OF IT FOR INVESTMENTS IN 8335 06:10:26,001 --> 06:10:27,000 THINGS LIKE HEALTH RESEARCH AND 8336 06:10:27,001 --> 06:10:29,000 EDUCATION AND JOBS, AND A THIRD 8337 06:10:29,001 --> 06:10:31,000 IT WAS TO PREFUND THE DEFICIT 8338 06:10:31,001 --> 06:10:33,000 FOR FUTURE. 8339 06:10:33,001 --> 06:10:35,000 THAT WAS A PROPOSAL THAT WE HAD. 8340 06:10:35,001 --> 06:10:39,000 INSTEAD, ALL OF IT -- ALL OF 8341 06:10:39,001 --> 06:10:41,000 IT -- WENT TO TOP-DOWN TAX CUTS 8342 06:10:41,001 --> 06:10:44,000 FOR THE WEALTHIEST PEOPLE IN THE 8343 06:10:44,001 --> 06:10:46,000 COUNTRY, PUT US IN A SITUATION 8344 06:10:46,001 --> 06:10:48,000 WHERE WE HAD NO BACKUP, NO 8345 06:10:48,001 --> 06:10:49,000 SURPLUS, AND THEN WE WENT TO WAR 8346 06:10:49,001 --> 06:10:50,000 WITH TWO COUNTRIES AND PUT IT ON 8347 06:10:50,001 --> 06:10:51,000 A CREDIT CARD, WHICH WE HAVE NOW 8348 06:10:51,001 --> 06:10:54,000 BEEN IN FOR TEN YEARS. 8349 06:10:54,001 --> 06:10:56,000 AND THEN WE SAW A HUGE NEW 8350 06:10:56,001 --> 06:10:58,000 MEDICARE ENTITLEMENT. 8351 06:10:58,001 --> 06:11:00,000 I CERTAINLY BELIEVE STRONG IN PROVIDING PRESCRIPTION DRUG HELP 8352 06:11:00,001 --> 06:11:02,000 FOR SENIORS, BUT THAT WASN'T 8353 06:11:02,001 --> 06:11:04,000 PAID FOR EITHER. 8354 06:11:04,001 --> 06:11:09,000 AND ITEM AFTER ITEM AFTER ITEM 8355 06:11:09,001 --> 06:11:11,000 UNTIL PRESIDENT OBAMA INHERITED 8356 06:11:11,001 --> 06:11:13,000 NOW AGAIN THE LARGEST DEFICIT. 8357 06:11:13,001 --> 06:11:18,000 AND SO AS WE'RE TRYING TO DIG 8358 06:11:18,001 --> 06:11:19,000 OUR WAY OUT OF THIS NOW, IT'S 8359 06:11:19,001 --> 06:11:20,000 VERY DISCONCERTINGO HEAR OVER 8360 06:11:20,001 --> 06:11:21,000 AND OVER AGAIN, WITH ALL DUE 8361 06:11:21,001 --> 06:11:22,000 RESPECT, ABOUT HOW DEFICITS 8362 06:11:22,001 --> 06:11:23,000 MATTER. 8363 06:11:23,001 --> 06:11:25,000 DEFICITS DIDN'T MATTER WHEN IT 8364 06:11:25,001 --> 06:11:27,000 WAS THE REPUBLICAN AGENDA. 8365 06:11:27,001 --> 06:11:28,000 AND MY GUESS IS, IF WE WERE 8366 06:11:28,001 --> 06:11:30,000 TALKING ABOUT ANOTHER ROUND OF 8367 06:11:30,001 --> 06:11:31,000 HUGE TAX CUTS, IT WOULDN'T 8368 06:11:31,001 --> 06:11:34,000 MATTER EITHER. 8369 06:11:34,001 --> 06:11:35,000 IT MATTERS 8370 06:11:35,001 --> 06:11:36,000 TALKING ABOUT THINGS THAT 8371 06:11:36,001 --> 06:11:37,000 MIDDLE-CLASS FAMILIES WANT. 8372 06:11:37,001 --> 06:11:42,000 IT MATTERS NOW WHE 8373 06:11:42,001 --> 06:11:44,000 TALKING ABOUT JOBS OR THE COST 8374 06:11:44,001 --> 06:11:46,000 OF COLLEGE OR WHETHER OR NOT 8375 06:11:46,001 --> 06:11:47,000 WE'RE GOING TO BE AE TO HAVE 8376 06:11:47,001 --> 06:11:52,000 FAMILIES BE ABLE TO HAVE A 8377 06:11:52,001 --> 06:11:53,000 FAMILY DOCTOR FOR THEIR KIDS OR 8378 06:11:53,001 --> 06:11:57,000 ALL THE OTHER THINGS. 8379 06:11:57,001 --> 06:11:58,000 I MEAN, THAT -- NOW IT MATTERS. 8380 06:11:58,001 --> 06:11:59,000 IT DIDN'T MATTER -- WALL STREET 8381 06:11:59,001 --> 06:12:02,000 BAILOUT, OKAY. 8382 06:12:02,001 --> 06:12:04,000 PEOPLE'S BAILOUT, FAMILIES 8383 06:12:04,001 --> 06:12:06,000 BAILOUT, OH, NO, NO, NO, NO, NO. 8384 06:12:06,001 --> 06:12:07,000 THAT'S -- THAT'S DEFICIT SPENDING. 8385 06:12:07,001 --> 06:12:10,000 I WOULD JUST SAY THIS, WITH ALL 8386 06:12:10,001 --> 06:12:13,000 DUE RESPECT. 8387 06:12:13,001 --> 06:12:14,000 THAT WITH OVER 15 MILLION ON 8388 06:12:14,001 --> 06:12:16,000 UNEMPLOYMENT BENEFITS RIGHT NOW 8389 06:12:16,001 --> 06:12:19,000 AND ANOTHER HOW MANY, WHO KNOWS, 8390 06:12:19,001 --> 06:12:20,000 WORKING PART-TIME OR WHO 8391 06:12:20,001 --> 06:12:21,000 COMPLETELY HAD TO LEAVE THE 8392 06:12:21,001 --> 06:12:22,000 LABOR MARKET, MILLIONS AND 8393 06:12:22,001 --> 06:12:24,000 MILLIONS OF PEOPLE, WE WOULD 8394 06:12:24,001 --> 06:12:25,000 NEVER GET OUT OF DEFICIT UNTIL 8395 06:12:25,001 --> 06:12:27,000 PEOPLE GET OUT TO WORK. 8396 06:12:27,001 --> 06:12:28,000 WE WILL NEVER GET OUT OF THIS 8397 06:12:28,001 --> 06:12:31,000 DEFICIT DITCH UNTIL PEOPLE GET 8398 06:12:31,001 --> 06:12:33,000 BACK TO WORK AND THEY'RE BACK 8399 06:12:33,001 --> 06:12:36,000 CONTRIBUTING AND BEING A PART OF 8400 06:12:36,001 --> 06:12:37,000 THE ECONOMY AND BEING ABLE TO 8401 06:12:37,001 --> 06:12:40,000 CARE FOR THEIR FAMILIES AND 8402 06:12:40,001 --> 06:12:41,000 BEING ABLE TO -- TO GET THIS 8403 06:12:41,001 --> 06:12:45,000 ECONOMIC ENGINE GOING AGAIN. 8404 06:12:45,001 --> 06:12:46,000 AND THAT'S A BASIC FILL OFF CAL DIFFERENCE -- PHILOSOPHICAL 8405 06:12:46,001 --> 06:12:47,000 DIFFERENCE THAT WE HAVE. 8406 06:12:47,001 --> 06:12:48,000 IT'S A BASIC DIFFERENCE IN 8407 06:12:48,001 --> 06:12:50,000 BELIEFS THAT I WAS TALKING ABOUT 8408 06:12:50,001 --> 06:12:51,000 EARLIER TODAY. 8409 06:12:51,001 --> 06:12:52,000 THAT -- ABOUT WHETHER OR NOT 8410 06:12:52,001 --> 06:12:54,000 IT'S IMPORTANT TO FOCUS ON 8411 06:12:54,001 --> 06:12:56,000 PEOPLE AND PUTTING PEOPLE BACK 8412 06:12:56,001 --> 06:12:58,000 TO WORK AND THINGS THAT 8413 06:12:58,001 --> 06:13:01,000 MIDDLE-CLASS FAMILIES NEED OR 8414 06:13:01,001 --> 06:13:03,000 NOW, WHEN IT'S A DIFFERENT 8415 06:13:03,001 --> 06:13:05,000 AGENDA, WHEN WE HAVE DIFFERENT 8416 06:13:05,001 --> 06:13:06,000 PRIORITIES AND DIFFERENT VALUES 8417 06:13:06,001 --> 06:13:10,000 AND WE'RE FIGHTING FOR DIFFERENT 8418 06:13:10,001 --> 06:13:11,000 PEOPLE, NOW ALL A SUDDEN, 8419 06:13:11,001 --> 06:13:12,000 DESPITE THE FORMER VICE 8420 06:13:12,001 --> 06:13:15,000 PRESIDENT'S CLAIM THAT DEFICITS 8421 06:13:15,001 --> 06:13:17,000 DIDN'T MATTER, 8422 06:13:17,001 --> 06:13:20,000 AND SO I BELIEVE THEY DO MATTER. 8423 06:13:20,001 --> 06:13:22,000 I BELIEVE THEY MATTERED IN I 8424 06:13:22,001 --> 06:13:23,000 THK IT WAS 1997 WHEN I VOTED 8425 06:13:23,001 --> 06:13:24,000 FOR A BALANCED BUDGET UNDER 8426 06:13:24,001 --> 06:13:25,000 PRESIDENT CLINTON. 8427 06:13:25,001 --> 06:13:26,000 I BELIEVE THEY MATTERED IN 2001 8428 06:13:26,001 --> 06:13:29,000 WHENAS A MEMBER OF THE BUDGET 8429 06:13:29,001 --> 06:13:32,000 COMMITTEE, I VOTED FOR EFFORTS 8430 06:13:32,001 --> 06:13:33,000 THAT -- TO HAVE US BE FISCALLY 8431 06:13:33,001 --> 06:13:35,000 RESPONSIBLE, AND I BELIEVE THAT 8432 06:13:35,001 --> 06:13:36,000 THEY MATTERED WHEN WE VOTED TO 8433 06:13:36,001 --> 06:13:39,000 REINSTATE RULES THAT WERE TAKEN 8434 06:13:39,001 --> 06:13:41,000 OFF FOR EIGHT YEARS THAT WE 8435 06:13:41,001 --> 06:13:43,000 SHOULD PAY AS YOU GO WHEN DO YOU SOMETHING. 8436 06:13:43,001 --> 06:13:44,000 AND I KNOW, WE HAVE TO MAKE SURE 8437 06:13:44,001 --> 06:13:47,000 THAT WE ARE ACTUALLY LIVING UP TO THAT. 8438 06:13:47,001 --> 06:13:49,000 BUT WITH ALL DUE RESPECT, WE 8439 06:13:49,001 --> 06:13:50,000 ST HAVE A VERY DIFFERENT VIEW 8440 06:13:50,001 --> 06:13:52,000 OF THE WORLD, AND COMING FROM 8441 06:13:52,001 --> 06:13:54,000 THE GREAT STATE OF MICHIGAN 8442 06:13:54,001 --> 06:13:55,000 RIGHT NOW, OUR FOLKS WOULD SAY, 8443 06:13:55,001 --> 06:13:58,000 IT'S ABOUT TIME SOMEBODY FOCUSED 8444 06:13:58,001 --> 06:14:00,000 ON THEM AND THEIR JOB AND WHAT'S 8445 06:14:00,001 --> 06:14:01,000 HAPPENING TO THEIR FAMILY, AND 8446 06:14:01,001 --> 06:14:04,000 THAT'S WHAT THIS BILL IS ALL 8447 06:14:04,001 --> 06:14:06,000 ABOUT THAT'S ON THE FLOOR, AND 8448 06:14:06,001 --> 06:14:08,000 THAT'S WHAT WE ARE ALL ABOUT. 8449 06:14:08,001 --> 06:14:09,000 AND I THINK IT'S THE RIGHT COURSE. 8450 06:14:09,001 --> 06:14:12,000 THANK YOU. 8451 06:14:12,001 --> 06:14:13,000 MR. LeMIEUX: WOULD 8452 06:14:13,001 --> 06:14:15,000 MY FRIEND YIELD FOR A QUESTION? 8453 06:14:15,001 --> 06:14:17,000 MS. STABENOW: I WOULD BE HAPPY TO. 8454 06:14:17,001 --> 06:14:18,000 MR. LeMIEUX: YOUR STATE HAS 8455 06:14:18,001 --> 06:14:19,000 HIGH UNEMPLOYMENT. 8456 06:14:19,001 --> 06:14:23,000 AND MY STATE DOES, TOO. 8457 06:14:23,001 --> 06:14:25,000 YOU'RE AT 14-SOME PERCENT. 8458 06:14:25,001 --> 06:14:27,000 WE'RE AT 12%. 8459 06:14:27,001 --> 06:14:29,000 EVERYBODY WANTS TO EXTEND UNEMPLOYMENT COMPENSATION BUT 8460 06:14:29,001 --> 06:14:31,000 WHY SHOULD WE PUT IT OFF ON OUR 8461 06:14:31,001 --> 06:14:32,000 KIDS AND GRANDKIDS? 8462 06:14:32,001 --> 06:14:34,000 IS THERE NOT \$5 BILLION THAT WE 8463 06:14:34,001 --> 06:14:35,000 COULD FIND TO PAY FOR THIS BILL? 8464 06:14:35,001 --> 06:14:39,000 MS. STABENOW: I WOULD -- WITH 8465 06:14:39,001 --> 06:14:42,000 ALL DUE RESPECT TO MY FRIEND, 8466 06:14:42,001 --> 06:14:43,000 THE REALITY IS THAT WE'VE AN 8467 06:14:43,001 --> 06:14:45,000 ECONOMIC -- WE HAVE AN ECONOMIC 8468 06:14:45,001 --> 06:14:47,000 EMERGENCY IN THIS COUNTRY. 8469 06:14:47,001 --> 06:14:48,000 IF 15 MILLION PEOPLE OUT OF WORK 8470 06:14:48,001 --> 06:14:49,000 ISN'T AN EMERGENCY, I DON'T KNOW WHAT ONE IS. 8471 06:14:49,001 --> 06:14:50,000 SO I WOULD FUNDAMENTALLY 8472 06:14:50,001 --> 06:14:52,000 DISAGREE WITH YOU. 8473 06:14:52,001 --> 06:14:54,000 IN ORDER FOR SOMETHING TO BE AN 8474 06:14:54,001 --> 06:14:56,000 ECONOMIC STIMULUS AND EVERY 8475 06:14:56,001 --> 06:14:59,000 ECONOMIST FROM REAGAN ECONOMISTS 8476 06:14:59,001 --> 06:15:03,000 TO CLION ECONOMISTS TO BUSH 8477 06:15:03,001 --> 06:15:04,000 ECONOMISTS TO OBAMA ECONOMISTS 8478 06:15:04,001 --> 06:15:06,000 HAVE STHAID BY FUNDING THIS AS 8479 06:15:06,001 --> 06:15:07,000 EMERGENCY FUNDING, YOU 8480 06:15:07,001 --> 06:15:08,000 JUMP-START THE ECONOMY. 8481 06:15:08,001 --> 06:15:11,000 FOR EVERY \$1 YOU PUT INTA 8482 06:15:11,001 --> 06:15:14,000 FAMILY'S POCKET, YOU GET \$1.60 8483 06:15:14,001 --> 06:15:15,000 IN ECONOMIC TURNAROUND, ECONOMIC 8484 06:15:15,001 --> 06:15:16,000 BENEFIT, BECAUSE FAMILIES WHO 8485 06:15:16,001 --> 06:15:17,000 ARE OUT OF WORK ARE FORCED TO 8486 06:15:17,001 --> 06:15:18,000 SPEND THE MONEY THAT'S PUT IN 8487 06:15:18,001 --> 06:15:20,000 THEIR POCKET. 8488 06:15:20,001 --> 06:15:21,000 SO, NO, I WOULD FUNDAMENTALLY 8489 06:15:21,001 --> 06:15:23,000 DISAGREE. 8490 06:15:23,001 --> 06:15:25,000 WE'VE HAD ECONOMISTS TESTIFY 8491 06:15:25,001 --> 06:15:27,000 THAT WOULD FUNDAMENTALLY 8492 06:15:27,001 --> 06:15:29,000 DISAGREE WITH THAT PREMISE. 8493 06:15:29,001 --> 06:15:30,000 NOW, IT SOUNDS GOOD. 8494 06:15:30,001 --> 06:15:35,000 I MEAN, IT SOUNDS GOOD. 8495 06:15:35,001 --> 06:15:36,000 I WISH W PAID FOR THE HUGE 8496 06:15:36,001 --> 06:15:37,000 TAX CUTS THAT WERE DONE A NUMBER 8497 06:15:37,001 --> 06:15:39,000 OF YEARS AGO. 8498 06:15:39,001 --> 06:15:42,000 I WHICH WE HAD PAID FOR THAT. 8499 06:15:42,001 --> 06:15:43,000 BUT RIGHT NOW WHAT WE'RE SAYING 8500 06:15:43,001 --> 06:15:46,000 IS THAT WHAT WE OUGHT TO -- 8501 06:15:46,001 --> 06:15:48,000 WHERE WE OUGHT TO FOCUS OUR 8502 06:15:48,001 --> 06:15:50,000 ENERGIES IS ON TAKING AWAY THE 8503 06:15:50,001 --> 06:15:53,000 STIMULUS THAT COMES FROM 8504 06:15:53,001 --> 06:15:54,000 UNEMPLOYMENT BENEFITS AND THAT 8505 06:15:54,001 --> 06:15:55,000 SOMEHOW WE OUGHT TO FOCUS BACK 8506 06:15:55,001 --> 06:15:58,000 ON PEOPLE WHO LOST THEIR JOBS. 8507 06:15:58,001 --> 06:15:59,000 SO I JUST FUNDAMENTALLY HAVE A 8508 06:15:59,001 --> 06:16:00,000 DISAGREEMENT. 8509 06:16:00,001 --> 06:16:01,000 MR. LeMIEUX: IF I COULD ASK 8510 06:16:01,001 --> 06:16:02,000 ONE MORE QUESTION. 8511 06:16:02,001 --> 06:16:03,000 I DON'T DISAGREE WITH YOU ABOUT 8512 06:16:03,001 --> 06:16:04,000 EXTENDING THE MONEY. 8513 06:16:04,001 --> 06:16:05,000 I WOULD LIKE TO EXTEND 8514 06:16:05,001 --> 06:16:06,000 UNEMPLOYMENT COMPENSATION. 8515 06:16:06,001 --> 06:16:09,000 BUT WOULD MY FRIEND NOT AGREE 8516 06:16:09,001 --> 06:16:10,000 WITH ME THAT THERE IS \$50 8517 06:16:10,001 --> 06:16:11,000 BILLION THAT WE COULD FIND 8518 06:16:11,001 --> 06:16:13,000 SOMEWHERE IN THIS GOVERNMENT, 8519 06:16:13,001 --> 06:16:14,000 MONEY THAT'S NOT BEEN SPENT 8520 06:16:14,001 --> 06:16:16,000 THAT'S SITTING IN ACCOUNTS, 8521 06:16:16,001 --> 06:16:17,000 WASTEFUL SPENDING, PROGRAMS THAT 8522 06:16:17,001 --> 06:16:19,000 AREN'T WORKING. 8523 06:16:19,001 --> 06:16:22,000 WHY CAN'T WE AS A BODY GET DOWN 8524 06:16:22,001 --> 06:16:24,000 TO THE BUSINESS OF LOOKI AT 8525 06:16:24,001 --> 06:16:26,000 THE GOVERNMENT AND FIND MONEY 8526 06:16:26,001 --> 06:16:27,000 AND SET PRIORITIES AND PAY FOR THIS? 8527 06:16:27,001 --> 06:16:29,000 MS. STABENOW: I GUESS I WOULD 8528 06:16:29,001 --> 06:16:32,000 ASK MY FRIEND BACK, WOULD YOU 8529 06:16:32,001 --> 06:16:34,000 AGREE THAT THEN WE SHOULD RATHER 8530 06:16:34,001 --> 06:16:36,000 THAN INCREASING THE -- OR 8531 06:16:36,001 --> 06:16:39,000 DECREASING THE ESTATE TAX FOR 8532 06:16:39,001 --> 06:16:40,000 LESS THAN .5% OF THE PUBLIC, 8533 06:16:40,001 --> 06:16:42,000 THAT MAYBE WE SHOULD MAKE SURE 8534 06:16:42,001 --> 06:16:43,000 THAT ANY DOLLARS THERE SHOULD GO 8535 06:16:43,001 --> 06:16:47,000 BACK INTO SOMEBODY WHO DOESN'T 8536 06:16:47,001 --> 06:16:49,000 HAVE A JOB AND MAYBE HELP CREATE 8537 06:16:49,001 --> 06:16:50,000 A PARTNERSHIP WITH A BUSINESS TO 8538 06:16:50,001 --> 06:16:51,000 CREATE A JOB IN WOULD YOU SAY 8539 06:16:51,001 --> 06:16:53,000 TH'S A BETTER PRIORITY THAN 8540 06:16:53,001 --> 06:16:55,000 WHAT'S GOING TO BE COMING UP 8541 06:16:55,001 --> 06:16:57,000 HERE NOT TOO LONG ON THE FLOOR 8542 06:16:57,001 --> 06:16:58,000 WITH, TRY TO HELP FOLKS THAT 8543 06:16:58,001 --> 06:16:59,000 ALREADY MAKE MILLIONS OF DOLLARS 8544 06:16:59,001 --> 06:17:00,000 A YEAR? 8545 06:17:00,001 --> 06:17:01,000 MR. LeMIEUX: WELL, 8546 06:17:01,001 --> 06:17:03,000 RESPECTFULLY, I THINK THE ESTATE 8547 06:17:03,001 --> 06:17:04,000 TAX ISSUE IS A DIFFERENT ISSUE. 8548 06:17:04,001 --> 06:17:05,000 MS. STABENOW: I DON'T THINK IT 8549 06:17:05,001 --> 06:17:08,000 IS A DIFFERENT ISSUE, WITH ALL@@ 8550 06:17:08,001 --> 06:17:09,000 DUE RESPECT. 8551 06:17:09,001 --> 06:17:11,000 MR. LeMIEUX: IF MY COLLEAGUE 8552 06:17:11,001 --> 06:17:13,000 WILL LET ME FINISH, IF I MAY. 8553 06:17:13,001 --> 06:17:16,000 WE DON'T HAVE AN ESTATE TAX NOW. 8554 06:17:16,001 --> 06:17:17,000 THE JOKE IS, DON'T GO HUNTING 8555 06:17:17,001 --> 06:17:18,000 WITH YOUR CHILDREN. 8556 06:17:18,001 --> 06:17:19,000 WE ALL AGREE THAT NEEDS TO BE 8557 06:17:19,001 --> 06:17:21,000 FIXED. 8558 06:17:21,001 --> 06:17:23,000 WE'VE A DIFFERENCE IN BELIEF ON TAXES. 8559 06:17:23,001 --> 06:17:24,000 BUT I'M TALKING ABOUT JUST THIS 8560 06:17:24,001 --> 06:17:26,000 SPENDING ISSUE. 8561 06:17:26,001 --> 06:17:28,000 YOU AND I AND MANY OF US IN THIS 8562 06:17:28,001 --> 06:17:30,000 CHAMBER ALL AGREE THAT WE SHOULD 8563 06:17:30,001 --> 06:17:31,000 CONTINUE UNEMPLOYMENT COMPENSATION. 8564 06:17:31,001 --> 06:17:33,000 PEOPLE IN YOUR STATE ARE 8565 06:17:33,001 --> 06:17:39,000 HURTING, PEOPLE IN MY STATE ARE HURTING. 8566 06:17:39,001 --> 06:17:42,000 MY QUESTION IS, IS THERE NOT \$5 8567 06:17:42,001 --> 06:17:43,000 -- \$5 BILLION THAT WE COULD -- 8568 06:17:43,001 --> 06:17:45,000 \$55 BILLION THAT WE COULD FIND 8569 06:17:45,001 --> 06:17:46,000 IN THE MORE THAN \$3 TRILLION WE 8570 06:17:46,001 --> 06:17:48,000 WILL SPEND THIS YEAR. 8571 06:17:48,001 --> 06:17:50,000 COULD WE NOT FIND AN OFFSET? 8572 06:17:50,001 --> 06:17:54,000 MS. STABENOW: AND FINE AMLY I 8573 06:17:54,001 --> 06:17:55,000 WOULD SAY, BEFORE HAVING TO 8574 06:17:55,001 --> 06:17:56,000 LEAVE THE FLOOR, I APREASHT THAT 8575 06:17:56,001 --> 06:17:57,000 IN THE THEORY. 8576 06:17:57,001 --> 06:17:59,000 I GUESS I WOULD ASK MY COLLEAGUE 8577 06:17:59,001 --> 06:18:01,000 TO COME UP WITH WHAT YOUR LIST 8578 06:18:01,001 --> 06:18:03,000 WOULD BE OF PRIORITIES, BECAUSE -- 8579 06:18:03,001 --> 06:18:04,000 MR. LeMIEUX: WE'LL DO THAT. 8580 06:18:04,001 --> 06:18:06,000 MS. STABENOW: FROM MY 8581 06:18:06,001 --> 06:18:08,000 STANDPOINT, WHAT I SEE OVER AND 8582 06:18:08,001 --> 06:18:10,000 OVER AGAIN ARE MIDDLE-CLASS 8583 06:18:10,001 --> 06:18:11,000 FAMILIES AND FOLKS THAT ARE OUT 8584 06:18:11,001 --> 06:18:13,000 OF WORK ARE THE ONES THAT GET 8585 06:18:13,001 --> 06:18:14,000 HIT OVER AND OVER AND OVER AGAIN. 8586 06:18:14,001 --> 06:18:17,000 THAT'S MY CONCERN. 8587 06:18:17,001 --> 06:18:20,000 THAT IS MY CONCERN WHEN WE GET 8588 06:18:20,001 --> 06:18:22,000 INTO TAX POLICY ABOUT WHO ARE WE 8589 06:18:22,001 --> 06:18:24,000 GOING TO GIVE A TAX CUT TO, WHO 8590 06:18:24,001 --> 06:18:25,000 IS GOING TO GET MONEY BACK IN 8591 06:18:25,001 --> 06:18:27,000 THEIR POCKET. 8592 06:18:27,001 --> 06:18:29,000 NOT TOO MANY PEOPLE IN MY STATE 8593 06:18:29,001 --> 06:18:31,000 FEEL LIKE IT'S GONE TO THEM. 8594 06:18:31,001 --> 06:18:33,000 THAT'S WHERE I RAISE THE ESTATE 8595 06:18:33,001 --> 06:18:36,000 TAX IN GENERAL I WOULD JUST 8596 06:18:36,001 --> 06:18:39,000 SIMPLY SAY THAT, YOU KNOW, WE 8597 06:18:39,001 --> 06:18:40,000 KNOW -- AND PRESIDENT AFTER 8598 06:18:40,001 --> 06:18:43,000 PRESIDENT, REPUBLICAN AND DEMOCRAT, HAVE EXTENDED 8599 06:18:43,001 --> 06:18:44,000 UNE BENEFITS AS 8600 06:18:44,001 --> 06:18:46,000 EMERGENCY SPENDING FOR DECADES. 8601 06:18:46,001 --> 06:18:48,000 I AM JUST VERY DISAPPOINTED THAT 8602 06:18:48,001 --> 06:18:50,000 NOW SLID THAT'S TRYING TO BE CHANGED. 8603 06:18:50,001 --> 06:18:52,000 THANK YOU, MR. PRESIDENT. 8604 06:18:52,001 --> 06:18:53,000 COLLEAGUE FOR THE GOOD CONVERSATION. 8605 06:18:53,001 --> 06:18:54,000 I SUGGEST THE ABSENCE OF A QUORUM. 8606 06:18:54,001 --> 06:18:59,000 THE PRESIDING OFFICER: THE 8607 06:18:59,001 --> 06:29:26,000 CLERK WILL CALL THE ROLL. 8608 06:29:26,001 --> 06:31:55,000 QUORUM CALL: 8609 06:31:55,001 --> 06:31:57,000 QUORUM CALL: THE PRESIDING OFFICER: THE 8610 06:31:57,001 --> 06:31:58,000 SENATOR FROM SOUTH CAROLINA. MR. DeMINT: THANK YOU, 8611 06:31:58,001 --> 06:32:00,000 MADAM PRESIDENT. 8612 06:32:00,001 --> 06:32:01,000 I HAVE A MOTION TO SEND TO THE 8613 06:32:01,001 --> 06:32:03,000 DESK. THE PRESIDING OFFICER: THE 8614 06:32:03,001 --> 06:32:05,000 SETE IS IN A QUORUM 8615 06:32:05,001 --> 06:32:07,000 MR. DeMINT: I ASK THE QUORUM 8616 06:32:07,001 --> 06:32:08,000 CALL BE SUSPENDED AND SEND A 8617 06:32:08,001 --> 06:32:09,000 MOTION TO 8618 06:32:09,001 --> 06:32:12,000 THE PRESIDING OFFICER: WITHOUT OBJECTION. 8619 06:32:12,001 --> 06:32:13,000 THE CLERK WILL REPORT. 8620 06:32:13,001 --> 06:32:14,000 THE CLERK: THE SENATOR FROM 8621 06:32:14,001 --> 06:32:16,000 SOUTH CAROLINA, MR. DeMINT, 8622 06:32:16,001 --> 06:32:19,000 MOVES TO REFER THE HOUSE MESSAGE 8623 06:32:19,001 --> 06:32:20,000 TO ACCOMPANY H.R. 4213 TO THE 8624 06:32:20,001 --> 06:32:23,000 COMMITTEE ON FINANCE WITH 8625 06:32:23,001 --> 06:32:24,000 INSTRUCTIONS TO REPORT THE SAME 8626 06:32:24,001 --> 06:32:26,000 BACK TO THE SENATE WITH CHANGES 8627 06:32:26,001 --> 06:32:30,000 TO INCLUDE A PERMANENT EXTENSION 8628 06:32:30,001 --> 06:32:31,000 OF THE 15% INCOME TAX RATE ON 8629 06:32:31,001 --> 06:32:36,000 CAPITAL GAINS AND DIVIDENDS 8630 06:32:36,001 --> 06:32:38,000 UNDER SECTION 1-H OF THE 8631 06:32:38,001 --> 06:32:39,000 INTERNAL REVENUE CODE OF 1986 8632 06:32:39,001 --> 06:32:41,000 AND TO INCLUDE PROVISIONS WHICH 8633 06:32:41,001 --> 06:32:43,000 INCREASE SPENDING OR DECREASE 8634 06:32:43,001 --> 06:32:45,000 NET REVENUES AS APPROPRIATE TO 8635 06:32:45,001 --> 06:32:47,000 OFFSET SUC 8636 06:32:47,001 --> 06:32:48,000 MR. DeMINT: THANK YOU, 8637 06:32:48,001 --> 06:32:50,000 MADAM PRESIDENT. 8638 06:32:50,001 --> 06:32:52,000 WE'RE OBVIOUSLY CONSIDERING A 8639 06:32:52,001 --> 06:32:53,000 TAX BILL IN THE MIDDLE OF A 8640 06:32:53,001 --> 06:32:56,000 RECESSION. 8641 06:32:56,001 --> 06:32:57,000 A LOT OF FOLKS OUT OFORK. 8642 06:32:57,001 --> 06:33:01,000 YET, WE ARE TALKING VERY LITTLE 8643 06:33:01,001 --> 06:33:03,000 ABOU THE FACT THAT IN SIX 8644 06:33:03,001 --> 06:33:04,000 MONTHS TAX RATES FOR EVERY 8645 06:33:04,001 --> 06:33:05,000 AMERICAN AND BUSINESS ARE GOING 8646 06:33:05,001 --> 06:33:07,000 TO GO UP. 8647 06:33:07,001 --> 06:33:08,000 IT'S ALREADY BEGINNING TO CREATE 8648 06:33:08,001 --> 06:33:10,000 UNCERTAINTY IN OUR ECONOMY. 8649 06:33:10,001 --> 06:33:12,000 FOLKS WHO WOULD OTHERWISE TAKE 8650 06:33:12,001 --> 06:33:15,000 RISK AND INVEST ARE HOLDING BACK 8651 06:33:15,001 --> 06:33:17,000 BECAUSE OF THE INCREASE IN TAXES. 8652 06:33:17,001 --> 06:33:19,000 AND ONE OF THE MAIN FOCUSES OF 8653 06:33:19,001 --> 06:33:21,000 WHAT WE'RE DOING NEEDS TO BE ON 8654 06:33:21,001 --> 06:33:22,000 CAPITAL GAINS TAXES AS WELL AS 8655 06:33:22,001 --> 06:33:25,000 DIVIDEND TAXES. 8656 06:33:25,001 --> 06:33:29,000 RIGHT NOW THE CAPITAL GAINS TAX 8657 06:33:29,001 --> 06:33:31,000 IN JANUARY IS GOING UP, IF WE DO 8658 06:33:31,001 --> 06:33:33,000 NOTHING, FROM 15% TO 20%. 8659 06:33:33,001 --> 06:33:36,000 THIS WILL DISCOURAGE INVESTMENT. 8660 06:33:36,001 --> 06:33:40,000 THE DIVIDEND TAX WILL GO UP FROM 8661 06:33:40,001 --> 06:33:41,000 15% TO THE TOP RATE OF NEARLY 8662 06:33:41,001 --> 06:33:43,000 40%. 8663 06:33:43,001 --> 06:33:45,000 THE HERITAGE FOUNDATION 8664 06:33:45,001 --> 06:33:46,000 ESTIMATES THAT IF WE WOULD JUST 8665 06:33:46,001 --> 06:33:49,000 HOLD CURRENT TAX RATES THE SAME 8666 06:33:49,001 --> 06:33:54,000 ON THESE TWO TAXES THAT WE WOULD 8667 06:33:54,001 --> 06:33:56,000 SAVE OVER 250,000 JOBS NEXT YEAR ALONE. 8668 06:33:56,001 --> 06:33:58,000 I'M ASKING MY COLLEAGUES TO 8669 06:33:58,001 --> 06:34:00,000 CONSIDER THE URGENT NEED TO KEEP 8670 06:34:00,001 --> 06:34:01,000 OUR CURRENT TAX RATES THE SAME, 8671 06:34:01,001 --> 06:34:04,000 PARTICULARLY ON CAPITAL GAINS 8672 06:34:04,001 --> 06:34:06,000 AND DIVIDENDS, AS WE KNOW, A LOT 8673 06:34:06,001 --> 06:34:09,000 OF SENIORS ARE LIVING IN PART 8674 06:34:09,001 --> 06:34:12,000 OFF OF DIVIDENDS THAT THEY RECEIVE. 8675 06:34:12,001 --> 06:34:14,000 FANNED WE RAISE -- AND IF WE 8676 06:34:14,001 --> 06:34:16,000 RAISE THE TAX RATES ON THEM, 8677 06:34:16,001 --> 06:34:17,000 IT'S NOTHING TO DO ANYTHING TO 8678 06:34:17,001 --> 06:34:19,000 HELP THEM OR OUR ECONOMY. 8679 06:34:19,001 --> 06:34:20,000 I'M ASKING THAT THIS BILL BE 8680 06:34:20,001 --> 06:34:25,000 REFERRED BACK TO COMMITTEE, THAT 8681 06:34:25,001 --> 06:34:27,000 THEY ADD THIS REQUIREMENT THAT 8682 06:34:27,001 --> 06:34:30,000 THE CAPITAL GAINS AND DIVIDENDS 8683 06:34:30,001 --> 06:34:32,000 STAY THE SAME AT 15%, AND THEN 8684 06:34:32,001 --> 06:34:33,000 BRING IT BACK TO THE FLOOR FOR A 8685 06:34:33,001 --> 06:34:35,000 VOTE. 8686 06:34:35,001 --> 06:34:38,000 WITH THAT, MADAM PRESIDENT, I 8687 06:34:38,001 --> 06:34:39,000 THANK YOU VERY MUCH 8688 06:34:39,001 --> 06:34:40,000 ABSENCE OF A QUORUM. 8689 06:34:40,001 --> 06:34:47,000 THE 8690 06:34:47,001 --> 06:44:06,000 CLERK WILL CALL THE ROLL. 8691 06:44:06,001 --> 06:59:00,000 QUORUM 8692 06:59:00,001 --> 07:10:43,000 QUORUM CALL: 8693 07:10:43,001 --> 07:10:45,000 QUORUM CAL 8694 07:10:45,001 --> 07:10:46,000 A SENATOR: MADAM PRESIDENT? 8695 07:10:46,001 --> 07:10:48,000 THE PRESIDING OFFICER: THE 8696 07:10:48,001 --> 07:10:50,000 SENATOR FROM IOWA. 8697 07:10:50,001 --> 07:10:51,000 MR. GRASSLEY: I ASK THE 8698 07:10:51,001 --> 07:10:52,000 THE QUORUM BE SUSPENDED. 8699 07:10:52,001 --> 07:10:53,000 THE PRESIDING OFFICER: WITHOUT 8700 07:10:53,001 --> 07:10:54,000 OBJECTION. 8701 07:10:54,001 --> 07:10:55,000 MR. GRASSLEY: I WANT TO ADDRESS 8702 07:10:55,001 --> 07:10:56,000 MY COLLEAGUES ON A COUPLE OF 8703 07:10:56,001 --> 07:10:57,000 DIFFERENT ISSUES. 8704 07:10:57,001 --> 07:11:00,000 ONE WOULD BE SPEAKING IN SUPPORT 8705 07:11:00,001 --> 07:11:02,000 OF PART OF THE COBURN AMENDMENT, 8706 07:11:02,001 --> 07:11:08,000 AND THE SECOND ONE WOULD BE TO 8707 07:11:08,001 --> 07:11:13,000 SPEAK ON THE ISSUE OF TAXES. 8708 07:11:13,001 --> 07:11:15,000 I WANT TO SPEAK IN FAVOR OF 8709 07:11:15,001 --> 07:11:19,000 SENATOR COBURN'S AMENDMENT THAT 8710 07:11:19,001 --> 07:11:20,000 WOULD REPEAL A SPECIAL DEAL FOR 8711 07:11:20,001 --> 07:11:21,000 CALIFORNIA. 8712 07:11:21,001 --> 07:11:23,000 AS I HAVE SAID BEFORE, 8713 07:11:23,001 --> 07:11:26,000 MEDICARE'S PAYMENT SYSTEM FOR 8714 07:11:26,001 --> 07:11:29,000 PHYSICIANS IS FLAWED IN MANY WAYS. 8715 07:11:29,001 --> 07:11:31,000 ONE OF THOSE FLAWS HAS RESULTED 8716 07:11:31,001 --> 07:11:33,000 IN UNFAIRLY LOW PAYMENTS TO 8717 07:11:33,001 --> 07:11:36,000 PHYSICIANS IN MY OWN STATE OF 8718 07:11:36,001 --> 07:11:39,000 IOWA AND MANY OTHER RURAL STATES 8719 07:11:39,001 --> 07:11:42,000 AND OVER A COURSE OF MANY YEARS. 8720 07:11:42,001 --> 07:11:46,000 MEDICARE PAYMENT VARIES FROM ONE 8721 07:11:46,001 --> 07:11:47,000 AREA TO ANOTHER BASED UPON 8722 07:11:47,001 --> 07:11:49,000 GEOGRAPHIC ADJUSTMENTS MADE AT 8723 07:11:49,001 --> 07:11:51,000 THE CENTERS FOR MEDICARE AND 8724 07:11:51,001 --> 07:11:54,000 MEDICAID SERVICES. 8725 07:11:54,001 --> 07:11:56,000 THESE ADJUSTMENTS ARE SUPPOSED 8726 07:11:56,001 --> 07:12:00,000 TO REFLECT THE DIFFERENCES IN 8727 07:12:00,001 --> 07:12:03,000 THE COSTS OF PROVIDING CARE IN 8728 07:12:03,001 --> 07:12:05,000 DIFFERENT AREAS AND EQUALIZING 8729 07:12:05,001 --> 07:12:07,000 PHYSICIAN PAYMENT, BUT THE 8730 07:12:07,001 --> 07:12:08,000 GEOGRAPHIC ADJUSTORS HAVE BEEN A 8731 07:12:08,001 --> 07:12:10,000 DISMAL FAILURE. 8732 07:12:10,001 --> 07:12:13,000 THEY DO NOT ACCURATELY REPRESENT 8733 07:12:13,001 --> 07:12:16,000 THE COSTS IN RURAL STATES. 8734 07:12:16,001 --> 07:12:18,000 INSTEAD,HEY HAVE CREATED 8735 07:12:18,001 --> 07:12:21,000 UNFAIRLY LOW MEDICARE RATES AND 8736 07:12:21,001 --> 07:12:23,000 HAVE, IN FACT, EVEN DISCOURAGED 8737 07:12:23,001 --> 07:12:26,000 PHYSICIANS FROM PRACTICING IN 8738 07:12:26,001 --> 07:12:29,000 RURAL AREAS LIKE ARKANSAS, NEW 8739 07:12:29,001 --> 07:12:31,000 MEXICO, MISSOURI, IOWA, NORTH 8740 07:12:31,001 --> 07:12:33,000 DAKOTA, AND MAYBE YOU CAN SAY A 8741 07:12:33,001 --> 07:12:35,000 LOT OF RURAL STATES. 8742 07:12:35,001 --> 07:12:37,000 LAST FALL, I OFFERED AN 8743 07:12:37,001 --> 07:12:40,000 AMENDMENT TO REFORM THE UNFAIR 8744 07:12:40,001 --> 07:12:42,000 FORMULA THAT HAS CAUSED THESE 8745 07:12:42,001 --> 07:12:44,000 UNDULY LOW RURAL PAYMENTS DURING 8746 07:12:44,001 --> 07:12:47,000 THE FINANCE COMMITTEE'S MARKUP 8747 07:12:47,001 --> 07:12:53,000 OF THE HEALTH CARE REFM BILL. 8748 07:12:53,001 --> 07:12:58,000 MY AMENDMENT REQUIRES C.M.S. TO 8749 07:12:58,001 --> 07:13:02,000 USE ACCURATE DATA RATHER THAN 8750 07:13:02,001 --> 07:13:06,000 INACCURATE PROXIES T CALCULATE 8751 07:13:06,001 --> 07:13:08,000 THE GEOGRAPHIC ADJUSTORS FOR 8752 07:13:08,001 --> 07:13:10,000 PHYSICIAN PRACTICE COSTS. 8753 07:13:10,001 --> 07:13:11,000 MY AMENDMENT WAS ACCEPTED 8754 07:13:11,001 --> 07:13:13,000 UNANIMOUSLY BY THE ENTIRE SENATE 8755 07:13:13,001 --> 07:13:14,000 FINANCE COMMITTEE, AND IT WAS 8756 07:13:14,001 --> 07:13:15,000 INCLUDED IN THE PATIENT 8757 07:13:15,001 --> 07:13:18,000 PROTECTION AND AFFORDABLE CARE 8758 07:13:18,001 --> 07:13:20,000 ACT THAT WAS SIGNED INTO LAW BY 8759 07:13:20,001 --> 07:13:23,000 THE PRESIDENT IN MARCH. 8760 07:13:23,001 --> 07:13:25,000 IT IS A NATIONAL SOLUTION TO 8761 07:13:25,001 --> 07:13:29,000 THIS PROBLEM THAT HAS PLAGUED SO 8762 07:13:29,001 --> 07:13:31,000 MANY RURAL STATES. 8763 07:13:31,001 --> 07:13:33,000 UNFORTUNATELY, THE RURAL EQUITY 8764 07:13:33,001 --> 07:13:34,000 THAT MY AMENDMENT WOULD FINALLY 8765 07:13:34,001 --> 07:13:37,000 ACHIEVE HAS BEEN ENDANGERED BY 8766 07:13:37,001 --> 07:13:39,000 THE DEMOCRATIC MAJORITY'S SWEETHEART DEALS. 8767 07:13:39,001 --> 07:13:42,000 ONE OF THESE SWEETHEART DEALS 8768 07:13:42,001 --> 07:13:44,000 WAS ADDED TO THE SENATE HEALTH 8769 07:13:44,001 --> 07:13:45,000 CARE REFORM BILL THAT IS NOW 8770 07:13:45,001 --> 07:13:47,000 LAW. 8771 07:13:47,001 --> 07:13:49,000 THIS SPECIAL DEAL WAS ADDED 8772 07:13:49,001 --> 07:13:52,000 BEHIND CLOSED DOORS OF THE 8773 07:13:52,001 --> 07:13:54,000 SENATE MAJORITY LEADER'S -- 8774 07:13:54,001 --> 07:13:56,000 LEADER AND IT ADDRESSED THE 8775 07:13:56,001 --> 07:13:57,000 UNFAIRLY LOW PAYMENTS IN RURAL 8776 07:13:57,001 --> 07:13:59,000 STATES. 8777 07:13:59,001 --> 07:14:02,000 IT WAS INCLUDED IN THE SENATE 8778 07:14:02,001 --> 07:14:04,000 HEALTH REFORM BILL F TWO OF MY 8779 07:14:04,001 --> 07:14:08,000 DEMOCRATIC COLLEAGUES FROM 8780 07:14:08,001 --> 07:14:11,000 SO-CALLED FRONTIER STATES. 8781 07:14:11,001 --> 07:14:12,000 IT'S WHAT I CALL THE FRONTIER 8782 07:14:12,001 --> 07:14:17,000 FREE LOADER. 8783 07:14:17,001 --> 07:14:19,000 IT'S A PROVISION AND IT CAN BE 8784 07:14:19,001 --> 07:14:21,000 CALLED THAT BECAUSE IT JUST 8785 07:14:21,001 --> 07:14:23,000 HELPED JUST FIVE STATES. 8786 07:14:23,001 --> 07:14:25,000 IT HELPED FIVE STATES AT THE 8787 07:14:25,001 --> 07:14:29,000 EXPENSE OF 45 OTHERS. 8788 07:14:29,001 --> 07:14:30,000 THE FRONTIER FREE LOADER DEAL 8789 07:14:30,001 --> 07:14:33,000 GIVES HIGHER MEDICARE PAYMENTS 8790 07:14:33,001 --> 07:14:34,000 TO JUST FIVE STATES -- NORTH 8791 07:14:34,001 --> 07:14:37,000 DAKOTA, SOUTH DAKOTA, MONTANA, 8792 07:14:37,001 --> 07:14:38,000 WYOMING AND UTAH -- AND IT'S AT 8793 07:14:38,001 --> 07:14:39,000 THE EXPENSE OF EVERY OTHER 8794 07:14:39,001 --> 07:14:43,000 STATE. 8795 07:14:43,001 --> 07:14:44,000 SO EVEN THOUGH IOWA, NEW MEXICO, 8796 07:14:44,001 --> 07:14:47,000 ARKANSAS, MISSOURI, AND OTHER 8797 07:14:47,001 --> 07:14:50,000 RURAL STATES DON'T BENEFIT FROM 8798 07:14:50,001 --> 07:14:51,000 THIS DEAL, THEY HAVE TO PAY FOR 8799 07:14:51,001 --> 07:14:54,000 IT. 8800 07:14:54,001 --> 07:14:58,000 NOW, HERE WE ARE. 8801 07:14:58,001 --> 07:15:00,000 TAXPAYERS IN YOUR STATE AND 8802 07:15:00,001 --> 07:15:03,000 MINE, ALL THE OTHER 45 STATES 8803 07:15:03,001 --> 07:15:05,000 HAVE TO KICK IN TO PAY THE 8804 07:15:05,001 --> 07:15:07,000 \$2 BILLION FOR HIGHER MEDICARE 8805 07:15:07,001 --> 07:15:09,000 PAYMENTS FOR THESE FIVE 8806 07:15:09,001 --> 07:15:11,000 SO-CALLED FRONTIER STATES. 8807 07:15:11,001 --> 07:15:14,000 THIS IS ANOTHER EXAMPLE OF HOW 8808 07:15:14,001 --> 07:15:15,000 THE SECRET DEALS MADE BY THE 8809 07:15:15,001 --> 07:15:17,000 DEMOCRATIC MAJORITY LEADER TO 8810 07:15:17,001 --> 07:15:21,000 GET VOTES DURING HEALTH CARE 8811 07:15:21,001 --> 07:15:23,000 REFORM LED TO BAD POLICY LIKE 8812 07:15:23,001 --> 07:15:27,000 THE CORNHUSKER KICKBACK, THE 8813 07:15:27,001 --> 07:15:29,000 LOUISIANA PURCHASE, AND THE NOR 8814 07:15:29,001 --> 07:15:31,000 FLORIDA GATOR-AID. 8815 07:15:31,001 --> 07:15:33,000 I INTRODUCED LEGISLATION IN 8816 07:15:33,001 --> 07:15:35,000 APRIL TO REPEAL THESE SWEETHEART DEALS. 8817 07:15:35,001 --> 07:15:37,000 BILL, THE MEDICARE RURAL 8818 07:15:37,001 --> 07:15:39,000 HEALTH CARE EQUITY ACT, WOULD 8819 07:15:39,001 --> 07:15:41,000 ELIMINATE THIS SPECIAL DEAL FOR 8820 07:15:41,001 --> 07:15:43,000 THESE FIVE STATES. 8821 07:15:43,001 --> 07:15:46,000 WE SHOULD IMPROVE PHYSICIAN 8822 07:15:46,001 --> 07:15:50,000 PAYMENT FOR ALL RURAL STATES, 8823 07:15:50,001 --> 07:15:54,000 NOT JT A SELECT FEW. 8824 07:15:54,001 --> 07:15:58,000 THE COBURN AMENDMENT WOULD 8825 07:15:58,001 --> 07:16:00,000 ADDRESS A SIMILAR CONCERN, YET 8826 07:16:00,001 --> 07:16:01,000 ANOTHER SPECIAL DEAL FOR JUST 8827 07:16:01,001 --> 07:16:04,000 ONE STATE HAS BEEN INCLUDED IN 8828 07:16:04,001 --> 07:16:06,000 THE DEMOCRATS' TAXXTENDER BILL. 8829 07:16:06,001 --> 07:16:11,000 SECTION 522 OF THE DEMOCRATIC 8830 07:16:11,001 --> 07:16:14,000 SUBSTITUTE WOULD PROVIDE \$400 8831 07:16:14,001 --> 07:16:17,000 MILLION OVER TEN YEARS TO CREATE 8832 07:16:17,001 --> 07:16:19,000 YET A NEW SYSTEM FOR CALCULATING 8833 07:16:19,001 --> 07:16:20,000 PAYMENTS FOR PHYSICIANS IN RURAL 8834 07:16:20,001 --> 07:16:21,000 AREAS. 8835 07:16:21,001 --> 07:16:27,000 BUT YOU KNOW WHAT? 8836 07:16:27,001 --> 07:16:29,000 ONLY IN ONE STATE, CALIFORNIA. 8837 07:16:29,001 --> 07:16:31,000 SO THIS IS JUST ONE MORE EXAMPLE 8838 07:16:31,001 --> 07:16:34,000 OF THE SWEETHEART DEALS THAT 8839 07:16:34,001 --> 07:16:36,000 HAVE PERMEATED THE DEMOCRATIC 8840 07:16:36,001 --> 07:16:37,000 LEADERSHIP'S EFFORT DURING THIS 8841 07:16:37,001 --> 07:16:40,000 CONGRESS. 8842 07:16:40,001 --> 07:16:42,000 WILL THESE SPECIAL DEALS EVER 8843 07:16:42,001 --> 07:16:43,000 STOP? 8844 07:16:43,001 --> 07:16:44,000 I STRONGLY OPPOSE THESE 8845 07:16:44,001 --> 07:16:45,000 SWEETHEART DEALS AND I WILL 8846 07:16:45,001 --> 07:16:46,000 CONTINUE TO SPEAK OUT AGAINST 8847 07:16:46,001 --> 07:16:50,000 THEM. 8848 07:16:50,001 --> 07:16:52,000 AND I WILL CONTINUE TO WORK TO 8849 07:16:52,001 --> 07:16:53,000 PASS LEGISLATION TO REPEAL THESE 8850 07:16:53,001 --> 07:16:54,000 SPECIAL DEALS LIKE THE MEDICARE 8851 07:16:54,001 --> 07:16:56,000 RURAL HEALTH CARE EQUITY ACT 8852 07:16:56,001 --> 07:16:59,000 THAT I INTRODUCED THIS YEAR. 8853 07:16:59,001 --> 07:17:00,000 THAT'S WHY I STRONGLY SUPPORT 8854 07:17:00,001 --> 07:17:03,000 THE AMENDMENT BY MY COLLEAGUE 8855 07:17:03,001 --> 07:17:05,000 FROM OKLAHOMA TOTRIKE THIS 8856 07:17:05,001 --> 07:17:06,000 \$400 MILLION SWEETHEART DEAL FOR 8857 07:17:06,001 --> 07:17:08,000 CALIFORNIA FROM THE BILL. 8858 07:17:08,001 --> 07:17:09,000 AND I WOULD URGE MY COLLEAGUES, 8859 07:17:09,001 --> 07:17:11,000 ESPECIALLY THOSE FROM OTHER 8860 07:17:11,001 --> 07:17:12,000 RURAL STATES, TO DO THE SAME. 8861 07:17:12,001 --> 07:17:15,000 BECAUSE YOU SEE, WHAT HAPPENS 8862 07:17:15,001 --> 07:17:16,000 HERE WHEN YOU START DOING 8863 07:17:16,001 --> 07:17:19,000 SOMETHING FOR ONE STATE HERE AND 8864 07:17:19,001 --> 07:17:23,000 FIVE STATES OVER HERE, THERE'S 8865 07:17:23,001 --> 07:17:25,000 ABOUT 30 STATES, MAYBE 35 STATES 8866 07:17:25,001 --> 07:17:26,000 THAT HAVE SIMILAR PROBLEMS AND 8867 07:17:26,001 --> 07:17:28,000 WE OUGHT TO ATTACK THESE SIMILAR 8868 07:17:28,001 --> 07:17:36,000 PROBLEMS WITH THE SAME -- THE 8869 07:17:36,001 --> 07:17:37,000 SAME PRINCIPLE, AS I SEE IT. 8870 07:17:37,001 --> 07:17:39,000 MADAM PRESIDENT, AS I SAID, I 8871 07:17:39,001 --> 07:17:43,000 WANTED TO CONTINUE TO ADDRESS MY 8872 07:17:43,001 --> 07:17:47,000 COLLEAGUES ON THE SUBJECT OF 8873 07:17:47,001 --> 07:17:51,000 TIME-SENSITIVE-SE 8874 07:17:51,001 --> 07:17:54,000 TAX LEGISLATIVE BUSINESS 8875 07:17:54,001 --> 07:17:57,000 AND I'VE ALREADY SPOKEN ON OTHER 8876 07:17:57,001 --> 07:17:59,000 ITEMS, AND I HAVE A CHART HERE 8877 07:17:59,001 --> 07:18:01,000 THAT SAYS WHAT THE FOUR ITEMS 8878 07:18:01,001 --> 07:18:03,000 THAT ARE TIME SENSITIVE THAT WE 8879 07:18:03,001 --> 07:18:05,000 OUGHT TO BE WORKING ON AND HOW 8880 07:18:05,001 --> 07:18:06,000 FAR WE'VE GOTTEN ON SOME OF THEM 8881 07:18:06,001 --> 07:18:07,000 THEM. 8882 07:18:07,001 --> 07:18:09,000 AND OBVIOUSLY, AS YOU CAN SEE 8883 07:18:09,001 --> 07:18:10,000 FROM THE X'S THERE, THAT WE 8884 07:18:10,001 --> 07:18:12,000 HAVEN'T GOTTEN VERY FAR ON MOST 8885 07:18:12,001 --> 07:18:14,000 OF THEM. 8886 07:18:14,001 --> 07:18:18,000 LAST WEEK I DISCUSSED THE 8887 07:18:18,001 --> 07:18:20,000 UNFINISHED TAX LEGISLATIVE BUSINESS. 8888 07:18:20,001 --> 07:18:24,000 THIS CHART GIVES YOU AN UPDATE 8889 07:18:24,001 --> 07:18:27,000 OF THE LEGISLATION BEFORE THE 8890 07:18:27,001 --> 07:18:30,000 SENATE DEALS WITH ONLY ONE SMALL 8891 07:18:30,001 --> 07:18:33,000 HOWEVER IMPORTANT PART OF 8892 07:18:33,001 --> 07:18:34,000 UNFINISHED TAX LEGISLATIVE 8893 07:18:34,001 --> 07:18:37,000 BUSINESS. 8894 07:18:37,001 --> 07:18:38,000 THESE TAX EXTENDERS ARE ON THEIR 8895 07:18:38,001 --> 07:18:40,000 SECOND SENATE STOP. 8896 07:18:40,001 --> 07:18:41,000 THIS IS A BILL NOW BEFORE THE 8897 07:18:41,001 --> 07:18:44,000 SENATE. 8898 07:18:44,001 --> 07:18:46,000 AND AS THIS CHART SHOWS, THE TAX 8899 07:18:46,001 --> 07:18:49,000 EXTENDERS, WHICH ARE OVERDUE BY 8900 07:18:49,001 --> 07:18:50,000 ALMOST A HALF A YEAR, ARE NOT ALONE. 8901 07:18:50,001 --> 07:18:53,000 THERE ARE THREE OTHER MAJOR 8902 07:18:53,001 --> 07:18:56,000 AREAS OF UNFINISHED BUSINESS. 8903 07:18:56,001 --> 07:18:59,000 ONE AREA IS THE ONE THAT I 8904 07:18:59,001 --> 07:19:03,000 DISCUSSED A COUPLE DAYS AGO, THE 8905 07:19:03,001 --> 07:19:05,000 ALTERNATIVE MINIMUM TAX, THE 8906 07:19:05,001 --> 07:19:06,000 A.M.T. PATCH, THAT THING THAT IF 8907 07:19:06,001 --> 07:19:08,000 YOU DON'T DEAL WITH IT, THAT 8908 07:19:08,001 --> 07:19:13,000 ISSUE IF YOU DON'T DEAL WITH IT 8909 07:19:13,001 --> 07:19:15,000 IS GOING TO RAISE THE TAXES OF 8910 07:19:15,001 --> 07:19:16,000 24 MILLION AMERICANS, 8911 07:19:16,001 --> 07:19:18,000 MIDDLE-CLASS AMERICANS THAT, 8912 07:19:18,001 --> 07:19:19,000 QUITE FRANKLY, WERE NEVER 8913 07:19:19,001 --> 07:19:20,000 INTENDED TO PAY THE ALTERNATIVE 8914 07:19:20,001 --> 07:19:22,000 MINIMUM TAX. 8915 07:19:22,001 --> 07:19:23,000 AND IF WE DON'T FIXT, 8916 07:19:23,001 --> 07:19:25,000 24 MILLION MORE PEOPLE ARE GOING 8917 07:19:25,001 --> 07:19:30,000 TO SEE THEIR TAXES GO UP. 8918 07:19:30,001 --> 07:19:32,000 YESTERDAY, I ADDRESSED THE ISSUE 8919 07:19:32,001 --> 07:19:33,000 OF THE DEATH TAX. 8920 07:19:33,001 --> 07:19:37,000 THAT'S AN AREA THAT'S VERY, VERY 8921 07:19:37,001 --> 07:19:38,000 IMPORTANT AND I TOOK A LOT OF 8922 07:19:38,001 --> 07:19:40,000 TIME OF MY COLLEAGUES LAST NIGHT 8923 07:19:40,001 --> 07:19:42,000 TO EXPLAIN THE ISSUE AND 8924 07:19:42,001 --> 07:19:44,000 PARTICULARLY THE IMPACT ON SMALL 8925 07:19:44,001 --> 07:19:48,000 FAMILY-OWNED BUSINESSES THAT MAY 8926 07:19:48,001 --> 07:19:52,000 BE SOLD OFF BECAUSE WE DON'T 8927 07:19:52,001 --> 07:19:54,000 HAVE A GOOD ESTATE TAX POLICY. 8928 07:19:54,001 --> 07:19:58,000 THE THIRD AREA AND THE ONE I'M 8929 07:19:58,001 --> 07:20:01,000 GOING TO ADDRESS NOW IS THE 2001 8930 07:20:01,001 --> 07:20:04,000 AND 2003 TAX RATE CUTS AND 8931 07:20:04,001 --> 07:20:06,000 FAMILY TAX RELIEF PACKAGE AND 8932 07:20:06,001 --> 07:20:09,000 THAT IS THE ONE THAT IF CONGRESS 8933 07:20:09,001 --> 07:20:13,000 DOES NOTHING BETWEEN NOW AND 8934 07:20:13,001 --> 07:20:14,000 DECEMBER 31, STARTING JANUARY 1, 8935 07:20:14,001 --> 07:20:16,000 2011, THE AMERICAN PEOPLE ARE 8936 07:20:16,001 --> 07:20:17,000 GOING TO HAVE THE BIGGEST TAX 8937 07:20:17,001 --> 07:20:20,000 INCREASE IN THE HISTORY OF THE 8938 07:20:20,001 --> 07:20:22,000 COUNTRY AND WITHOUT EVEN A VOTE 8939 07:20:22,001 --> 07:20:25,000 OF CONGRESS. 8940 07:20:25,001 --> 07:20:30,000 BECAUSE EXISTING LAW WITH THE 8941 07:20:30,001 --> 07:20:34,000 TAX REDUCTIONS OF 2001 AND 2003 SUNSET. 8942 07:20:34,001 --> 07:20:36,000 SO SUNSET MEANS SIMPLY CONGRESS 8943 07:20:36,001 --> 07:20:37,000 DOES NOTHING, THE BIGGEST TAX 8944 07:20:37,001 --> 07:20:38,000 INCREASE IN THE HISTORY OF THE 8945 07:20:38,001 --> 07:20:40,000 COUNTRY HAPPENS WITHOUT US EVEN 8946 07:20:40,001 --> 07:20:41,000 CASTING A VOTE HERE IN THE 8947 07:20:41,001 --> 07:20:43,000 SENATE. 8948 07:20:43,001 --> 07:20:46,000 AS IMPORTANT AS THE A.M.T. PATCH 8949 07:20:46,001 --> 07:20:48,000 IS AND THE DEATH TAX ARE, THESE 8950 07:20:48,001 --> 07:20:52,000 TWO THAT I JUST MENTIONED ARE 8951 07:20:52,001 --> 07:20:56,000 DWARFED BY THE IMPACT OF THIS 8952 07:20:56,001 --> 07:20:57,000 THIRD PACKAGE OF EXPIRING TAX PROVISIONS. 8953 07:20:57,001 --> 07:21:00,000 I'M REFERRING TO THE MARGINAL 8954 07:21:00,001 --> 07:21:01,000 RATE CUTS IN THE FAMILY TAX 8955 07:21:01,001 --> 07:21:04,000 RELIEF OF THE BIPARTISAN TAX 8956 07:21:04,001 --> 07:21:08,000 RELIEF THAT WAS ENACTED IN 2001 8957 07:21:08,001 --> 07:21:10,000 AND 2003. 8958 07:21:10,001 --> 07:21:13,000 EFFORTS TO MAKE THESE TAX RELIEF 8959 07:21:13,001 --> 07:21:15,000 PACKAGES PERMANENT WERE REBUFFED REBUFFED. 8960 07:21:15,001 --> 07:21:21,000 THE RESISTANCE WAS THE RESULT OF 8961 07:21:21,001 --> 07:21:23,000 A HARD AND DETERMINED MINORITY 8962 07:21:23,001 --> 07:21:24,000 BACK THEN MARBLED BY THE SENATE 8963 07:21:24,001 --> 07:21:25,000 DEMOCRAT -- MARTIALED BY THE 8964 07:21:25,001 --> 07:21:27,000 SENATE DEMOCRATIC LEADERSHIP. 8965 07:21:27,001 --> 07:21:29,000 IT WAS REFLECTED IN THE 8966 07:21:29,001 --> 07:21:32,000 RESOLUTIONS OFFERED AND FILIBUSTERED. 8967 07:21:32,001 --> 07:21:33,000 EVEN MORE INEXPLICABLE THAN THE 8968 07:21:33,001 --> 07:21:34,000 DEMOCRATIC LEADERSHIP'S FAILURE 8969 07:21:34,001 --> 07:21:36,000 TO EXTEND POPULAR AND BIPARTISAN 8970 07:21:36,001 --> 07:21:41,000 TAX RELIEF ENACTED IN 2001 AND 8971 07:21:41,001 --> 07:21:45,000 2003 WERE SOME OF THE REASONS GIVEN. 8972 07:21:45,001 --> 07:21:48,000 IT WAS BASICALLY SAID THAT SINCE?? 8973 07:21:48,001 --> 07:21:49,000 REPUBLICANS WROTE THE LAW, IT IS 8974 07:21:49,001 --> 07:21:51,000 OUR, MEANING REPUBLICANS, 8975 07:21:51,001 --> 07:21:58,000 PROBLEM. 8976 07:21:58,001 --> 07:21:59,000 THE LEFT WING OF THE BLOGOSPHERE 8977 07:21:59,001 --> 07:22:00,000 ECHOED THE DEMOCRATIC 8978 07:22:00,001 --> 07:22:05,000 LEADERSHIP'S POSITION. 8979 07:22:05,001 --> 07:22:06,000 SOME OF THOSE REFLECTIONS IN THE 8980 07:22:06,001 --> 07:22:08,000 BLOGOSPHERE EVEN ALLEGED THAT 8981 07:22:08,001 --> 07:22:09,000 THE SUNSET WAS A REPUBLICAN 8982 07:22:09,001 --> 07:22:17,000 CONSPIRACY. 8983 07:22:17,001 --> 07:22:19,000 I CAME ACROSS A 2007 POSTING ON 8984 07:22:19,001 --> 07:22:24,000 "DAILY COES BLOG." 8985 07:22:24,001 --> 07:22:25,000 THE POLLSTER WAS TALKING TO THE 8986 07:22:25,001 --> 07:22:28,000 TAX RECONCILIATION ACT OF 2005 8987 07:22:28,001 --> 07:22:29,000 WHICH WAS ENACTED IN MAY 2006. 8988 07:22:29,001 --> 07:22:30,000 THAT LEGISLATION CONTAINED TWO 8989 07:22:30,001 --> 07:22:32,000 BASIC PIECES. 8990 07:22:32,001 --> 07:22:34,000 ONE WAS AN EXTENSION OF LOWER 8991 07:22:34,001 --> 07:22:35,000 RATES FOR CAPITAL GAINS AND 8992 07:22:35,001 --> 07:22:37,000 DIVIDENDS. 8993 07:22:37,001 --> 07:22:40,000 ANOTHER WAS THE EXTENSION OF THE 8994 07:22:40,001 --> 07:22:42,000 ALTERNATIVE MINIMUM TAX PATCH. 8995 07:22:42,001 --> 07:22:45,000 THE POLLSTER'S ANALYSIS 8996 07:22:45,001 --> 07:22:49,000 CONCLUDED THAT THE BILL WAS A -- 8997 07:22:49,001 --> 07:22:50,000 QUOTE, UNQUOTE -- "POISON PILL" 8998 07:22:50,001 --> 07:22:54,000 DESIGNED -- CAN YOU BELIEVE 8999 07:22:54,001 --> 07:22:55,000 IT? -- TO SABOTAGE THE ECONOMY 9000 07:22:55,001 --> 07:22:58,000 WHICH SUPPOSEDLY WOULD INCREASE 9001 07:22:58,001 --> 07:23:00,000 THE PROSPECTS OF REPUBLICAN 9002 07:23:00,001 --> 07:23:02,000 CANDIDATES IN 2012. 9003 07:23:02,001 --> 07:23:05,000 NOW, I KNOW THAT SOUNDS A LITTLE 9004 07:23:05,001 --> 07:23:11,000 FAR-FETCHED BUT THAT'S WHAT THE 9005 07:23:11,001 --> 07:23:12,000 COES POSTING OF THEIR BLOG SAID. 9006 07:23:12,001 --> 07:23:13,000 THE ARGUMENT SEEMS TO BE THAT 9007 07:23:13,001 --> 07:23:19,000 HAVING POPULAR AND BIPARTISAN 9008 07:23:19,001 --> 07:23:21,000 TAX RELIEF FROM 2001 AND 2003 9009 07:23:21,001 --> 07:23:24,000 ALL SUNSET AT THE END OF 2010 9010 07:23:24,001 --> 07:23:29,000 WOULD CAUSE SUCH AN ECONOMIC 9011 07:23:29,001 --> 07:23:30,000 MESS THAT THE DEMOCRATS, ASSUMED 9012 07:23:30,001 --> 07:23:32,000 BY THE POLLSTER TO BE IN POWER 9013 07:23:32,001 --> 07:23:34,000 AT THE TIME, WILL TAKE THE BLAME 9014 07:23:34,001 --> 07:23:39,000 AND SUFFER AT THE POLLS. 9015 07:23:39,001 --> 07:23:41,000 IN THE POSTING TITLED, "THE 9016 07:23:41,001 --> 07:23:44,000 MONSTER REPUBLICAN TAX HIKE," 9017 07:23:44,001 --> 07:23:47,000 THE POLLSTER STATED THAT -- 9018 07:23:47,001 --> 07:23:50,000 QUOTE -- "REPUBLICAN CONGRESSES 9019 07:23:50,001 --> 07:23:51,000 CHOSE NOT TO MAKE THEIR TAX CUTS 9020 07:23:51,001 --> 07:23:52,000 PERMANENT. 9021 07:23:52,001 --> 07:23:54,000 THE ARGUMENT SEEMS TO BE THAT 9022 07:23:54,001 --> 07:23:58,000 REPUBLICANS PUT SUNSET CLAUSES 9023 07:23:58,001 --> 07:24:01,000 IN THE BILL SOLELY TO IMPRO 9024 07:24:01,001 --> 07:24:03,000 LONG-TERM BUDGETROJECTIONS AND 9025 07:24:03,001 --> 07:24:05,000 THAT RESPONSIBILITY FOR THE 9026 07:24:05,001 --> 07:24:10,000 EXPIRATION OF TAX RELIEF RESTS 9027 07:24:10,001 --> 07:24:11,000 COMPLETELY WITH REPUBLICANS. 9028 07:24:11,001 --> 07:24:13,000 THE IMPLICATION IS THAT BY 9029 07:24:13,001 --> 07:24:15,000 LOWERING TAXES, REPUBLICANS ARE 9030 07:24:15,001 --> 07:24:18,000 REONSIBLE FOR A TAX INCREASE?? 9031 07:24:18,001 --> 07:24:20,000 THAT WOULD OCCUR WHEN THE 9032 07:24:20,001 --> 07:24:21,000 DEMOCRATIC MAJORITIES CONTROL 9033 07:24:21,001 --> 07:24:24,000 BOTH HOUSES OF CONGRESS. 9034 07:24:24,001 --> 07:24:26,000 A LITTLE FAR-FETCHED BECAUSE, 9035 07:24:26,001 --> 07:24:28,000 YOU KNOW, IT'S JUST SOME SORT OF 9036 07:24:28,001 --> 07:24:29,000 A CONSPIRACY THAT YOU CAN 9037 07:24:29,001 --> 07:24:30,000 CONTROL THE ELECTORATE AND THESE 9038 07:24:30,001 --> 07:24:31,000 THINGS ARE GOING TO EXACTLY WORK 9039 07:24:31,001 --> 07:24:33,000 OUT THIS WAY. 9040 07:24:33,001 --> 07:24:36,000 WELL, THAT'S OBVIOUSLY STUPID 9041 07:24:36,001 --> 07:24:38,000 BUT THAT DOESN'T KEEP BLOGGERS 9042 07:24:38,001 --> 07:24:41,000 FROM TALKING WHATEVER THEY WANT 9043 07:24:41,001 --> 07:24:43,000 TO BELIEVE. 9044 07:24:43,001 --> 07:24:45,000 NOW, THE COMMON AREA -- THE 9045 07:24:45,001 --> 07:24:46,000 COMMON TERRIES I JUST REFERRED -- 9046 07:24:46,001 --> 07:24:49,000 THE COMMENTARIES I REFERRED TO 9047 07:24:49,001 --> 07:24:52,000 ARE AVAILABLE TO ANYONE. 9048 07:24:52,001 --> 07:24:53,000 IN APRIL 12, 2007, EDITION OF 9049 07:24:53,001 --> 07:24:54,000 THE "CONGRESSIONAL RECORD," I'VE 9050 07:24:54,001 --> 07:24:55,000 HEARD THAT SOME MEMBERS ON THE 9051 07:24:55,001 --> 07:24:58,000 OTHER SIDE AS WELL AS KEY STAFF 9052 07:24:58,001 --> 07:25:00,000 HAD MADE SIMILAR ASSERTIONS. 9053 07:25:00,001 --> 07:25:03,000 AS ONE WHO WAS INVOLVED IN THE 9054 07:25:03,001 --> 07:25:07,000 WRITING OF THESE TAX RELIEF 9055 07:25:07,001 --> 07:25:13,000 PLANS OF 2001 AND 2003, I WANT 9056 07:25:13,001 --> 07:25:15,000 TO TELL MY FELLOW SENATORS 9057 07:25:15,001 --> 07:25:17,000 WITHOUT RESERVATION THAT THESE 9058 07:25:17,001 --> 07:25:20,000 ASSERTIONS ARE ABSOLUTELY UNTRUE 9059 07:25:20,001 --> 07:25:22,000 BEDES BEING RIDICULOUS. 9060 07:25:22,001 --> 07:25:24,000 TO BEGIN WITH, IT IS COMPLETELY 9061 07:25:24,001 --> 07:25:27,000 RIDICULOUS TO SUGGEST THAT 9062 07:25:27,001 --> 07:25:28,000 PRESIDENT BUSH AND REPUBLICANS 9063 07:25:28,001 --> 07:25:30,000 IN GENERAL DID NOT INTEND OR 9064 07:25:30,001 --> 07:25:31,000 DESIRE THE PERMANENCE OF TAX 9065 07:25:31,001 --> 07:25:32,000 RELIEF. 9066 07:25:32,001 --> 07:25:36,000 PRESIDENT BUSH AND REPUBLICANS 9067 07:25:36,001 --> 07:25:39,000 IN GENERAL HAVE FAVORED TAX 9068 07:25:39,001 --> 07:25:42,000 RELIEF PER 9069 07:25:42,001 --> 07:25:43,000 YOU NEED TO LOOK NO FURTHER THAN 9070 07:25:43,001 --> 07:25:44,000 THE BUDGETS THAT I'VE REFERRED 9071 07:25:44,001 --> 07:25:46,000 TO. 9072 07:25:46,001 --> 07:25:49,000 THE ADMINISTRATION AND 9073 07:25:49,001 --> 07:25:50,000 REPUBLICAN CONGRESS BUDGETS -- 9074 07:25:50,001 --> 07:25:53,000 BUDGETED FOR EXTENSION OF THE 9075 07:25:53,001 --> 07:25:54,000 BIPARTISAN TAX R PROVISIONS. 9076 07:25:54,001 --> 07:25:56,000 THAT ACTION AFFECTED THE BOTTOM 9077 07:25:56,001 --> 07:25:59,000 LINES OF THOSE BUDGETS. 9078 07:25:59,001 --> 07:26:01,000 WE HEARD OVER AND OVER AND OVER 9079 07:26:01,001 --> 07:26:03,000 AGAIN THE CRITICISM OF THOSE 9080 07:26:03,001 --> 07:26:05,000 BUDGETS. 9081 07:26:05,001 --> 07:26:06,000 WE HEARD IT FROM THE DEMOCRATIC 9082 07:26:06,001 --> 07:26:09,000 LEADERSHIP, LIBERAL THINK TANKS 9083 07:26:09,001 --> 07:26:11,000 AND SOME SYMPATHETIC EAST COAST 9084 07:26:11,001 --> 07:26:13,000 MEDIA. 9085 07:26:13,001 --> 07:26:15,000 AS A MATTER OF FACT, AFTER 3 1/2 9086 07:26:15,001 --> 07:26:17,000 YEARS OF CONGRESSIONAL CONTROL, 9087 07:26:17,001 --> 07:26:18,000 WE STILL HEAR THE DEMOCRATIC 9088 07:26:18,001 --> 07:26:19,000 LEADERSHIP'S CRITICISM EVERY D 9089 07:26:19,001 --> 07:26:20,000 DAY. 9090 07:26:20,001 --> 07:26:22,000 JUST RECENTLY, THE SPEAKER OF 9091 07:26:22,001 --> 07:26:23,000 THE HOUSE WAS ASKED WHEN THE 9092 07:26:23,001 --> 07:26:26,000 DEMOCRATIC LEADERSHIP WOULD 9093 07:26:26,001 --> 07:26:29,000 CEASE LAYING THE BLAME FOR ALL 9094 07:26:29,001 --> 07:26:34,000 FISCAL PROBLEMS ON REPUBLICAN 9095 07:26:34,001 --> 07:26:36,000 BUDGETS OF THE YEARS 2001-2006. 9096 07:26:36,001 --> 07:26:37,000 MSNBC'S CHUCK TODD RECENTLY 9097 07:26:37,001 --> 07:26:41,000 INTERVIEWED THE HIGHEST RANKING 9098 07:26:41,001 --> 07:26:42,000 DEMOCRAT IN THE HOUSE. 9099 07:26:42,001 --> 07:26:44,000 MR. TODD ASKED IF THERE WAS A 9100 07:26:44,001 --> 07:26:48,000 STATUTE OF LIMITATIONS ON 9101 07:26:48,001 --> 07:26:51,000 PLACING RESPONSIBILITY ON THE 9102 07:26:51,001 --> 07:26:53,000 QUOTE -- "AT ONE POINT DO YOU 9103 07:26:53,001 --> 07:26:55,000 THINK THE PUBLIC SAYS SOMETHING 9104 07:26:55,001 --> 07:26:59,000 LIKE THIS? 9105 07:26:59,001 --> 07:27:00,000 ' YOU KNOW WHAT, YES, WE WERE 9106 07:27:00,001 --> 07:27:01,000 UNHAPPY WITH THE BUSH 9107 07:27:01,001 --> 07:27:05,000 ADMINISTRATION BUT STOP BLAMING 9108 07:27:05,001 --> 07:27:07,000 THE BUSH ADMINISTRATION.'." 9109 07:27:07,001 --> 07:27:11,000 SO MR. TODD WENT ON TO SAY, WHEN 9110 07:27:11,001 --> 07:27:13,000 DOES THAT RUN OUT?" 9111 07:27:13,001 --> 07:27:17,000 BUT THEN MR. TODD SPECIFICALLY 9112 07:27:17,001 --> 07:27:18,000 ASKED: WELL, IT RUNS OUT WHEN 9113 07:27:18,001 --> 07:27:20,000 THE PROBLEM GOES -- NO, I'M 9114 07:27:20,001 --> 07:27:22,000 QUOTING THE SPEAKER NOW. 9115 07:27:22,001 --> 07:27:24,000 "WELL, IT RUNS OUT WHEN THE 9116 07:27:24,001 --> 07:27:27,000 PROBLEMS GO AWAY." 9117 07:27:27,001 --> 07:27:29,000 THE BLAME GAME 9118 07:27:29,001 --> 07:27:33,000 FOR DOING THE JOB THAT YOU'VE 9119 07:27:33,001 --> 07:27:35,000 BEEN HIRED TO DO. 9120 07:27:35,001 --> 07:27:38,000 PEOPLE ELECT FOLKS TO PUBLIC 9121 07:27:38,001 --> 07:27:39,000 OFFICE TO DO WHAT? 9122 07:27:39,001 --> 07:27:42,000 TO GOVERN. 9123 07:27:42,001 --> 07:27:43,000 GOVERN AT THE WILL OF THE PEOPLE PEOPLE. 9124 07:27:43,001 --> 07:27:45,000 GOVERNING ISN'T JUST ABOUT 9125 07:27:45,001 --> 07:27:46,000 ENJOYING THE BENEFITS OF PUBLIC 9126 07:27:46,001 --> 07:27:48,000 OFFICE. 9127 07:27:48,001 --> 07:27:49,000 THIS IS A PUBLIC TRUST THAT WE 9128 07:27:49,001 --> 07:27:50,000 HOLD. 9129 07:27:50,001 --> 07:27:53,000 WE WORK FOR THE AMERICAN PEOPLE. 9130 07:27:53,001 --> 07:27:55,000 EY DON'T WORK FOR US. 9131 07:27:55,001 --> 07:27:57,000 PART OF GOVERNING IS ALSO ABOUT 9132 07:27:57,001 --> 07:28:02,000 MAKING CHOICES. 9133 07:28:02,001 --> 07:28:03,000 SOME OF THOSE CHOICES ARE TOUGH, 9134 07:28:03,001 --> 07:28:05,000 AS WE KNOW, AND THOSE OF US IN 9135 07:28:05,001 --> 07:28:09,000 PUBLIC LIFE NEED TO BE 9136 07:28:09,001 --> 07:28:10,000 ACCOUNTABLE FOR THOSE CHOICES. 9137 07:28:10,001 --> 07:28:11,000 THE DEMOCRATIC LEADERSHIP CAN'T 9138 07:28:11,001 --> 07:28:12,000 HAVE IT BOTH WAYS. 9139 07:28:12,001 --> 07:28:14,000 THEY CAN'T CONTINUE THE 9140 07:28:14,001 --> 07:28:17,000 BIPARTISAN TAX RELIEF AND NOT BE 9141 07:28:17,001 --> 07:28:18,000 RESPONSIBLE FOR DEFICIT IMPACT 9142 07:28:18,001 --> 07:28:20,000 THOSE POLICIES CARRY. 9143 07:28:20,001 --> 07:28:23,000 NO FAMILY CAN MAKE DECISIONS 9144 07:28:23,001 --> 07:28:24,000 ABOUT ITS BUDGET AND EVADE THE 9145 07:28:24,001 --> 07:28:25,000 CONSEQUENCES BY BLAMING THEIR 9146 07:28:25,001 --> 07:28:28,000 NEXT-DOOR NEIGHBORS. 9147 07:28:28,001 --> 07:28:31,000 NO BUSINESS CAN MAKE DECISIONS 9148 07:28:31,001 --> 07:28:32,000 ABOUT ITS BUDGET AND EVADE THE 9149 07:28:32,001 --> 07:28:34,000 CONSEQUENCES BY BLAMING A 9150 07:28:34,001 --> 07:28:38,000 COMPETING BUSINESS. 9151 07:28:38,001 --> 07:28:41,000 THE FISCAL CONSEQUENCES ARE AN 9152 07:28:41,001 --> 07:28:44,000 IMPORTANT PART OF THAT DECISION. 9153 07:28:44,001 --> 07:28:47,000 THE STATUTORY PAYGO OR 9154 07:28:47,001 --> 07:28:49,000 PAY-AS-YOU-GO REGIME WAS ENACTED 9155 07:28:49,001 --> 07:28:51,000 AS PART OF THE LASTEBT LIMIT 9156 07:28:51,001 --> 07:28:54,000 INCREASE. 9157 07:28:54,001 --> 07:28:56,000 IT COVERS ONLY PART OF THE 9158 07:28:56,001 --> 07:28:57,000 REVENUE LAW SO MAKING PERMANENT 9159 07:28:57,001 --> 07:28:59,000 THE BIPARTISAN TAX RELIEF PLANS 9160 07:28:59,001 --> 07:29:00,000 OF 2001 AND 2003. 9161 07:29:00,001 --> 07:29:03,000 FOR EXAMPLE, THE ALTERNATIVE 9162 07:29:03,001 --> 07:29:05,000 MINIMUM TAX PATCH IS EXTENDED 9163 07:29:05,001 --> 07:29:10,000 FOR ONLY TWO YEARS. 9164 07:29:10,001 --> 07:29:15,000 DEATH TAX POLICY IS EXTENDED AT 9165 07:29:15,001 --> 07:29:16,000 2009 LEVELS ONLY THROUGH 2011. 9166 07:29:16,001 --> 07:29:18,000 NOW, HOW DO YOU PLAN ESTATES 9167 07:29:18,001 --> 07:29:21,000 WHEN YOU ONLY GOT A TAX LAW IN 9168 07:29:21,001 --> 07:29:24,000 PLACE FOR TWO YEARS? 9169 07:29:24,001 --> 07:29:25,000 EVEN -- EVEN WITH THOSE 9170 07:29:25,001 --> 07:29:28,000 LIMITATIONS, THE JOINT COMMITTEE 9171 07:29:28,001 --> 07:29:31,000 ON TAXATION STATES "COMPLYING 9172 07:29:31,001 --> 07:29:33,000 WITH THE PALING RULE MEANS A 9173 07:29:33,001 --> 07:29:36,000 REVENUE LOSS OF OVER \$1.5 9174 07:29:36,001 --> 07:29:37,000 TRILLION OVER TEN YEARS." 9175 07:29:37,001 --> 07:29:38,000 I ASK UNANIMOUS CONSENT TO 9176 07:29:38,001 --> 07:29:42,000 INSERT IN THE RECORD A COPY OF 9177 07:29:42,001 --> 07:29:44,000 THE JOINT COMMITTEE ON TAXATION 9178 07:29:44,001 --> 07:29:47,000 ESTIMATE OF THE TAX RELIEF 9179 07:29:47,001 --> 07:29:49,000 COVERED IN THE STATUTORY PAYGO, 9180 07:29:49,001 --> 07:29:51,000 AND THIS IS A SUMMATION OF THAT. 9181 07:29:51,001 --> 07:29:53,000 THE PRESIDING OFFICER: WITHOUT 9182 07:29:53,001 --> 07:29:55,000 OBJECTION. 9183 07:29:55,001 --> 07:29:57,000 MR. GRASSLEY: THE EXPIRING TAX 9184 07:29:57,001 --> 07:30:00,000 RELIEF I FEEL I'M TALKING ABOUT 9185 07:30:00,001 --> 07:30:04,000 TODAY INCLUDES THE MARGINAL RATE CUTS. 9186 07:30:04,001 --> 07:30:08,000 UNDER THE STATUTORY 9187 07:30:08,001 --> 07:30:10,000 PERMITTED IN 9188 07:30:10,001 --> 07:30:13,000 \$1.4 TRILLION, AS YOU CAN SEE AT 9189 07:30:13,001 --> 07:30:15,000 THE TOP OF THE CHART THERE. 9190 07:30:15,001 --> 07:30:18,000 ON THE RIGHT. 9191 07:30:18,001 --> 07:30:21,000 IT COVERS ABOUT 80% OF EXTENDING 9192 07:30:21,001 --> 07:30:24,000 ALL OF THE MARGINAL RATE CUTS 9193 07:30:24,001 --> 07:30:27,000 AND FAMILY TAX RELIEF FROM 2001 9194 07:30:27,001 --> 07:30:29,000 AND 2003 BIPARTISAN PLANS. 9195 07:30:29,001 --> 07:30:33,000 THAT NUMBER MAKES SENSE BECAUSE 9196 07:30:33,001 --> 07:30:36,000 THE BIPARTISAN TAX RELIEF PLANS 9197 07:30:36,001 --> 07:30:39,000 CUT TAXES FOR VIRTUALLY EVERY 9198 07:30:39,001 --> 07:30:40,000 AMERICAN FAMILY THAT PAYS INCOME 9199 07:30:40,001 --> 07:30:42,000 TAX. 9200 07:30:42,001 --> 07:30:45,000 HOW SIGNIFICANT AND HOW 9201 07:30:45,001 --> 07:30:48,000 WIDESPREAD IS THIS TAX RELIEF? 9202 07:30:48,001 --> 07:30:49,000 THIS CHART -- THIS CHART HERE, 9203 07:30:49,001 --> 07:30:51,000 DRAWN BY THE CONGRESSIONAL 9204 07:30:51,001 --> 07:30:54,000 BUDGET OFFICE -- AND I WANT TO 9205 07:30:54,001 --> 07:30:57,000 REMIND PEOPLE THROUGHOUT THE 9206 07:30:57,001 --> 07:30:59,000 NATION THAT C.B.O. IS A 9207 07:30:59,001 --> 07:31:03,000 PROFESSIONAL PEOPLE THAT SEE 9208 07:31:03,001 --> 07:31:04,000 NUMBERS AS WHAT THEY ARE, AVOID 9209 07:31:04,001 --> 07:31:08,000 POLITICS AND MAKE PREDICTIONS. 9210 07:31:08,001 --> 07:31:09,000 SO I HOPE THIS MAY SHED SOME 9211 07:31:09,001 --> 07:31:11,000 LIGHT ON THE QUESTION OF HOW 9212 07:31:11,001 --> 07:31:14,000 SIGNIFICANT AND WIDESPREAD IS 9213 07:31:14,001 --> 07:31:15,000 THE TAX RELIEF. 9214 07:31:15,001 --> 07:31:18,000 THE LINE MEASURES THE EFFECTIVE 9215 07:31:18,001 --> 07:31:19,000 TARATE PAID BY THE TOP 5% OF 9216 07:31:19,001 --> 07:31:22,000 THE TAXPAYERS. 9217 07:31:22,001 --> 07:31:23,000 THAT'S AT THE TOP TOP, THE TOP 9218 07:31:23,001 --> 07:31:25,000 LINE. 9219 07:31:25,001 --> 07:31:28,000 THIS GROUP ROUGHLY REPRESENTS 9220 07:31:28,001 --> 07:31:31,000 THOSE TAX-PAYING FAMILIES WITH 9221 07:31:31,001 --> 07:31:34,000 INCOMES OVER \$250,000. 9222 07:31:34,001 --> 07:31:36,000 UNDER THE DEMOCRAT LEADERSHIP'S 9223 07:31:36,001 --> 07:31:41,000 BUDGET, THIS LINE WILL GO BACK 9224 07:31:41,001 --> 07:31:44,000 UP TO WHERE IT WAS IN THE YEAR 9225 07:31:44,001 --> 07:31:51,000 2000. 9226 07:31:51,001 --> 07:31:53,000 IN THE YEAR 2000. 9227 07:31:53,001 --> 07:31:57,000 THIS IS -- THAT IS ALSO WHERE 9228 07:31:57,001 --> 07:31:59,000 THE PRESIDENT'S BUDGET, MEANING 9229 07:31:59,001 --> 07:32:01,000 PRESIDENT OBAMA'S BUDGET -- AND 9230 07:32:01,001 --> 07:32:08,000 THE STATUTORY PAY-AS-YOU-GO 9231 07:32:08,001 --> 07:32:10,000 REGIME WOULD TAKE THE RATES. 9232 07:32:10,001 --> 07:32:12,000 REPUBLICANS BELIEVE THIS 9233 07:32:12,001 --> 07:32:13,000 SIGNIFICANT TAX INCREASE WILL BE 9234 07:32:13,001 --> 07:32:15,000 A MISTAKE. 9235 07:32:15,001 --> 07:32:17,000 WE HOPE THAT WE WILL BE ABLE TO 9236 07:32:17,001 --> 07:32:19,000 DEBATE THIS POLICY IN THE HOUSE 9237 07:32:19,001 --> 07:32:22,000 AND SENATE, IN COMMITTEE, AND ON THE FLOOR. 9238 07:32:22,001 --> 07:32:25,000 THAT WAS, AFTER ALL, THE PROCESS 9239 07:32:25,001 --> 07:32:28,000 THAT WAS FOLLOWED WHEN THE 9240 07:32:28,001 --> 07:32:31,000 BIPARTISAN TAX RELIEF PLANS WERE 9241 07:32:31,001 --> 07:32:33,000 PASSED YEARS 2001, 2003, AND 9242 07:32:33,001 --> 07:32:35,000 2005. 9243 07:32:35,001 --> 07:32:38,000 WE WILL POINT OUT THAT ABOUT 9244 07:32:38,001 --> 07:32:42,000 HALF OF THE HEAVY TAX INCREASES 9245 07:32:42,001 --> 07:32:45,000 WILL FALL ON SMALL BUSINESS OWNERS. 9246 07:32:45,001 --> 07:32:50,000 THE TOP MARGINAL RATE ON SMALL 9247 07:32:50,001 --> 07:32:53,000 BUSINESS OWNERS WILL RISE BY 1 17%. 9248 07:32:53,001 --> 07:32:57,000 DEMOCRAT AND REPUBLICANS AGREE 9249 07:32:57,001 --> 07:32:59,000 SMALL BUSINESSES ARE A KEY JOB 9250 07:32:59,001 --> 07:33:01,000 CREATOR OF THE FUTURE AND FOR A 9251 07:33:01,001 --> 07:33:03,000 LONG PERIOD OF 9252 07:33:03,001 --> 07:33:05,000 ECONOMY. 9253 07:33:05,001 --> 07:33:07,000 PRESIDENT OBAMA CORRECTLY 9254 07:33:07,001 --> 07:33:10,000 POINTED OUT THAT SMALL BUSINESS 9255 07:33:10,001 --> 07:33:14,000 CREATES 70% OF NEW JOBS, AND I 9256 07:33:14,001 --> 07:33:18,000 DON'T ARGUE WITH HIS PERCENTAGE. 9257 07:33:18,001 --> 07:33:19,000 THE REST WILL ALSO HIT 9258 07:33:19,001 --> 07:33:22,000 INVESTMENT HARD. 9259 07:33:22,001 --> 07:33:23,000 OF THE TOP CAPITAL GAIN -- THE 9260 07:33:23,001 --> 07:33:24,000 TOP CAPITAL GAIN RATE ABOUT 9261 07:33:24,001 --> 07:33:28,000 RISELY 33%. 9262 07:33:28,001 --> 07:33:31,000 THE TOP DIVIDEND RATE COULD RISE 9263 07:33:31,001 --> 07:33:35,000 BY ALMOST 275%. 9264 07:33:35,001 --> 07:33:39,000 ALL OF THIS IS SET TO OCCUR, NOT 9265 07:33:39,001 --> 07:33:40,000 AT SOME FAR, DISTANT, FUTURE POINT. 9266 07:33:40,001 --> 07:33:43,000 IT OCCURS IN A LITTLE OVER HALF 9267 07:33:43,001 --> 07:33:47,000 A YEAR FROM RIGHT NOW. 9268 07:33:47,001 --> 07:33:50,000 WE ALL HOPE THAT THE ECONOMY IS 9269 07:33:50,001 --> 07:33:52,000 ON A PATH TO RECOVERY, BUT DOES 9270 07:33:52,001 --> 07:33:55,000 THIS HEAVY TAX INCREASE ON SMALL 9271 07:33:55,001 --> 07:34:11,000 BUSINESS OWNERS AND INVESTMENTS 9272 07:34:11,001 --> 07:34:16,000 EVER MAKE SENSE? 9273 07:34:16,001 --> 07:34:19,000 BECAUSE -- EVEN THE MOST LIBERAL 9274 07:34:19,001 --> 07:34:20,000 MEMBERS ON THE OTHER SIDE MIGHT 9275 07:34:20,001 --> 07:34:24,000 WONDER WHETHER IT MAKES SENSE 9276 07:34:24,001 --> 07:34:29,000 RIGHT NOW TO INCREASE TAXES, AT 9277 07:34:29,001 --> 07:34:32,000 A TIME THAT AS THE RECESSION IS ENDING. 9278 07:34:32,001 --> 07:34:34,000 THERE'S GOOD NEWS SOME DAYS, BAD NEWS SOME DAYS. 9279 07:34:34,001 --> 07:34:36,000 BUT THE UNCERTAINTY IS A FACTOR 9280 07:34:36,001 --> 07:34:39,000 THAT PEOPLE DON'T WANT TO MOVE 9281 07:34:39,001 --> 07:34:40,000 FORWARD WITH 9282 07:34:40,001 --> 07:34:42,000 CREATING JOBS. 9283 07:34:42,001 --> 07:34:44,000 DO WE REALLY THINK THEN THAT THE 9284 07:34:44,001 --> 07:34:47,000 PRIVATE SECTOR WILL GROW IF WE 9285 07:34:47,001 --> 07:34:49,000 HIT SMALL BUSINESS AND INVESTORS 9286 07:34:49,001 --> 07:34:50,000 THIS HARD SIX MONTHS FROM NOW -- 9287 07:34:50,001 --> 07:34:53,000 AND THEY AREN'T GOING TO WAIT 9288 07:34:53,001 --> 07:34:55,000 SIX MONTHS FROM NOW TO MAKE SOME DECISIONS. 9289 07:34:55,001 --> 07:34:56,000 THEY'RE MAKING THOSE DECISIONS 9290 07:34:56,001 --> 07:34:58,000 RIGHT NOW. 9291 07:34:58,001 --> 07:34:59,000 AND IF WE COULD GIVE THEM SOME 9292 07:34:59,001 --> 07:35:02,000 CERTAINTY, I THINK IT WOULD BE A 9293 07:35:02,001 --> 07:35:05,000 BIG BOOST FOR OUR ECONOMY. 9294 07:35:05,001 --> 07:35:07,000 YOU CAN SEE THA THE BIPARTISAN 9295 07:35:07,001 --> 07:35:09,000 TAX RELIEF BROUGHT THE EFFECTIVE 9296 07:35:09,001 --> 07:35:12,000 RATE DOWN WITH RESPECT TO THE 9297 07:35:12,001 --> 07:35:16,000 BOTTOM5% OF THE TAXPAYERS, AND 9298 07:35:16,001 --> 07:35:17,000 THIS IS THE RED LINE. 9299 07:35:17,001 --> 07:35:19,000 SOME OF MY COLLEAGUES ON THE 9300 07:35:19,001 --> 07:35:22,000 OTHER SIDE OF THE AISLE MAY BE 9301 07:35:22,001 --> 07:35:24,000 THINKING TO THEMSELVES, SURE, 9302 07:35:24,001 --> 07:35:26,000 THIS IS TRUE FOR INCOME TAXES. 9303 07:35:26,001 --> 07:35:27,000 BUT WHAT ABOUT OTHER FEDERAL 9304 07:35:27,001 --> 07:35:29,000 TAXES LIKE SOCIAL SECURITY, 9305 07:35:29,001 --> 07:35:32,000 WHICH MAKE UP A LARGE PERCENTAGE 9306 07:35:32,001 --> 07:35:34,000 OF TAXES PAID BY MIDDLE- AND 9307 07:35:34,001 --> 07:35:36,000 LOW-INCOME INDIVIDUALS? 9308 07:35:36,001 --> 07:35:38,000 WELL, THIS CHART IS NOT JUST A 9309 07:35:38,001 --> 07:35:41,000 DEPICTION OF FEDERAL INCOME TAXES. 9310 07:35:41,001 --> 07:35:43,000 IT INCLUDES ALL FEDERAL TAXES. 9311 07:35:43,001 --> 07:35:45,000 THIS INCLUDES SOCIAL SECURITY, 9312 07:35:45,001 --> 07:35:47,000 OTHER PAYROLL TAXES, EXCISE 9313 07:35:47,001 --> 07:35:48,000 TAXES FREQUENTLY REFERRED TO BY 9314 07:35:48,001 --> 07:35:52,000 MY COLLEAGUES ON THE OTHER SIDE 9315 07:35:52,001 --> 07:35:53,000 OF THE AISLE AS REGRESSIVE 9316 07:35:53,001 --> 07:35:55,000 TAXES, EVEN INCLUDING ALL 9317 07:35:55,001 --> 07:35:58,000 FERAL TAXES. 9318 07:35:58,001 --> 07:36:01,000 OVER THE LAST 30 YEARS, THE TOP 9319 07:36:01,001 --> 07:36:03,000 5% HAVE PAID A LOT HIGHER 9320 07:36:03,001 --> 07:36:05,000 EFFECTIVE TAX RATE THAN THE 9321 07:36:05,001 --> 07:36:07,000 BOTTOM 95%. 9322 07:36:07,001 --> 07:36:08,000 IT'S BEEN THAT WAY NO MATTER 9323 07:36:08,001 --> 07:36:11,000 WHICH PARTY HAS CONTROLLED THE 9324 07:36:11,001 --> 07:36:12,000 WHITE HOUSE. 9325 07:36:12,001 --> 07:36:13,000 OR CONTROLLED CONGRESS, OR 9326 07:36:13,001 --> 07:36:17,000 CONTROLLED BOTH. 9327 07:36:17,001 --> 07:36:19,000 IT SHOWS SOMETHING YOU WOULD 9328 07:36:19,001 --> 07:36:22,000 NEVER KNOW IF YOU LISTEN TO THE 9329 07:36:22,001 --> 07:36:26,000 RHETOR FROM THE OTHER SIDE OR 9330 07:36:26,001 --> 07:36:28,000 EVEN THE PUNDITRY OF THE MEDIA 9331 07:36:28,001 --> 07:36:30,000 AND THE LEFT. 9332 07:36:30,001 --> 07:36:34,000 HERE'S WHAT IT SHOWS: 9333 07:36:34,001 --> 07:36:37,000 A PROGRESSIVE INCOME TAX SYSTEM 9334 07:36:37,001 --> 07:36:40,000 IS VERY DEEPLY EMBEDDED INTO OUR CULTURE. 9335 07:36:40,001 --> 07:36:45,000 THE BIPARTISAN TAX RELIEF PLANS 9336 07:36:45,001 --> 07:36:48,000 OF 2001 AND 2003 MADE THE SYSTEM 9337 07:36:48,001 --> 07:36:50,000 YET MORE PROGRESSIVE. 9338 07:36:50,001 --> 07:36:53,000 THOSE PLANS BROUGHT THE RATES 9339 07:36:53,001 --> 07:36:55,000 DOWN FOR THE BOTTOM 95% OF 9340 07:36:55,001 --> 07:36:59,000 TAXPAYERS. 9341 07:36:59,001 --> 07:37:02,000 THE 2001 AND 2003 TAX RELIEF 9342 07:37:02,001 --> 07:37:04,000 PLANS DROPPED THE EFFECTIVE TAX 9343 07:37:04,001 --> 07:37:07,000 RATE FOR TAX-PAYING FAMILIES 9344 07:37:07,001 --> 07:37:11,000 UNDER \$250,000 TO THEIR LOWEST 9345 07:37:11,001 --> 07:37:15,000 LEVELS IN A WHOLE GENERATION. 9346 07:37:15,001 --> 07:37:16,000 THIS IS THE CURRENT LAW LEVEL OF 9347 07:37:16,001 --> 07:37:17,000 TAXATION. 9348 07:37:17,001 --> 07:37:20,000 IT'S A LITTLE OVER HALF A YEAR. 9349 07:37:20,001 --> 07:37:24,000 THESE RATES WILL POP BACK UP FOR 9350 07:37:24,001 --> 07:37:25,000 ALL OF THESE TAXPAYERS. 9351 07:37:25,001 --> 07:37:27,000 I HAVE A COUPLE CHARTS THAT 9352 07:37:27,001 --> 07:37:30,000 ILLUSTRATE HOW SIGNIFICANT THE 9353 07:37:30,001 --> 07:37:31,000 TAX HIT WILL BE. 9354 07:37:31,001 --> 07:37:33,000 MIDDLE-INCOME FAMILIES WILL RUN 9355 07:37:33,001 --> 07:37:36,000 RIGHT INTO 9356 07:37:36,001 --> 07:37:40,000 I'VE USED THESE CHARTS SEVERAL 9357 07:37:40,001 --> 07:37:42,000 TIMES IN THE LAST FEW MONTHS. 9358 07:37:42,001 --> 07:37:48,000 FOR A FAMILY OF FOUR WITH INCOME 9359 07:37:48,001 --> 07:37:50,000 OF \$50,000, THAT'S A TAX WALL OF 9360 07:37:50,001 --> 07:37:52,000 \$2,300 9361 07:37:52,001 --> 07:37:55,000 FOR A SINGLE MOM WITH TWO KIDS 9362 07:37:55,001 --> 07:38:00,000 EARNING \$30,000, THAT TAX WALL 9363 07:38:00,001 --> 07:38:03,000 WILL BE \$1,100. 9364 07:38:03,001 --> 07:38:06,000 THE PRESIDENT, AS POWERFUL AS HE 9365 07:38:06,001 --> 07:38:08,000 IS, CANNOT UNILATERALLY HIKE OR CUT TAXES. 9366 07:38:08,001 --> 07:38:10,000 HE NEEDS A BILL FROM CONGRESS TO 9367 07:38:10,001 --> 07:38:13,000 DO THAT. 9368 07:38:13,001 --> 07:38:15,000 ON OUR SIDE, WE WANT ALL THE TAX 9369 07:38:15,001 --> 07:38:16,000 RELIEF MADE PERLT. 9370 07:38:16,001 --> 07:38:18,000 WE WANT - 9371 07:38:18,001 --> 07:38:20,000 WE WANT THE OPPORTUNITY TO 9372 07:38:20,001 --> 07:38:24,000 DEBATE AND TO AMEND A BILL THAT 9373 07:38:24,001 --> 07:38:26,000 DEALS WITH THIS BASIC LEVEL OF 9374 07:38:26,001 --> 07:38:28,000 TAXATION. 9375 07:38:28,001 --> 07:38:32,000 AND, AS HAS BEEN MADE CLEAR FOR 9376 07:38:32,001 --> 07:38:34,000 THE LAST THREE AND A HALF YEARS, 9377 07:38:34,001 --> 07:38:35,000 REPUBLICANS DO NOT CONTROL THIS 9378 07:38:35,001 --> 07:38:39,000 CONGRESS. 9379 07:38:39,001 --> 07:38:40,000 MARGINAL RATE CUTS AND FAMILY 9380 07:38:40,001 --> 07:38:43,000 TAX RELIEF. 9381 07:38:43,001 --> 07:38:46,000 THIS IS UNFINISHED BUSINESS. 9382 07:38:46,001 --> 07:38:48,000 IT'S UNFINISHED TAX LEGISLATIVE 9383 07:38:48,001 --> 07:38:50,000 BUSINESS THAT AFFECTS EVERY 9384 07:38:50,001 --> 07:38:54,000 AMERICAN TAXPAYER. 9385 07:38:54,001 --> 07:38:57,000 IT WIL 9386 07:38:57,001 --> 07:38:58,000 CONSEQUENCES. 9387 07:38:58,001 --> 07:38:59,000 THEY'RE PRETTY SIGNIFICANT 9388 07:38:59,001 --> 07:39:01,000 FISCAL CONSEQUENCES, AS YOU CAN 9389 07:39:01,001 --> 07:39:02,000 SEE BY THE FIGURES ON THIS 9390 07:39:02,001 --> 07:39:05,000 CHART. 9391 07:39:05,001 --> 07:39:06,000 IT'S GOING TO RAISE TAXES AN 9392 07:39:06,001 --> 07:39:07,000 AWFUL LOT. 9393 07:39:07,001 --> 07:39:09,000 IF THE DEMOCRATIC LEADERSHIP 9394 07:39:09,001 --> 07:39:10,000 WANTS TO KEEP THESE LEVELS OF 9395 07:39:10,001 --> 07:39:11,000 TAXATION LOW, THEN THEY HAVE TO 9396 07:39:11,001 --> 07:39:14,000 DEAL WITH THE FISCAL 9397 07:39:14,001 --> 07:39:15,000 CONSEQUENCES. 9398 07:39:15,001 --> 07:39:18,000 ULTIMATELY, THE DEMOCRATIC 9399 07:39:18,001 --> 07:39:20,000 LEADERSHIP CAN RAISE TAXES AND 9400 07:39:20,001 --> 07:39:23,000 CLAIM THE REVENUE, NOT CHANGE 9401 07:39:23,001 --> 07:39:25,000 THE LAW BY FAILING THE ACT IS 9402 07:39:25,001 --> 07:39:26,000 THE SAME AS RAISING RATES ON 9403 07:39:26,001 --> 07:39:30,000 VIRTUALLY EVERY 9404 07:39:30,001 --> 07:39:32,000 TAXPAYER. 9405 07:39:32,001 --> 07:39:34,000 BUT, THEY WILL HAVE TO EXPLAIN 9406 07:39:34,001 --> 07:39:37,000 TO THE TAXPAYERS WHY THEY RAISED 9407 07:39:37,001 --> 07:39:41,000 TAXES BY ALMOST 10% ON AVERAGE. 9408 07:39:41,001 --> 07:39:44,000 IN THE 2006 ELECTION, ALMOST 9409 07:39:44,001 --> 07:39:46,000 FOUR YEARS AGO, THE AMERICAN 9410 07:39:46,001 --> 07:39:47,000 PEOPLE PROVIDED THE DEMOCRATIC 9411 07:39:47,001 --> 07:39:48,000 LEADERSHIP WITH CONTROL OF THE 9412 07:39:48,001 --> 07:39:52,000 CONGRESS. 9413 07:39:52,001 --> 07:39:54,000 IN 9414 07:39:54,001 --> 07:39:56,000 MONTHS AGO, THE AMERICAN PEOPLE 9415 07:39:56,001 --> 07:39:59,000 PROVIDED THE DEMOCRATIC 9416 07:39:59,001 --> 07:40:00,000 LEADERSHIP WITH YET THE LARGEST 9417 07:40:00,001 --> 07:40:01,000 MAJORITIES IN MORE THAN A 9418 07:40:01,001 --> 07:40:03,000 GENERATION. 9419 07:40:03,001 --> 07:40:05,000 THEY ALSO PROVIDED THE 9420 07:40:05,001 --> 07:40:07,000 DEMOCRATIC LEADERSHIP WITH A 9421 07:40:07,001 --> 07:40:09,000 PRESIDENT OF THEIR PARTY. 9422 07:40:09,001 --> 07:40:14,000 THE DEMOCRATIC LEADERSHIP SPENT 9423 07:40:14,001 --> 07:40:16,000 THE PERIODS OF 2001 TO 2006 9424 07:40:16,001 --> 07:40:19,000 THWARTING OUR EFFORTS TO MAKE 9425 07:40:19,001 --> 07:40:23,000 BIPARTISAN TAX RELIEF OF 2001 9426 07:40:23,001 --> 07:40:27,000 AND 2003 PERMANENT. 9427 07:40:27,001 --> 07:40:29,000 NOW, IT WOULD SEEM OKAY TO JUST 9428 07:40:29,001 --> 07:40:33,000 KEEP REPUBLICAN BILLS OF 2001 9429 07:40:33,001 --> 07:40:37,000 THROUGH 2006 FROM MAYBE BEING 9430 07:40:37,001 --> 07:40:41,000 MADE PERMANENT, BUT THE 2001 TAX 9431 07:40:41,001 --> 07:40:44,000 BILL WAS VERY BIPARTISAN. 9432 07:40:44,001 --> 07:40:46,000 NOW, UPON ASSUMING CONTROL, THEY 9433 07:40:46,001 --> 07:40:48,000 HA SPENT THREE AND A HALF 9434 07:40:48,001 --> 07:40:50,000 YEARS WITH NO LEGISLATION TO 9435 07:40:50,001 --> 07:40:53,000 MAKE PERMANENT OR EVEN EXTEND 9436 07:40:53,001 --> 07:40:55,000 MARGINAL TAX RATES AND FAMILY 9437 07:40:55,001 --> 07:40:56,000 TAX RELIEF PACKAGES. 9438 07:40:56,001 --> 07:40:58,000 MY FRIENDS IN THE DEMOCRATIC 9439 07:40:58,001 --> 07:40:59,000 LEADERSHIP NEED TO STEP UP TO 9440 07:40:59,001 --> 07:41:04,000 THE PLATE. 9441 07:41:04,001 --> 07:41:08,000 WE'VE HAD BUDGETS AND STATUTORY PAY-AS-YOU-GO. 9442 07:41:08,001 --> 07:41:10,000 WE'VE DEBATED AND VOTED ON THE 9443 07:41:10,001 --> 07:41:12,000 BREADTH AND COMPOSITION OF 9444 07:41:12,001 --> 07:41:16,000 MARGINAL RATE CUTS AND FAMILY 9445 07:41:16,001 --> 07:41:20,000 TAX RELIEF IN THOSE CONTEXTS. 9446 07:41:20,001 --> 07:41:23,000 YET NO LEGISLATIVE ACTION, NO 9447 07:41:23,001 --> 07:41:26,000 HOUSE COMMITTEE AND FLOOR 9448 07:41:26,001 --> 07:41:27,000 ACTION, NO SENATE COMMI 9449 07:41:27,001 --> 07:41:28,000 FLOOR 9450 07:41:28,001 --> 07:41:32,000 AND THAT WOULD BE THE BOTTOM 9451 07:41:32,001 --> 07:41:36,000 LINE THERE, THE X'S SHOW NOTHING 9452 07:41:36,001 --> 07:41:38,000 PPENING ON SOMETHING TO GIVE 9453 07:41:38,001 --> 07:41:40,000 PERMANENCE TO TAX LAW, TO GIVE 9454 07:41:40,001 --> 07:41:42,000 PREDICTABILITY TO THE FUTURE OF 9455 07:41:42,001 --> 07:41:44,000 THOSE PEOPLE THAT HAVE TO PUT UP 9456 07:41:44,001 --> 07:41:47,000 MONEY TO CREATE JOBS THAT 9457 07:41:47,001 --> 07:41:49,000 EXPANDS OUR ECONOMY, A 9458 07:41:49,001 --> 07:41:51,000 UNDERSTAND WITHOUT IT -- AND 9459 07:41:51,001 --> 07:41:52,000 WITHOUT IT, THE BIGGEST TAX 9460 07:41:52,001 --> 07:41:54,000 INCREASE IN THE HISTORY OF THE 9461 07:41:54,001 --> 07:41:57,000 COUNTRY COULD BE A FACT. 9462 07:41:57,001 --> 07:41:58,000 SO I SAY ONCE AGAIN, STEP UP TO 9463 07:41:58,001 --> 07:42:00,000 THE PLATE. 9464 07:42:00,001 --> 07:42:02,000 BLAMING FORMER PRESIDENT GEORGE 9465 07:42:02,001 --> 07:42:05,000 W. BUSH AND REPUBLICAN 9466 07:42:05,001 --> 07:42:07,000 CONGRESSES OF MANY SESSIONS AGO 9467 07:42:07,001 --> 07:42:10,000 IS NO SUBSTITUTE FOR RUNNING 9468 07:42:10,001 --> 07:42:11,000 THIS TIME-SENSITIVE TAX 9469 07:42:11,001 --> 07:42:14,000 LEGISLATIVE BUSINESS THROUGH THE 9470 07:42:14,001 --> 07:42:15,000 PROCESS. 9471 07:42:15,001 --> 07:42:18,000 PUT FORWARD PROPOSALS. 9472 07:42:18,001 --> 07:42:20,000 LET'S DEBATE THOSE PROPOSALS. 9473 07:42:20,001 --> 07:42:22,000 LET'S ALLOW FOR AMENDMENTS. 9474 07:42:22,001 --> 07:42:25,000 ALLOW VOTES ON AMENDMENTS. 9475 07:42:25,001 --> 07:42:28,000 DO THE PEOPLE'S BUSINESS. 9476 07:42:28,001 --> 07:42:30,000 THE A TIME TO CHECK -- IT'S TIME 9477 07:42:30,001 --> 07:42:31,000 TO CHECK EVERY ONE OF THESE 9478 07:42:31,001 --> 07:42:36,000 BOXES. 9479 07:42:36,001 --> 07:42:39,000 BEFORE I YIELD THE FLOOR, I 9480 07:42:39,001 --> 07:42:41,000 WOULD ASK UNANIMOUS 9481 07:42:41,001 --> 07:42:43,000 MICHAELE BURN AND JEREMIAH LONG, 9482 07:42:43,001 --> 07:42:45,000 MEMBERS OF MY STAFF, BE GRANTED 9483 07:42:45,001 --> 07:42:48,000 FLOOR PRIVILEGES FOR THE 9484 07:42:48,001 --> 07:42:49,000 DURATION OF DEBATE ON 9485 07:42:49,001 --> 07:42:53,000 THE PRESIDING OFFICER: WITHOUT 9486 07:42:53,001 --> 07:42:54,000 OBJECTION. 9487 07:42:54,001 --> 07:43:21,000 MR. GRASSLEY: I YIELD THE 9488 07:43:21,001 --> 07:43:22,000 FLR]R. 9489 07:43:22,001 --> 07:43:23,000 MR. COBURN: MADAM 9490 07:43:23,001 --> 07:43:24,000 THE PRESIDING OFFICER: THE 9491 07:43:24,001 --> 07:43:32,000 SENATOR FROM OKLAHOMA. 9492 07:43:32,001 --> 07:43:35,000 MR. COBURN: THANK YOU. 9493 07:43:35,001 --> 07:43:36,000 I WILL I OFFED A RATHER 9494 07:43:36,001 --> 07:43:38,000 LENGTHY AMENDMENT TO THIS BILL 9495 07:43:38,001 --> 07:43:39,000 -- I OFFERED A RATHER LENGTHY 9496 07:43:39,001 --> 07:43:42,000 AMENDMENT TO THIS BILL, NOT 9497 07:43:42,001 --> 07:43:43,000 BECAUSE I WAS TRYING TO BE CUTE. 9498 07:43:43,001 --> 07:43:45,000 BUT I THINK THE AMERICAN PEOPLE 9499 07:43:45,001 --> 07:43:48,000 GOT TO HEAR FROM US ON WHETHER 9500 07:43:48,001 --> 07:43:50,000 WE'RE GOING TO MAKE SOME OF THE 9501 07:43:50,001 --> 07:43:53,000 COMMONSENSE CHANGES THAT THEY 9502 07:43:53,001 --> 07:43:55,000 WOULD EXPECT US TO MAKE OR NOT. 9503 07:43:55,001 --> 07:43:56,000 AND THERE ARE A LOT OF EASY 9504 07:43:56,001 --> 07:43:59,000 VOTES IN THIS AMENDMENT. 9505 07:43:59,001 --> 07:44:01,000 I MEAN, TO NOT PAY CONTRACTORS 9506 07:44:01,001 --> 07:44:04,000 WHEN THEY DON'T DESERVE TO BE 9507 07:44:04,001 --> 07:44:06,000 CONTRACTORS? 9508 07:44:06,001 --> 07:44:09,000 PAY OR CONTINUE TO DO THAT? 9509 07:44:09,001 --> 07:44:11,000 WE DID IT TO THE TUNE OF \$6 9510 07:44:11,001 --> 07:44:12,000 BILLION IN THE PENTAGON OVER THE 9511 07:44:12,001 --> 07:44:14,000 LAST SIX YEARS. 9512 07:44:14,001 --> 07:44:15,000 THEALS NOT HARD. 9513 07:44:15,001 --> 07:44:18,000 TO QUIT PRINTING AND WASTING 9514 07:44:18,001 --> 07:44:19,000 MONEY ON THINGS WE SHOULDN'T BE PRINTING? 9515 07:44:19,001 --> 07:44:24,000 THAT ISN'T HAMPLETD BUT THE 9516 07:44:24,001 --> 07:44:25,000 -- BUT THE DEBATE IS 9517 07:44:25,001 --> 07:44:27,000 AS IMPORTANT, JUST AS IMPORTANT 9518 07:44:27,001 --> 07:44:29,000 AS TAKINGARE OF THOSE PEOPLE WHO ARE UNEMPLOYED. 9519 07:44:29,001 --> 07:44:31,000 BECAUSE IF WE DON'T CYCLE 9520 07:44:31,001 --> 07:44:32,000 THROUGH TO A GOOD RECOVERY, 9521 07:44:32,001 --> 07:44:35,000 WE'RE GOING TO HAVE LESS 9522 07:44:35,001 --> 07:44:36,000 OPPORTUNITY TO BORROW MONEY TO 9523 07:44:36,001 --> 07:44:40,000 BE ABLE TO HELP THOSE PEOPLE WHO 9524 07:44:40,001 --> 07:44:43,000 ARE UNEMPLOYED. 9525 07:44:43,001 --> 07:44:46,000 WE NOW STAND AT A CROSSROADS IN 9526 07:44:46,001 --> 07:44:49,000 OUR COUNTRY THAT WE'VE NEVER BEEN. 9527 07:44:49,001 --> 07:44:54,000 WE'VE NEVER BEEN HERE BEFORE. 9528 07:44:54,001 --> 07:44:57,000 OUR GROSS DEBT IS OVER -- IT IS 9529 07:44:57,001 --> 07:45:01,000 IN EXCESS OF \$17 TRILLION. 9530 07:45:01,001 --> 07:45:02,000 OUR NET DEBT'S AT \$13.2 TRILLION. 9531 07:45:02,001 --> 07:45:04,000 THE DIFFERENCE BETWEEN THAT IS 9532 07:45:04,001 --> 07:45:08,000 THE MONEY THAT THE CONGRESS HAS 9533 07:45:08,001 --> 07:45:10,000 STOLEN FROM SOCIAL SECURITY AND 9534 07:45:10,001 --> 07:45:11,000 A MYRIAD OTHER TRUST FUNDS THAT 9535 07:45:11,001 --> 07:45:14,000 AREUCH SMALLER. 9536 07:45:14,001 --> 07:45:16,000 BUT WE'VE BORROWED IT AND PIECE 9537 07:45:16,001 --> 07:45:18,000 A -- PUT A PIECE OF PAPER IN AND 9538 07:45:18,001 --> 07:45:19,000 SAID I'LL PAY YOU BACK. 9539 07:45:19,001 --> 07:45:20,000 THE FACT IS WE HAVE TO PAY 9540 07:45:20,001 --> 07:45:22,000 INTEREST ON THAT. 9541 07:45:22,001 --> 07:45:24,000 IT'S COMPOUNDING AND WE'LL 9542 07:45:24,001 --> 07:45:25,000 EVENTUALLY HAVE TO PAY IT BACK. 9543 07:45:25,001 --> 07:45:27,000 ONLY IN WASHINGTON WOULD WE TALK 9544 07:45:27,001 --> 07:45:28,000 ABOUT NET DEBT WHEN IN FACT 9545 07:45:28,001 --> 07:45:31,000 WE'RE PAYING INTEREST ON THE GROSS DEBT. 9546 07:45:31,001 --> 07:45:37,000 WE HAD TESTIMONY BEFORE THE DEBT 9547 07:45:37,001 --> 07:45:38,000 COMMISSION JUST TWO WEEKS AGO BY DR. RHINEHART, ONE OF THE 9548 07:45:38,001 --> 07:45:40,000 LEADING ECONOMISTSN THIS 9549 07:45:40,001 --> 07:45:45,000 COUNTRY, AND SAYS WE'RE IN 9550 07:45:45,001 --> 07:45:46,000 EXCESS OF 90 % OF OUR G.D.P., 9551 07:45:46,001 --> 07:45:48,000 OUR DEBT. 9552 07:45:48,001 --> 07:45:50,000 WHAT DID THETELL US? 9553 07:45:50,001 --> 07:45:52,000 WE'RE STRUGGLING WITH A RECESSION. 9554 07:45:52,001 --> 07:45:53,000 WE'RE TRYING TO COME OUT OF A 9555 07:45:53,001 --> 07:45:55,000 RECESSION, AND YOU KNOW WHAT 9556 07:45:55,001 --> 07:45:58,000 THEY TOLD US? 9557 07:45:58,001 --> 07:46:00,000 IS WITH THAT MUCH DEBT, IT'S 9558 07:46:00,001 --> 07:46:03,000 SUPPRESSING THE GROWTH OF OUR 9559 07:46:03,001 --> 07:46:08,000 ECONOMY BY 1% A YEAR. 9560 07:46:08,001 --> 07:46:10,000 1% A YEAR IS \$170 BILLION IN 9561 07:46:10,001 --> 07:46:14,000 PRODUCTIVITY AND ECONOMIC 9562 07:46:14,001 --> 07:46:15,000 ACTIVITY THAT DIDN'T HAPPEN. 9563 07:46:15,001 --> 07:46:24,000 AND IF YOU CALCULATE THAT IN 9564 07:46:24,001 --> 07:46:25,000 TERMS OF JOBS, THAT'S ABOUT 3 9565 07:46:25,001 --> 07:46:29,000 MILLION JOBS THAT AREN'T GOING 9566 07:46:29,001 --> 07:46:31,000 TO BE CREATED NEXT YEAR BECAUSE 9567 07:46:31,001 --> 07:46:36,000 THE CONGRESSES BEFORE US, AND 9568 07:46:36,001 --> 07:46:39,000 THIS ONE AS WELL, REFUSES TO 9569 07:46:39,001 --> 07:46:43,000 LIVE WITHIN OUR MEANS. 9570 07:46:43,001 --> 07:46:44,000 AND WE HAVE -- IN TERMS OF 9571 07:46:44,001 --> 07:46:46,000 WASHINGTON, A RELATELY SMALL 9572 07:46:46,001 --> 07:46:48,000 BILL NOW. 9573 07:46:48,001 --> 07:46:50,000 \$100 BILLION-PLUS. 9574 07:46:50,001 --> 07:46:53,000 AND IT WAS PULLED FROM THE FLOOR 9575 07:46:53,001 --> 07:46:55,000 TO MAKE IT SMALLER, NOT TO PAY 9576 07:46:55,001 --> 07:46:57,000 FOR A SIGNIFICANT AMOUNT MORE, 9577 07:46:57,001 --> 07:46:58,000 JUST TO MAKE IT SMALLER, WHEN IN 9578 07:46:58,001 --> 07:47:00,000 FACT WHAT THE AMERICAN PEOPLE 9579 07:47:00,001 --> 07:47:02,000 WANT US TO DO IS IF WE NEED TO 9580 07:47:02,001 --> 07:47:03,000 DO THESE THINGS, FIND SOMETHING 9581 07:47:03,001 --> 07:47:05,000 SOMEWHERE WITHIN THE FEDERAL 9582 07:47:05,001 --> 07:47:07,000 GOVERNMENT THAT DOESN'T MAKE SENSE. 9583 07:47:07,001 --> 07:47:10,000 DON'T BORROW IT FROM OUR CHILDREN. 9584 07:47:10,001 --> 07:47:13,000 DO THE HARD WORK OF FINDING WHAT 9585 07:47:13,001 --> 07:47:14,000 ISN'T WORKING UP THERE. 9586 07:47:14,001 --> 07:47:16,000 AND SO WE'RE GOING TO HAVE 9587 07:47:16,001 --> 07:47:19,000 EVENTUALLY A CLOTURE VOTE ON THIS. 9588 07:47:19,001 --> 07:47:21,000 MY HOPE IS UNLESS WE CHANGE THIS 9589 07:47:21,001 --> 07:47:25,000 BILL, THAT THIS BL DOESN'T 9590 07:47:25,001 --> 07:47:27,000 PROCEED UNTIL WE ACCEDE TO THE 9591 07:47:27,001 --> 07:47:33,000 DEMANDS OF THE AMERICAN PUBLIC. 9592 07:47:33,001 --> 07:47:34,000 AND IT'S REALLY SIMPLE. 9593 07:47:34,001 --> 07:47:35,000 CONGRESS START LIVING LIKE WE'RE 9594 07:47:35,001 --> 07:47:36,000 LIVING. 9595 07:47:36,001 --> 07:47:38,000 START MAKING THE HARD CHOICES. 9596 07:47:38,001 --> 07:47:39,000 WHEN YOU HAVE A LIMITED BUDGET, 9597 07:47:39,001 --> 07:47:41,000 DO WHAT'S MOST IMPORTANT FIRST. 9598 07:47:41,001 --> 07:47:42,000 DO WHAT'S LEAST IMPORTANT LAST. 9599 07:47:42,001 --> 07:47:44,000 GET RID OF WASTE. 9600 07:47:44,001 --> 07:47:46,000 GET RID OF THINGS THAT SHOULD 9601 07:47:46,001 --> 07:47:48,000 HAVE GOTTEN RID OF A LONG TIME 9602 07:47:48,001 --> 07:47:49,000 AGO, AND DO WHAT'S BEST FOR THE 9603 07:47:49,001 --> 07:47:51,000 FUTURE OF THE COUNTRY. 9604 07:47:51,001 --> 07:47:52,000 WE'RE NOT DOING THAT WITH THIS 9605 07:47:52,001 --> 07:47:53,000 BILL. 9606 07:47:53,001 --> 07:47:55,000 YOU CAN'T GET ANYBODY TO DEBATE 9607 07:47:55,001 --> 07:47:58,000 ON THE OTHER SIDE. 9608 07:47:58,001 --> 07:48:02,000 THEY WON'T DEFEND IT. 9609 07:48:02,001 --> 07:48:03,000 YOU CANNOT DEFEND BORROWING \$50 9610 07:48:03,001 --> 07:48:05,000 BILLION MORE AGAINST OUR 9611 07:48:05,001 --> 07:48:08,000 CHILDREN AND GRANDCHILDREN WHEN 9612 07:48:08,001 --> 07:48:09,000 WE HAVE \$300 BILLION OF WASTE, 9613 07:48:09,001 --> 07:48:10,000 FRAUD, ABUSE AND DUPLICATION IN 9614 07:48:10,001 --> 07:48:13,000 THE FEDERAL GOVERNMENT RIGHT NOW 9615 07:48:13,001 --> 07:48:15,000 THAT WE HAVE REJECTED EVERY TIME 9616 07:48:15,001 --> 07:48:17,000 WHEN THOSE AMENDMENTS COME TO 9617 07:48:17,001 --> 07:48:19,000 THE FLOOR. 9618 07:48:19,001 --> 07:48:21,000 YOU CAN'T DO IT. 9619 07:48:21,001 --> 07:48:24,000 AND SO WE PLAY THE POLITICAL 9620 07:48:24,001 --> 07:48:28,000 GAME IN WASHINGTON. 9621 07:48:28,001 --> 07:48:32,000 AND WE HAD IT IN FEBRUARY. 9622 07:48:32,001 --> 07:48:35,000 OUR COLLEAGUES PASSED 9623 07:48:35,001 --> 07:48:36,000 AND IT'S REALLYO PAYGO OR 9624 07:48:36,001 --> 07:48:38,000 TO PAYGO. 9625 07:48:38,001 --> 07:48:40,000 AND WHAT PAYGO MEANS IS YOU 9626 07:48:40,001 --> 07:48:42,000 AMERICAN TAXPAYERS, YOU PAY AND 9627 07:48:42,001 --> 07:48:45,000 WE'LL GO SPEND YOUR MONEY. 9628 07:48:45,001 --> 07:48:50,000 BECAUSE THE STATUTE SAID WE 9629 07:48:50,001 --> 07:48:52,000 WOULD NO LONGER SPEND NEW MONEY 9630 07:48:52,001 --> 07:48:53,000 ON ANYTHING UNLESS WE PAID FOR 9631 07:48:53,001 --> 07:48:57,000 IT. 9632 07:48:57,001 --> 07:48:59,000 NOW, SINCE FEBRUARY 12 -- SINCE 9633 07:48:59,001 --> 07:49:05,000 FEBRUARY 12, WHEN THIS BILL WAS 9634 07:49:05,001 --> 07:49:09,000 SIGNED INTO LAW, FEBRUARY 24, WE 9635 07:49:09,001 --> 07:49:11,000 BORROWED \$46 BILLION. WE WAIVED PAYGO. 9636 07:49:11,001 --> 07:49:12,000 WE SAID THE RULE DOESN'T APPLY 9637 07:49:12,001 --> 07:49:14,000 NOW. THIS IS MORE IMPORTANT. 9638 07:49:14,001 --> 07:49:16,000 IT WAS THE HIGHWAY TRUST FUND. 9639 07:49:16,001 --> 07:49:17,000 IT DOESN'T APPLY. 9640 07:49:17,001 --> 07:49:19,000 RATHER THAN CUT SOME OF THE 9641 07:49:19,001 --> 07:49:21,000 WASTE, FRAUD, AND ABPWAOUFPLTS 9642 07:49:21,001 --> 07:49:22,000 WE DIDN'T D IT -- ABUSE, WE 9643 07:49:22,001 --> 07:49:24,000 DIDN'T DO IT. 9644 07:49:24,001 --> 07:49:26,000 RATHER THAN CUT OUT THINGS WHICH 9645 07:49:26,001 --> 07:49:27,000 ARE DUPLICATIONS, WE DIDN'T DO 9646 07:49:27,001 --> 07:49:28,000 IT. 9647 07:49:28,001 --> 07:49:29,000 WE BORROWED THAT FROM OUR 9648 07:49:29,001 --> 07:49:31,000 GRANDCHILDREN. 9649 07:49:31,001 --> 07:49:33,000 WE DID IT TWICE IN MARCH. 9650 07:49:33,001 --> 07:49:34,000 \$99 BILLION OUT OF THE SENATE 9651 07:49:34,001 --> 07:49:35,000 AND \$10 BILLION. 9652 07:49:35,001 --> 07:49:37,000 ONE WAS FOR AN EXTENSION. 9653 07:49:37,001 --> 07:49:38,000 ONE WAS FOR THE OVERALL TAX 9654 07:49:38,001 --> 07:49:40,000 EXTENDERS BILL. 9655 07:49:40,001 --> 07:49:44,000 WE DIDN'T QUIT THERE. 9656 07:49:44,001 --> 07:49:48,000 MARCH CAME, EXTENDED FOR 60 DAYS. 9657 07:49:48,001 --> 07:49:51,000 APRIL CAME, \$18 BILLION MORE. 9658 07:49:51,001 --> 07:49:52,000 MAY CAME, HERE'S MAY, MAY 20, WE 9659 07:49:52,001 --> 07:49:54,000 DID \$20 BILLION MORE. 9660 07:49:54,001 --> 07:49:57,000 PAYGO DIDN'T APPLY. WE WAIVED IT. 9661 07:49:57,001 --> 07:49:59,000 WE SAID IT DOESN'T COUNT. 9662 07:49:59,001 --> 07:50:01,000 THE RULE DOESN'T COUNT TO U 9663 07:50:01,001 --> 07:50:03,000 WHAT GOOD IS IT IF YOU HAVE A 9664 07:50:03,001 --> 07:50:04,000 RULE OR A STATUTE THAT SAYS 9665 07:50:04,001 --> 07:50:07,000 WE'RE NOT GOING TO STEAL FROM 9666 07:50:07,001 --> 07:50:09,000 OUR CHILDREN ANYMORE, AND EVERY 9667 07:50:09,001 --> 07:50:11,000 TIME SOMETHING COMES UP, WE 9668 07:50:11,001 --> 07:50:13,000 STEAL FROM OUR CHILDREN? 9669 07:50:13,001 --> 07:50:14,000 IT'S A FARCE. 9670 07:50:14,001 --> 07:50:18,000 IT'S MEANINGLESS. 9671 07:50:18,001 --> 07:50:19,000 THAT'S WHY WE DIDN'T VOTE FOR 9672 07:50:19,001 --> 07:50:21,000 IT, BECAUSE ALL IT WAS IS A 9673 07:50:21,001 --> 07:50:22,000 CHARADE TO TELL THE AMERICAN 9674 07:50:22,001 --> 07:50:24,000 PEOPLE SOMEBODY WAS DOING 9675 07:50:24,001 --> 07:50:25,000 SOMETHING THAT THEY ACTUALLY 9676 07:50:25,001 --> 07:50:27,000 WEREN'T. 9677 07:50:27,001 --> 07:50:29,000 THE PROOF IN THE PUDDING IS WE 9678 07:50:29,001 --> 07:50:31,000 BORROWED \$59 BILLION ON THE 27th OF MAY. 9679 07:50:31,001 --> 07:50:33,000 AND NOW WE HAVE A BILL OUT HERE 9680 07:50:33,001 --> 07:50:36,000 ON THE 17th OF JUNE THAT'S 9681 07:50:36,001 --> 07:50:37,000 GOING TO BORROW ANOTHER \$50 9682 07:50:37,001 --> 07:50:40,000 BILLION. 9683 07:50:40,001 --> 07:50:45,000 HOW VALUABLE IS THE LIFE OF 9684 07:50:45,001 --> 07:50:49,000 CHILDREN THAT WE WOULD OPPORTUNITY? 9685 07:50:49,001 --> 07:50:51,000 YOU KNOW, THAT SOUNDS LIKE A 9686 07:50:51,001 --> 07:50:57,000 IT'S NOT. 9687 07:50:57,001 --> 07:50:59,000 I WANT Y 9688 07:50:59,001 --> 07:51:02,000 MADI IS A LITTLE GIRL THAT WAS OUTSIDE HERE. 9689 07:51:02,001 --> 07:51:03,000 I SAW THIS ON THE INTERNET. 9690 07:51:03,001 --> 07:51:10,000 I ACTUALLY GOT TO MEET HER. 9691 07:51:10,001 --> 07:51:11,000 HER SIGN ACTUALLY SAID "\$37,000" 9692 07:51:11,001 --> 07:51:14,000 SIX MONTHS AGO. 9693 07:51:14,001 --> 07:51:18,000 IN THE LAST SIX MONTHS, SHE'S 9694 07:51:18,001 --> 07:51:20,000 GONE FROM OWING \$37,000, EVERY 9695 07:51:20,001 --> 07:51:24,000 INDIVIDUAL MAN, WOMAN, AND CHILD 9696 07:51:24,001 --> 07:51:27,000 IN THIS COUNTRY, TO OWING 9697 07:51:27,001 --> 07:51:28,000 \$42,000. 9698 07:51:28,001 --> 07:51:30,000 WHAT'S HER LIFE WORTH? 9699 07:51:30,001 --> 07:51:34,000 WHAT'S THE OPPORTUNITY FOR HER WORTH? 9700 07:51:34,001 --> 07:51:38,000 ARE CHILDREN JUST A TOY? 9701 07:51:38,001 --> 07:51:40,000 ORO WE OWE IT TO THEM BASED ON 9702 07:51:40,001 --> 07:51:41,000 WHAT'S BEEN GIVEN TO US, TO 9703 07:51:41,001 --> 07:51:43,000 CREATE OPPORTUNITY AND A CHANCE 9704 07:51:43,001 --> 07:51:47,000 FOR A BETTER LIFE FOR THE 9705 07:51:47,001 --> 07:51:50,000 MADELEINES OF THIS WORLD? 9706 07:51:50,001 --> 07:51:53,000 THE PROBLEM IS AS WE'RE SET UP 9707 07:51:53,001 --> 07:51:59,000 RIGHT NOW, NINE YEARS FROM NOW, 9708 07:51:59,001 --> 07:52:04,000 THAT NUMBER'S GOING TO BE 9709 07:52:04,001 --> 07:52:05,000 \$187,000 PER MAN, WOMAN, AND 9710 07:52:05,001 --> 07:52:08,000 CHILD. 9711 07:52:08,001 --> 07:52:10,000 AND IN 25 YEARS FROM NOW, IF WE 9712 07:52:10,001 --> 07:52:13,000 DON'T CHANGE WHAT WE'RE DOING -- 9713 07:52:13,001 --> 07:52:14,000 AND WE WILL CHANGE BECAUSE THE 9714 07:52:14,001 --> 07:52:16,000 WORLD FINANCIAL COMMUNITY WIL 9715 07:52:16,001 --> 07:52:17,000 QUIT LOANING US MONEY. 9716 07:52:17,001 --> 07:52:19,000 BUT IF WE DON'T CHANGE, IT WILL 9717 07:52:19,001 --> 07:52:21,000 BE OVER \$1 MILLION. 9718 07:52:21,001 --> 07:52:24,000 JUST PUT YOUR CALCULATOR ON FOR 9719 07:52:24,001 --> 07:52:25,000 A MINUTE AND CALCULATE 6% ON A 9720 07:52:25,001 --> 07:52:26,000 MILLION. 9721 07:52:26,001 --> 07:52:28,000 THAT'S THE INTEREST COST FOR 9722 07:52:28,001 --> 07:52:31,000 WHAT WE WILL HAVE SPENT IN MONEY 9723 07:52:31,001 --> 07:52:34,000 THAT WE DIDN'T HAVE PER PERSON 9724 07:52:34,001 --> 07:52:38,000 IN THIS COUNTRY. 9725 07:52:38,001 --> 07:52:42,000 THAT'S \$60,000, 25 YEARS FROM 9726 07:52:42,001 --> 07:52:43,000 NOW THAT EVERY ONE OF US THAT'S 9727 07:52:43,001 --> 07:52:45,000 STILL ALIVE WILL BE PAYING EACH 9728 07:52:45,001 --> 07:52:46,000 YEAR JUST IN ADDITIONAL INTEREST 9729 07:52:46,001 --> 07:52:47,000 BEFORE WE DO ANYTHING WITH THE 9730 07:52:47,001 --> 07:52:49,000 FEDERAL GOVERNMENT. 9731 07:52:49,001 --> 07:52:51,000 THIS GOVERNMENT IS SO FAR OUT OF 9732 07:52:51,001 --> 07:52:52,000 CONTROL -- IT'S NOT PRESIDENT 9733 07:52:52,001 --> 07:52:55,000 OBAMA'S FAULT. 9734 07:52:55,001 --> 07:52:56,000 IT IS THE CONGRESS'S FAULT. 9735 07:52:56,001 --> 07:52:58,000 PRESIDENTS CAN'T DO THINGS 9736 07:52:58,001 --> 07:53:04,000 WITHOUT US. 9737 07:53:04,001 --> 07:53:06,000 WE ALLOW IT 9738 07:53:06,001 --> 07:53:08,000 WE HAVE BEEN REBELLIOUS AGAINST 9739 07:53:08,001 --> 07:53:09,000 TH PRINCIPLES AND VALUES THAT 9740 07:53:09,001 --> 07:53:11,000 MADE THIS COUNTRY GREAT. 9741 07:53:11,001 --> 07:53:14,000 THERE'S NEVER BEEN A COUNTRY 9742 07:53:14,001 --> 07:53:17,000 THAT IS THAT HAS ACHIEVED 9743 07:53:17,001 --> 07:53:18,000 ECONOMICALLY, CULTURALLY, 9744 07:53:18,001 --> 07:53:20,000 SCIENTIFICALLY, ANYTHING CLOSE 9745 07:53:20,001 --> 07:53:22,000 TO WHAT WE'VE CREATED. 9746 07:53:22,001 --> 07:53:23,000 AND THE CONGRESSES ARE 9747 07:53:23,001 --> 07:53:28,000 DESTROYING IT. 9748 07:53:28,001 --> 07:53:30,000 AND THIS BILL IS ANOTHER LITTLE 9749 07:53:30,001 --> 07:53:33,000 DROP THAT WILL EVENTUALLY TURN 9750 07:53:33,001 --> 07:53:37,000 THE STATUTE OVER THAT SAYS THE 9751 07:53:37,001 --> 07:53:39,000 FUTURE'S NOT HERE. 9752 07:53:39,001 --> 07:53:43,000 THIS ISN'T A PARTISAN DEBATE. 9753 07:53:43,001 --> 07:53:48,000 THIS IS A GENERATIONAL DEBATE, 9754 07:53:48,001 --> 07:53:50,000 BECAUSE WE ARE THIEVING. 9755 07:53:50,001 --> 07:53:51,000 GENERATIONAL THEFT IS WHAT WE'RE 9756 07:53:51,001 --> 07:53:52,000 ABOUT, BECAUSE WE LACK THE 9757 07:53:52,001 --> 07:53:56,000 COURAGE TO CONFRONT THE REAL 9758 07:53:56,001 --> 07:53:58,000 PROBLEMS THAT WE HAVE AND 9759 07:53:58,001 --> 07:54:01,000 EMBRACE, EVEN THOUGH IT MAY COST 9760 07:54:01,001 --> 07:54:03,000 US POLITICALLY, DOING THE RIGHT 9761 07:54:03,001 --> 07:54:07,000 THINGS TO ENSURE AN AMERICAN 9762 07:54:07,001 --> 07:54:14,000 DREAM FOR THE MADELEINES OF THIS WORLD. 9763 07:54:14,001 --> 07:54:16,000 WE'RE FAILING TO DO THAT. 9764 07:54:16,001 --> 07:54:18,000 WHAT AN ABANDONMENT OF OUR OATH. 9765 07:54:18,001 --> 07:54:19,000 WHAT A REJECTION OF WHAT WAS 9766 07:54:19,001 --> 07:54:24,000 GIVEN TO US. 9767 07:54:24,001 --> 07:54:26,000 AND YET, WE HAVE THE GALL TO 9768 07:54:26,001 --> 07:54:30,000 COME OUT HERE WEEK AFTER WEEK 9769 07:54:30,001 --> 07:54:31,000 AND SPEND MONEY WE DON'T HAVE ON 9770 07:54:31,001 --> 07:54:34,000 SOME THINGS THAT ARE NECESSARY, 9771 07:54:34,001 --> 07:54:35,000 SOME THAT AREN'T, BUT ALLOW US 9772 07:54:35,001 --> 07:54:37,000 TO CONTINUE TO SPEND BILLIONS OF 9773 07:54:37,001 --> 07:54:38,000 DOLLARS ON THINGS THAT WE 9774 07:54:38,001 --> 07:54:41,000 SHOULDN'T BE SPENDING IT ON 9775 07:54:41,001 --> 07:54:44,000 BECAUSE BASICALLY WE LACK 9776 07:54:44,001 --> 07:54:46,000 COURAGE. 9777 07:54:46,001 --> 07:54:48,000 IT'S COWARDICE. 9778 07:54:48,001 --> 07:54:53,000 IT'S COWARDICE. 9779 07:54:53,001 --> 07:54:55,000 AND SO I'M COMMITTED NOT JUST TO MADELEINE. 9780 07:54:55,001 --> 07:54:56,000 THIS DOESN'T HAVE ANYTHING TO DO 9781 07:54:56,001 --> 07:54:58,000 WITH THE REPUBLICAN OR DEMOCRATIC PARTY. 9782 07:54:58,001 --> 07:55:01,000 IT HAS TO DO WITH THE SURVIVAL 9783 07:55:01,001 --> 07:55:05,000 OF OUR COUNTRY AS WE KNOW IT. 9784 07:55:05,001 --> 07:55:07,000 AND YET, WE CONTINUOUSLY HEAR 9785 07:55:07,001 --> 07:55:08,000 "NO, WE CAN'T. 9786 07:55:08,001 --> 07:55:09,000 WE CAN'T DO THIS. 9787 07:55:09,001 --> 07:55:11,000 WE CAN'T DO THIS. 9788 07:55:11,001 --> 07:55:15,000 WE CAN'T GET RID OF THE EASY 9789 07:55:15,001 --> 07:55:17,000 THINGS TO GET RID OF BECAUSE 9790 07:55:17,001 --> 07:55:18,000 SOMEBODY WELL-HEELED OR SOMEBODY 9791 07:55:18,001 --> 07:55:20,000 WELL-CONNECTED SOMEWHE DOESN'T 9792 07:55:20,001 --> 07:55:21,000 WANT US TO. 9793 07:55:21,001 --> 07:55:23,000 SO WHO RUNS THE COUNTRY? 9794 07:55:23,001 --> 07:55:25,000 DO THE PEOPLE OF THIS COUNTRY 9795 07:55:25,001 --> 07:55:31,000 CONTROL US? 9796 07:55:31,001 --> 07:55:32,000 OR IS IT THE WELL-HEELED OR THE WELL-CONNECTED? 9797 07:55:32,001 --> 07:55:33,000 ARE THOSE THAT WILL BE 9798 07:55:33,001 --> 07:55:36,000 ADVANTAGED BY US CONTINUING TO 9799 07:55:36,001 --> 07:55:40,000 WASTE MONEY WHEN WE SHOULDN'T? 9800 07:55:40,001 --> 07:55:42,000 THE FACT THAT WE SPEND \$6 9801 07:55:42,001 --> 07:55:43,000 BILLION OVER THE LAST FIVE YEARS 9802 07:55:43,001 --> 07:55:44,000 PAYING PEFORMANCE BONUSES TO 9803 07:55:44,001 --> 07:55:47,000 COMPANIES THAT CONTRACT WITH THE 9804 07:55:47,001 --> 07:55:49,000 FEDERAL GOVERNMENT ON PEFORMANCE 9805 07:55:49,001 --> 07:55:50,000 THAT THEY DIDN'T EARN, AND WE 9806 07:55:50,001 --> 07:55:54,000 WON'T PASS A LAW IN A BILL THAT 9807 07:55:54,001 --> 07:55:57,000 SAYS YOU CAN'T DO THAT ANYMORE, 9808 07:55:57,001 --> 07:55:59,000 WHO'S GETTING THAT MONEY? 9809 07:55:59,001 --> 07:56:00,000 WHO'S PALMS ARE WE GREASING? 9810 07:56:00,001 --> 07:56:02,000 THE FACT THAT WE WON'T VOTE THAT 9811 07:56:02,001 --> 07:56:04,000 OUT OF HERE AND SAY IT ISN'T 9812 07:56:04,001 --> 07:56:06,000 GOING TO HAPPEN ANYMORE. 9813 07:56:06,001 --> 07:56:07,000 YOU'RE EITHER GOING TO PERFORM 9814 07:56:07,001 --> 07:56:09,000 UNDER YOUR CONTRACT OR YOU'RE 9815 07:56:09,001 --> 07:56:11,000 GOING TO LOSE THE CONTRACT, AND 9816 07:56:11,001 --> 07:56:13,000 WE'RE NOT GOING TO GIVE YOU 9817 07:56:13,001 --> 07:56:15,000 BONUSES FOR NOT P-FPLG. 9818 07:56:15,001 --> 07:56:16,000 AND YET -- FOR NOT PERFORMING. 9819 07:56:16,001 --> 07:56:19,000 YET, THREE TIMES THE SENATE HAS 9820 07:56:19,001 --> 07:56:20,000 VOTED ON THAT AND VOTED IT DOWN. 9821 07:56:20,001 --> 07:56:22,000 WHO BENEFITS? 9822 07:56:22,001 --> 07:56:23,000 IT CERTAINLY ISN'T THE AVERAGE 9823 07:56:23,001 --> 07:56:24,000 AMERICAN. 9824 07:56:24,001 --> 07:56:26,000 IT'S SOME CORPORATE CLIENT 9825 07:56:26,001 --> 07:56:29,000 SOMEWHERE THAT'S GOT TOO GOOD OF 9826 07:56:29,001 --> 07:56:30,000 AWEETHEART DEAL CONTRACTING 9827 07:56:30,001 --> 07:56:33,000 WITH THE FEDERAL GOVERNMENT AND 9828 07:56:33,001 --> 07:56:35,000 HAS ALLIES WITHIN THE CONGRESS 9829 07:56:35,001 --> 07:56:37,000 THAT SAYS WE'LL PROTECT YOU ON 9830 07:56:37,001 --> 07:56:40,000 THE BASIS OF THEY'VE HELPED THEM 9831 07:56:40,001 --> 07:56:41,000 IN THE CAMPAIGN BEFORE. 9832 07:56:41,001 --> 07:56:42,000 WHAT DO WE WANT? 9833 07:56:42,001 --> 07:56:45,000 DO WE WANT A FUTURE OR DO WE 9834 07:56:45,001 --> 07:56:48,000 WANT WELL-CONNECTED, WELL-HE 9835 07:56:48,001 --> 07:56:51,000 BUDDIES FOR THE SHORT TERM TWHE 9836 07:56:51,001 --> 07:56:56,000 ALL -- SHORT TERM WHEN IT ALL 9837 07:56:56,001 --> 07:57:00,000 COLLAPSE 9838 07:57:00,001 --> 07:57:01,000 WHAT WE ARE IS ADDICTED TO BAD 9839 07:57:01,001 --> 07:57:02,000 BEHAVIOR. 9840 07:57:02,001 --> 07:57:05,000 WE'RE ADDICTED TO SPENDING MONEY 9841 07:57:05,001 --> 07:57:06,000 THAT WE DON'T HAVE ON THINGS WE 9842 07:57:06,001 --> 07:57:08,000 DON'T NEED. 9843 07:57:08,001 --> 07:57:09,000 WE'RE ADDICTED TO NOT 9844 07:57:09,001 --> 07:57:10,000 CONFRONTING THE VERY REAL 9845 07:57:10,001 --> 07:57:12,000 PROBLEMS IN OUR GOVERNMENT. 9846 07:57:12,001 --> 07:57:14,000 AGAIN, IT'S NOT PRESIDENT OBAMA 9847 07:57:14,001 --> 07:57:15,000 OR PRESIDENT BUSH'S FAULT. 9848 07:57:15,001 --> 07:57:16,000 CONGRESS HAS THAT 9849 07:57:16,001 --> 07:57:18,000 RESPONSIBILITY. 9850 07:57:18,001 --> 07:57:19,000 WE'VE REJECTED OUR 9851 07:57:19,001 --> 07:57:20,000 RESPONSIBILITY. 9852 07:57:20,001 --> 07:57:24,000 WE'VE ABANDONED OUR RESPONSIBILITY. 9853 07:57:24,001 --> 07:57:28,000 AND WITH THAT, OUR INTEGRITY, BY 9854 07:57:28,001 --> 07:57:32,000 NOT DOING WHAT WE SHOULD DO. 9855 07:57:32,001 --> 07:57:37,000 AND AS A PHYSICIAN, I KNOW WHAT 9856 07:57:37,001 --> 07:57:39,000 ADDICTIVE BEHAVIORS ARE ALL 9857 07:57:39,001 --> 07:57:43,000 ABOUT. 9858 07:57:43,001 --> 07:57:44,000 SO, WHAT DO WE NEED TO 9859 07:57:44,001 --> 07:57:46,000 WELL, ONE OF THE THINGS 9860 07:57:46,001 --> 07:57:51,000 PRESIDENT OBAMA WANTS US TO DO 9861 07:57:51,001 --> 07:57:52,000 THAT WE REFUSE TO DO IS TO END 9862 07:57:52,001 --> 07:57:55,000 ALL BIG CONTRACTS. 9863 07:57:55,001 --> 07:57:57,000 LET'S END THE SWEETHEART DEALS. 9864 07:57:57,001 --> 07:57:59,000 LET'S END THE NO-BID CONTRACTS 9865 07:57:59,001 --> 07:58:02,000 THAT THE WELL-CONNECTED, 9866 07:58:02,001 --> 07:58:04,000 WELL-HEELED GET TO HAVE AT A 9867 07:58:04,001 --> 07:58:07,000 HIGHER PRICE THAN WE'D HAVE TO 9868 07:58:07,001 --> 07:58:08,000 PAY IF WE COMPETIVELY BID IT. 9869 07:58:08,001 --> 07:58:10,000 LET'S GET RID OF THEM. 9870 07:58:10,001 --> 07:58:12,000 WHY DON'T WE DO THAT? 9871 07:58:12,001 --> 07:58:14,000 THAT'S BEEN VOTED DOWN BY THIS 9872 07:58:14,001 --> 07:58:15,000 BODY AS WELL, TWICE. 9873 07:58:15,001 --> 07:58:16,000 WE CAN'T DO THAT. 9874 07:58:16,001 --> 07:58:17,000 WE'VE GOT TO PROTECT OUR 9875 07:58:17,001 --> 07:58:18,000 FRIENDS. WE'RE MORE INTERESTED IN 9876 07:58:18,001 --> 07:58:20,000 PROTECTINGUR FRIENDS THAN WE 9877 07:58:20,001 --> 07:58:23,000 ARE IN SAVING THE COUNTRY. 9878 07:58:23,001 --> 07:58:25,000 ELIMINATE BONUSES TO CONTRACTS. 9879 07:58:25,001 --> 07:58:28,000 DETERMINE THE TOTAL NUMBER AND 9880 07:58:28,001 --> 07:58:29,000 COST AND PURPOSE OF EVERY 9881 07:58:29,001 --> 07:58:30,000 FEDERAL PROGRAM. 9882 07:58:30,001 --> 07:58:33,000 YOU KNOW WHAT? 9883 07:58:33,001 --> 07:58:37,000 THE GOVERNMENT ACCOUNTING OFFICE 9884 07:58:37,001 --> 07:58:39,000 CAN'T GIVE US THAT NUMBER. 9885 07:58:39,001 --> 07:58:40,000 IT'S TOO BIG. 9886 07:58:40,001 --> 07:58:43,000 THE CONGRESSIONAL RESEARCH 9887 07:58:43,001 --> 07:58:44,000 SERVICE CAN'T TELL US ALL THE 9888 07:58:44,001 --> 07:58:46,000 GOVERNMENT PROGRAMS, WHAT THEIR 9889 07:58:46,001 --> 07:58:50,000 COST AND WHAT THEIR PURPOSE IS. 9890 07:58:50,001 --> 07:58:51,000 SO WE DID GET THROUGH LATE LAST 9891 07:58:51,001 --> 07:58:53,000 YEAR AN AMENDMENT THAT'S GOING 9892 07:58:53,001 --> 07:58:54,000 TO FORCE THE GOVERNMENT 9893 07:58:54,001 --> 07:58:55,000 ACCOUNTABILITY OFFICE TO TELL 9894 07:58:55,001 --> 07:58:56,000 US. 9895 07:58:56,001 --> 07:58:57,000 YOU KNOW HOW LONG IT'S GOING TO 9896 07:58:57,001 --> 07:58:59,000 TAKE THEM TO TELL US? 9897 07:58:59,001 --> 07:59:02,000 THREE YEARS. 9898 07:59:02,001 --> 07:59:04,000 THAT'S HOW BIG THE PROBLEM IS. 9899 07:59:04,001 --> 07:59:06,000 WITH ALL THEIR RESOURCES, IT'S 9900 07:59:06,001 --> 07:59:08,000 STILL GOING TO TAKE THEM THREE 9901 07:59:08,001 --> 07:59:09,000 YEARS TO TELL US ALL THE 9902 07:59:09,001 --> 07:59:13,000 GOVERNMENT PROGRAMS. 9903 07:59:13,001 --> 07:59:14,000 NOW WHAT DO WE KNOW THAT I FOUND 9904 07:59:14,001 --> 07:59:16,000 OUT AND MY STAFF HAS FOUND OUT 9905 07:59:16,001 --> 07:59:20,000 IN RESEARCHING THIS OVER THE 9906 07:59:20,001 --> 07:59:25,000 LAST FIVE AND A HALF YEARS? 9907 07:59:25,001 --> 07:59:27,000 WE'VE IDENTIFIED AT LEAST 640 9908 07:59:27,001 --> 07:59:29,000 DIFFERENT AREAS WHERE THERE ARE 9909 07:59:29,001 --> 07:59:31,000 MORE THAN FIVE PROGRAMS THAT 9910 07:59:31,001 --> 07:59:33,000 HAVE THE SAME GOAL RUN BY 9911 07:59:33,001 --> 07:59:35,000 DIFFERENT AGENCIES IN THE 9912 07:59:35,001 --> 07:59:38,000 FEDERAL GOVERNMENT. 9913 07:59:38,001 --> 07:59:40,000 WE KNOW, FOR EXAMPLE, RIGHT NOW 9914 07:59:40,001 --> 07:59:41,000 SOME AMERICAN PEOPLE ARE 9915 07:59:41,001 --> 07:59:43,000 STRUGGLING AND A LOT OF PEOPLE 9916 07:59:43,001 --> 07:59:44,000 ARE ACTUALLY HAVING ENOUGH 9917 07:59:44,001 --> 07:59:50,000 TROUBLE GETTING FOOD. 9918 07:59:50,001 --> 07:59:53,000 SO WE HAVE, GUESS HOW MANY 9919 07:59:53,001 --> 07:59:55,000 PROGRAMS FEEDING PEOPLE? 9920 07:59:55,001 --> 07:59:57,000 ACROSS SIX DIFFERENT 9921 07:59:57,001 --> 07:59:59,000 DEPARTMENTS, WE HAVE 70 9922 07:59:59,001 --> 08:00:02,000 GOVERNMENT PROGRAMS. 9923 08:00:02,001 --> 08:00:06,000 NOT ONE OF THEM HAS A METRIC ON 9924 08:00:06,001 --> 08:00:08,000 IT TO SAY, ARE YOU EFFECTIVE? 9925 08:00:08,001 --> 08:00:09,000 HOW DO YOU MEASURE YOUR 9926 08:00:09,001 --> 08:00:11,000 EFFECTIVENESS? 9927 08:00:11,001 --> 08:00:13,000 WE HAVE 70 SETS OF OVERHEAD IN 9928 08:00:13,001 --> 08:00:14,000 THE FEDERAL GOVERNMENT TO DO 9929 08:00:14,001 --> 08:00:16,000 EXACTLY THE SAME THING. 9930 08:00:16,001 --> 08:00:17,000 YOU SAY, WELL, HOW IN THE WORLD 9931 08:00:17,001 --> 08:00:19,000 DID THAT HAPPEN? 9932 08:00:19,001 --> 08:00:20,000 I'LL TELL YOU HOW IT HAPPENS. 9933 08:00:20,001 --> 08:00:22,000 SOME CONSTITUENT COMES UP HERE 9934 08:00:22,001 --> 08:00:24,000 AND SAYS, HERE'S A PROBLEM. 9935 08:00:24,001 --> 08:00:27,000 YEAH, IT IS A PROBLEM. 9936 08:00:27,001 --> 08:00:29,000 WE DON'T RESEARCH IT TO SEE WHAT 9937 08:00:29,001 --> 08:00:33,000 THE FEDERAL GOVERNMENT IS DOING, 9938 08:00:33,001 --> 08:00:34,000 SO WE AUTHORIZE -- AUTHOR A BILL. 9939 08:00:34,001 --> 08:00:36,000 AND BECAUSE WE DON'T WANT TO SEE 9940 08:00:36,001 --> 08:00:38,000 ANYBODY GO HUNGRY, WE PASS A 9941 08:00:38,001 --> 08:00:40,000 BILL, NOT KNOWING THAT WE HAVE 9942 08:00:40,001 --> 08:00:41,000 69 OTHER PROGRAMS. 9943 08:00:41,001 --> 08:00:43,000 THAT HAPPENS TIME AFTER TIME 9944 08:00:43,001 --> 08:00:45,000 AFTER TIME AFTER TIME. 9945 08:00:45,001 --> 08:00:48,000 STILL TODAY BECAUSE WE DON'T 9946 08:00:48,001 --> 08:00:53,000 KNOW WHAT WE'VE GOT. 9947 08:00:53,001 --> 08:00:55,000 IN MATH, ENGINEERING, SCIENCE 9948 08:00:55,001 --> 08:00:58,000 AND TECHNOLOGY, WHICH IS WHERE 9949 08:00:58,001 --> 08:01:01,000 WE WOULD LIKE LOTS OF OUR YOUNG 9950 08:01:01,001 --> 08:01:03,000 PEOPLE TO GO, WE HAVE DOCUMENTED 9951 08:01:03,001 --> 08:01:06,000 105 DIFFERENT PROGRAMS FUNDED BY 9952 08:01:06,001 --> 08:01:07,000 THE FEDERAL GOVERNMENT TO 9953 08:01:07,001 --> 08:01:09,000 INCENTIVIZE OUR YOUNG PEOPLE TO 9954 08:01:09,001 --> 08:01:10,000 GO INTO THOSE AREAS IN EIGHT 9955 08:01:10,001 --> 08:01:12,000 DIFFERENT GOVERNMENT AGENCIES. 9956 08:01:12,001 --> 08:01:13,000 NOT IN THE DEPARTMENT OF 9957 08:01:13,001 --> 08:01:15,000 EDUCATION. 9958 08:01:15,001 --> 08:01:19,000 SOME OF THEM ARE IN THERE. 9959 08:01:19,001 --> 08:01:20,000 BUT IN EVERY AREA WHY? 9960 08:01:20,001 --> 08:01:21,000 -- AREA. 9961 08:01:21,001 --> 08:01:24,000 WHY? 9962 08:01:24,001 --> 08:01:26,000 YET WE DON'T WANT TO DO THE HARD 9963 08:01:26,001 --> 08:01:27,000 WORK OF ELIMINATING THEM. 9964 08:01:27,001 --> 08:01:29,000 LET'S CUT IT TO ONE. 9965 08:01:29,001 --> 08:01:32,000 LET'S PUT METRICS ON IT. 9966 08:01:32,001 --> 08:01:36,000 LET'S HAVE ONE SET OF OVERHEAD. 9967 08:01:36,001 --> 08:01:40,000 LET'S ACCOMPLISH THAT. 9968 08:01:40,001 --> 08:01:42,000 WE'VED ADDED -- WE'VE ADDED 9969 08:01:42,001 --> 08:01:44,000 160,000 FEDERAL EMPLOYEES IN THE 9970 08:01:44,001 --> 08:01:46,000 LAST 16 MONTHS. 9971 08:01:46,001 --> 08:01:48,000 YOU KNOW, EVERY BUSINESS I KNOW 9972 08:01:48,001 --> 08:01:50,000 OUT THERE IS DOING MORE WITH 9973 08:01:50,001 --> 08:01:57,000 LESS. 9974 08:01:57,001 --> 08:01:59,000 THAT'S N ADENIGRATION TO OUR 9975 08:01:59,001 --> 08:02:01,000 FEDERAL EMPLOYEES. 9976 08:02:01,001 --> 08:02:03,000 WE CAN'T CONTINUE TO ADD FEDERAL EMPLOYEES. 9977 08:02:03,001 --> 08:02:04,000 WE CAN'T AFFORD THE GOVERNMENT 9978 08:02:04,001 --> 08:02:06,000 WE'VE GOT. 9979 08:02:06,001 --> 08:02:09,000 43 CENTS OUT OF EVERY DOLLAR THE 9980 08:02:09,001 --> 08:02:12,000 FEDERAL GOVERNMENT SPENDS IS 9981 08:02:12,001 --> 08:02:15,000 TODAY BORROWED FROM CHINA OR 9982 08:02:15,001 --> 08:02:17,000 RUSSIA OR COUNTRIES WITH 9983 08:02:17,001 --> 08:02:20,000 SOVEREIGN BANK ACCOUNTS, MANY OF 9984 08:02:20,001 --> 08:02:23,000 WHICH WOULD LIKE T SEE US END. 9985 08:02:23,001 --> 08:02:26,000 CAN WE CONTINUE TO DO THAT? 9986 08:02:26,001 --> 08:02:27,000 CAN WE CONTINUE TO HAVE 40% OF 9987 08:02:27,001 --> 08:02:29,000 EVERYTHING WE'RE SPENDING 9988 08:02:29,001 --> 08:02:33,000 BORROWED? 9989 08:02:33,001 --> 08:02:34,000 WHAT WE DO KNOW IS THAT IF 9990 08:02:34,001 --> 08:02:37,000 YOU -- NECESSI BECOMES THE 9991 08:02:37,001 --> 08:02:40,000 MOTHER OF INVENTION, AND IF WE 9992 08:02:40,001 --> 08:02:42,000 PUT THE CLAMPS AND THE BRAKES ON 9993 08:02:42,001 --> 08:02:43,000 THE GROWTH AND THE SIZE AND THE 9994 08:02:43,001 --> 08:02:45,000 TOTAL AMOUNT OF GOVERNMEN 9995 08:02:45,001 --> 08:02:46,000 SPENDS, WE WILL GET MORE FOR THE 9996 08:02:46,001 --> 08:02:48,000 SAME AMOUNT. 9997 08:02:48,001 --> 08:02:50,000 BUT NOT UNTIL WE TRY. 9998 08:02:50,001 --> 08:02:54,000 NOT UNTIL WE MANDATE THAT IT HAS 9999 08:02:54,001 --> 08:02:56,000 TO HAPPEN. 10000 08:02:56,001 --> 08:02:59,000 LIMIT THE OVERHEAD COSTS OF THE 10001 08:02:59,001 --> 08:03:03,000 FEDERAL PROGRAMS. 10002 08:03:03,001 --> 08:03:05,000 THE OVERHEADS AND THE LAYERS OF 10003 08:03:05,001 --> 08:03:06,000 DUPLICATION ARE UNBELIEVABLE. 10004 08:03:06,001 --> 08:03:08,000 TREMENDOUS AMOUNT OF SAVINGS 10005 08:03:08,001 --> 08:03:10,000 THAT CAN BE DONE THERE. 10006 08:03:10,001 --> 08:03:11,000 I JUST VISITED WITH A THREE-STAR 10007 08:03:11,001 --> 08:03:12,000 GENERAL THAT'S WORKING INSIDE 10008 08:03:12,001 --> 08:03:15,000 THE PENTAGON. 10009 08:03:15,001 --> 08:03:18,000 ONE OF THE AREAS I WANT TO SEE 10010 08:03:18,001 --> 08:03:20,000 US RELAME NATURE \$50 -- ELIMINATE \$50 BILLION IN 10011 08:03:20,001 --> 08:03:22,000 SPENDING IS INSIDE THE PENTAGON. 10012 08:03:22,001 --> 08:03:23,000 THEY'VE GOT THAT MUCH WASTE. 10013 08:03:23,001 --> 08:03:27,000 THEY'RE GOING THROUGH A PROCESS 10014 08:03:27,001 --> 08:03:28,000 NOW TO LOOK AT WHERE THEY HAVE 10015 08:03:28,001 --> 08:03:30,000 REDUNDANCY. AND YOU KNOW WHAT? 10016 08:03:30,001 --> 08:03:33,000 THEY'RE FINDING IT EVERYWHERE. 10017 08:03:33,001 --> 08:03:35,000 BUT THE PENTAGON'S SO BIG, 10018 08:03:35,001 --> 08:03:36,000 UNLESS YOU LOOK FOR IT, YOU'RE 10019 08:03:36,001 --> 08:03:38,000 NEVER GOING TO SEE IT. 10020 08:03:38,001 --> 08:03:39,000 SO WE NOW HAVE THE MILITARY 10021 08:03:39,001 --> 08:03:40,000 STARTING TO DO WHAT THEY FINALLY 10022 08:03:40,001 --> 08:03:42,000 NEED TO DO. 10023 08:03:42,001 --> 08:03:44,000 THEY'VE NEVER DONE IT BEFORE, 10024 08:03:44,001 --> 08:03:46,000 STARTING TO LOOK AT REDUNDANCY, 10025 08:03:46,001 --> 08:03:49,000 STARTING TO LOOK AT GOOD 10026 08:03:49,001 --> 08:03:51,000 MANAGEMENT, BEST PRACTICES TO 10027 08:03:51,001 --> 08:03:52,000 CREATE EFFICIENCY SO MORE 10028 08:03:52,001 --> 08:03:54,000 DOLLARS CAN DEFEND US AND LESS 10029 08:03:54,001 --> 08:03:56,000 DOLLARS SPENT IN OVERHEAD. 10030 08:03:56,001 --> 08:03:57,000 WE NEED TO DO THAT 10031 08:03:57,001 --> 08:03:58,000 GOVERNMENTWIDE. 10032 08:03:58,001 --> 08:04:00,000 BUT ESPECIALLY IN THE PENTAGON 10033 08:04:00,001 --> 08:04:01,000 SINCE IT'S OUR GREATEST 10034 08:04:01,001 --> 08:04:04,000 DISCRETIONARY COST WITH THE 10035 08:04:04,001 --> 08:04:05,000 EXCEPTION OF INTEREST. 10036 08:04:05,001 --> 08:04:07,000 DISCLOSE THE COST PURPOSE AND 10037 08:04:07,001 --> 08:04:08,000 TEXT OF LEGISLATION THAT'S 10038 08:04:08,001 --> 08:04:11,000 CONSIDERED BY CONGRESS. 10039 08:04:11,001 --> 08:04:14,000 THERE SHOULD NOT BE A BILL THAT 10040 08:04:14,001 --> 08:04:16,000 COMES BEFORE CONGRESS THAT WE 10041 08:04:16,001 --> 08:04:19,000 DON'T ADEQUATELY AND ACCURATELY 10042 08:04:19,001 --> 08:04:21,000 KNOW WHAT IT'S DESIGNED TO DO, 10043 08:04:21,001 --> 08:04:24,000 HAVE A MEASUREMENT ON IT SO WE 10044 08:04:24,001 --> 08:04:28,000 KNOW IF IT DID WHAT WE DESIGNED 10045 08:04:28,001 --> 08:04:30,000 IT TO DO, KNOW WHAT IT'S GOING 10046 08:04:30,001 --> 08:04:33,000 TO COST -- KNOW WHAT IT'S GOING 10047 08:04:33,001 --> 08:04:35,000 TO COST AND THEN FORCE OURSELVES 10048 08:04:35,001 --> 08:04:40,000 TO EVALUATE IT. 10049 08:04:40,001 --> 08:04:44,000 YOU KNOW, THIS IS THE 111TH CONGRESS. 10050 08:04:44,001 --> 08:04:47,000 IN THE 109th CONGRESS, I HELD 10051 08:04:47,001 --> 08:04:48,000 47 OVERSIGHT HEARINGS. 10052 08:04:48,001 --> 08:04:51,000 THERE WAS MORE OVERSIGHT 10053 08:04:51,001 --> 08:04:53,000 HEARINGS THAN THE ENTIRE REST OF 10054 08:04:53,001 --> 08:04:55,000 THE SENATE COMBINED. 10055 08:04:55,001 --> 08:04:59,000 BECAUSE, YOU SEE, WE DON'T WANT 10056 08:04:59,001 --> 08:05:01,000 TO DO THE OVERSIGHT BECAUSE IT'S 10057 08:05:01,001 --> 08:05:02,000 HARD WORK AND YOU DON'T GET 10058 08:05:02,001 --> 08:05:04,000 GREAT PRESS CLIPPINGS. 10059 08:05:04,001 --> 08:05:08,000 YOU KNOW, IT DOESN'T HELP YOUR 10060 08:05:08,001 --> 08:05:13,000 CAMPAIGN, YOUR POLITICAL CAREER. 10061 08:05:13,001 --> 08:05:14,000 BUT WE'RE NOT SENT HERE FOR A 10062 08:05:14,001 --> 08:05:16,000 POLITICAL CAREER. 10063 08:05:16,001 --> 08:05:17,000 WE WERE SENT HERE TO DO THE 10064 08:05:17,001 --> 08:05:19,000 BEST, RIGHT THING FOR THE 10065 08:05:19,001 --> 08:05:21,000 COUNTRY AS A WHOLE. 10066 08:05:21,001 --> 08:05:23,000 MOST OF THE PROBLEMS THAT WE'RE 10067 08:05:23,001 --> 08:05:26,000 SEEING IS PAROCHIAL IN NATURE 10068 08:05:26,001 --> 08:05:28,000 WHERE WE HAVE CONCENTRATED ON 10069 08:05:28,001 --> 08:05:29,000 WHAT'S BEST FOR OUR STATE AT THE 10070 08:05:29,001 --> 08:05:30,000 EXNSE OF WHAT'S BEST FOR OUR 10071 08:05:30,001 --> 08:05:33,000 COUNTRY. 10072 08:05:33,001 --> 08:05:37,000 AND I WOULD PAUSE IT THAT MY 10073 08:05:37,001 --> 08:05:40,000 STATE, OKLAHOMA, AND THE 10074 08:05:40,001 --> 08:05:42,000 PRESIDENT PRO TEM'S STATE CAN'T 10075 08:05:42,001 --> 08:05:43,000 BE HEALTHY IF THE COUNTRY ISN'T 10076 08:05:43,001 --> 08:05:45,000 HEALTHY. 10077 08:05:45,001 --> 08:05:48,000 THEY CAN'T BE. 10078 08:05:48,001 --> 08:05:50,000 AND, YET, WHEN OUR FOCUS BECOMES 10079 08:05:50,001 --> 08:05:51,000 MORE PAROCHIAL THAN IT DOES 10080 08:05:51,001 --> 08:05:57,000 NATIONAL, WE ACTUALLY UNDERMINE 10081 08:05:57,001 --> 08:06:00,000 OUR FUTURE AS A COUNTRY. 10082 08:06:00,001 --> 08:06:04,000 NUMBER EIGHT, REQUIRE THE 10083 08:06:04,001 --> 08:06:06,000 CORESS TO JUSTIFY THE CREATION 10084 08:06:06,001 --> 08:06:08,000 OF NEW GOVERNMENT PROGRAMS THAT 10085 08:06:08,001 --> 08:06:10,000 DUPLICATE 10086 08:06:10,001 --> 08:06:12,000 YOU KNOW WHAT I FIND ALL THE 10087 08:06:12,001 --> 08:06:14,000 TIME -- AND I'M NOTORIOUS FOR 10088 08:06:14,001 --> 08:06:16,000 NOT LETTING BILLS GET TO THE 10089 08:06:16,001 --> 08:06:17,000 FLOOR IS BECAUSE THEY DUPLICATE 10090 08:06:17,001 --> 08:06:19,000 SOMETHING THAT'S ALREADY BEING DONE. 10091 08:06:19,001 --> 08:06:21,000 AND WE CREATED A NEW PROGRAM, 10092 08:06:21,001 --> 08:06:22,000 BUT WE DIDN'T ELIMINATE THE OLD 10093 08:06:22,001 --> 08:06:25,000 ONE. 10094 08:06:25,001 --> 08:06:27,000 SO NOW WE HAVE BOTH OF THEM 10095 08:06:27,001 --> 08:06:30,000 RUNNING, AND I USUALLY GET BEAT. 10096 08:06:30,001 --> 08:06:32,000 I USUALLY GET ROLLED WITH 60 10097 08:06:32,001 --> 08:06:36,000 VOTES AND WE CREATE THE NEW PROGRAM. 10098 08:06:36,001 --> 08:06:37,000 WE NEVER ELIMINATE THE ONE THAT 10099 08:06:37,001 --> 08:06:40,000 WASN'T WORKING AND WE NEVER 10100 08:06:40,001 --> 08:06:42,000 CHANGE THE ONE THAT WASN'T 10101 08:06:42,001 --> 08:06:47,000 WORKING, SO WE CREATE ANOTHER 10102 08:06:47,001 --> 08:06:49,000 PROGRAM. 10103 08:06:49,001 --> 08:06:51,000 MANDATE THE CONGRESS -- THAT 10104 08:06:51,001 --> 08:06:53,000 CONGRESS HAS TO DO OVERSIGHT. 10105 08:06:53,001 --> 08:06:55,000 HAS TO DO IT. 10106 08:06:55,001 --> 08:06:57,000 IT MUST DO OVERSIGHT. 10107 08:06:57,001 --> 08:06:59,000 AND WE CAN DO THAT BY CHANGING 10108 08:06:59,001 --> 08:07:01,000 OUR RULES. 10109 08:07:01,001 --> 08:07:03,000 BUT WE DON'T HAVE ANY INTEREST 10110 08:07:03,001 --> 08:07:05,000 IN CHANGING OUR RULES. 10111 08:07:05,001 --> 08:07:08,000 IT'S EASIER TO COAST AND NOT 10112 08:07:08,001 --> 08:07:09,000 THE HARD JOB OF OVERSIGHT. 10113 08:07:09,001 --> 08:07:12,000 I'LL JUST FINISH UP. 10114 08:07:12,001 --> 08:07:13,000 ONE OF THE THINGS THAT I THOUGHT 10115 08:07:13,001 --> 08:07:16,000 ABOUT -- RIPE NOT SURE IT 10116 08:07:16,001 --> 08:07:17,000 WILL -- I'M NOT SURE IT WILL BE 10117 08:07:17,001 --> 08:07:19,000 HELPFUL, BUT RIGHT NOW IN THE 10118 08:07:19,001 --> 08:07:21,000 TROUBLE THAT WE'RE IN, EVERYBODY 10119 08:07:21,001 --> 08:07:22,000 WHO WALKS THROUGH THIS CAPITOL 10120 08:07:22,001 --> 08:07:25,000 OUGHT TO BE INFORMED OF HOW MUCH 10121 08:07:25,001 --> 08:07:27,000 DEBT WE O AND WHAT IT IS PER PERSON. 10122 08:07:27,001 --> 08:07:29,000 AND WE OUGHT TO BE HAVING 10123 08:07:29,001 --> 08:07:30,000 THAT -- IT'S IN MY OFFICE IN THE 10124 08:07:30,001 --> 08:07:32,000 HALL, YOU WALK BY -- THE RULES 10125 08:07:32,001 --> 08:07:33,000 COMMITTEE WON'T LET 10126 08:07:33,001 --> 08:07:34,000 THE HALL. 10127 08:07:34,001 --> 08:07:35,000 THEY SAY IT DOESN'T LOOK 10128 08:07:35,001 --> 08:07:37,000 PROFESSIONAL 10129 08:07:37,001 --> 08:07:39,000 I HAVE A COMPUTER SCREEN IF YOU 10130 08:07:39,001 --> 08:07:43,000 WALK BY MY OFFICE, YOU CAN SEE 10131 08:07:43,001 --> 08:07:45,000 THE NATIONAL CLOCK DEBT TICKING. 10132 08:07:45,001 --> 08:07:48,000 YOUR ROLLS WILL ROLL AS FAST AS 10133 08:07:48,001 --> 08:07:52,000 IT'S COMING UP. 10134 08:07:52,001 --> 08:07:57,000 REMEMBER, WE'RE BORROWING ABOU 10135 08:07:57,001 --> 08:07:59,000 ABOUT \$4 MILLION A SECOND. 10136 08:07:59,001 --> 08:08:00,000 I MEAN, THAT'S HOW FAST GOING 10137 08:08:00,001 --> 08:08:02,000 UP. 10138 08:08:02,001 --> 08:08:04,000 SO, ANY HOW, THERE ARE A LOT OF 10139 08:08:04,001 --> 08:08:05,000 THINGS WE CAN DO TO STOP THE ADDICTION. 10140 08:08:05,001 --> 08:08:10,000 I SEE THE SENATOR FROM GEORGIA. 10141 08:08:10,001 --> 08:08:11,000 DO YOU WANT TO HAVE SOME TIME? 10142 08:08:11,001 --> 08:08:14,000 YOU'LL YIELD BACK TO ME, MADAM 10143 08:08:14,001 --> 08:08:15,000 PRESIDENT. 10144 08:08:15,001 --> 08:08:16,000 A SENATOR: MADAM 10145 08:08:16,001 --> 08:08:19,000 THE PRESIDING OF 10146 08:08:19,001 --> 08:08:21,000 SENATOR FROM GEORGIA. 10147 08:08:21,001 --> 08:08:22,000 MR. ISAKSON: I THANK THE SENATOR 10148 08:08:22,001 --> 08:08:23,000 FROM GEORGIA FOR YIELDING AND 10149 08:08:23,001 --> 08:08:25,000 I'LL BE BRIEF. 10150 08:08:25,001 --> 08:08:26,000 I SPEND A LOT OF TIME, AS ALL OF 10151 08:08:26,001 --> 08:08:28,000 US DO, LISTENING TO THE SPEECHES 10152 08:08:28,001 --> 08:08:29,000 OF OUR COLLEAGUES, AND SPE A 10153 08:08:29,001 --> 08:08:30,000 LOT OF TIME THINKING ABOUT WHAT 10154 08:08:30,001 --> 08:08:31,000 THEY SAY. 10155 08:08:31,001 --> 08:08:33,000 I WAS COMPELLED TO COME TO THE 10156 08:08:33,001 --> 08:08:34,000 FLR AS I HEARD THE OPENING 10157 08:08:34,001 --> 08:08:37,000 REMARKS BY THE SENATOR FROM 10158 08:08:37,001 --> 08:08:38,000 OKLAHOMA TO TELL A LITTLE STORY. 10159 08:08:38,001 --> 08:08:40,000 TALKING ABOUT GRANDCHILDREN. 10160 08:08:40,001 --> 08:08:42,000 MY WIFE AND I ARE BLESSED. 10161 08:08:42,001 --> 08:08:44,000 WE HAVE NINE OF THEM. 10162 08:08:44,001 --> 08:08:48,000 THIS PAST TUESDAY, THE 15th OF 10163 08:08:48,001 --> 08:08:49,000 JUNE WAS OUR 42 ANNIVERSARY. 10164 08:08:49,001 --> 08:08:51,000 REALLY THE REST OF MY LIFE IS 10165 08:08:51,001 --> 08:08:54,000 ABOUT THOSE GRANDCHILDREN, TO 10166 08:08:54,001 --> 08:08:55,000 WHATEVER EXTENT I CAN DO IT AS A 10167 08:08:55,001 --> 08:08:57,000 GRANDFATHER OR LEGISLATOR. 10168 08:08:57,001 --> 08:08:59,000 TRYING TO LEAVE THEM A LIFE THAT 10169 08:08:59,001 --> 08:09:01,000 AT LEAST HAS THE HOPE OF 10170 08:09:01,001 --> 08:09:03,000 OPPORTUNITY AS GREAT AS WAS LEFT 10171 08:09:03,001 --> 08:09:04,000 TO ALL OF US BY THE GENERATIONS 10172 08:09:04,001 --> 08:09:07,000 THAT PRECEDED US. 10173 08:09:07,001 --> 08:09:08,000 A FEW WEEKS AGO IN ALBANY, 10174 08:09:08,001 --> 08:09:10,000 GEORGIA, A FEW MONTHS AGO I WAS 10175 08:09:10,001 --> 08:09:12,000 MAKING A SPEECH, AS ALL OF US 10176 08:09:12,001 --> 08:09:14,000 DO, AS USED A TRILLION AS EASILY 10177 08:09:14,001 --> 08:09:16,000 AS ALL OF US DO IN OUR SPEECHES 10178 08:09:16,001 --> 08:09:17,000 AND AFTER MY SPEECH, I OPENED 10179 08:09:17,001 --> 08:09:19,000 THE FLOOR FOR QUESTIONS. 10180 08:09:19,001 --> 08:09:21,000 THE GENTLEMAN AT THE BACK OF THE 10181 08:09:21,001 --> 08:09:22,000 ROOM SAID, I CAN'T GET MY HANDS 10182 08:09:22,001 --> 08:09:23,000 ON HOW MUCH A TRILLION IS. 10183 08:09:23,001 --> 08:09:24,000 CAN YOU EXPLAIN IT? 10184 08:09:24,001 --> 08:09:26,000 AND I WAS UP THERE DOING THE 10185 08:09:26,001 --> 08:09:30,000 BEST I COULD. 10186 08:09:30,001 --> 08:09:32,000 I'VE GOT THE NUMBERS ZERO PAST A BILLION. 10187 08:09:32,001 --> 08:09:34,000 BUT YOU COULDN'T REALLY QUANTIFY 10188 08:09:34,001 --> 08:09:36,000 IT TO MAGNIFY THE GRAVITY OF 10189 08:09:36,001 --> 08:09:39,000 WHAT THAT NUMBER MEANS. 10190 08:09:39,001 --> 08:09:42,000 SO WHEN I GOT HOME THAT NIGHT MY 10191 08:09:42,001 --> 08:09:44,000 WIFE OF 42 YEARS SAID, WHY DON'T 10192 08:09:44,001 --> 08:09:46,000 YOU FIGURE OUT HOW MUCH YEARS 10193 08:09:46,001 --> 08:09:47,000 HAVE TO GO FOR A TRILLION TO 10194 08:09:47,001 --> 08:09:48,000 PASS. 10195 08:09:48,001 --> 08:09:51,000 I SAID THAT'S A GOOD IDEA. 10196 08:09:51,001 --> 08:09:54,000 I GOT THE CALCULATOR OUT AND 10197 08:09:54,001 --> 08:09:57,000 MULTIPLIED 60 -- 60 TIMES 60 TO 10198 08:09:57,001 --> 08:09:59,000 GET HOW MANY SECONDS IN AN HOUR, 10199 08:09:59,001 --> 08:10:01,000 3,600, MULTIPLY THAT BY 24 TO 10200 08:10:01,001 --> 08:10:04,000 GET HOW MANY SECONDS IN A DAY, 10201 08:10:04,001 --> 08:10:06,000 MULTIPLY THAT BY 365 TO GET HOW 10202 08:10:06,001 --> 08:10:08,000 MANY SECONDS IN A YEAR AND THEN 10203 08:10:08,001 --> 08:10:14,000 I DIVIDED THAT INTO ONE MILLION. 10204 08:10:14,001 --> 08:10:15,000 AND THE ANSWER IS 31,709 YEARS. 10205 08:10:15,001 --> 08:10:18,000 FOR -- YEARS FOR ONE TRILLION 10206 08:10:18,001 --> 08:10:21,000 SECONDS TO GO BY. 10207 08:10:21,001 --> 08:10:23,000 THURSDAY TWO WEEKS AGO OUR DEBT 10208 08:10:23,001 --> 08:10:29,000 WENT ABOVE \$13 TRILLION. 10209 08:10:29,001 --> 08:10:31,000 YOU CAN MTIPLY 13 TIME 31,709 10210 08:10:31,001 --> 08:10:32,000 AND SEE H BIG THAT IS. 10211 08:10:32,001 --> 08:10:34,000 AND IF YOU SPREAD IT OVER A LOT 10212 08:10:34,001 --> 08:10:37,000 OF PEOPLE, YOU CAN SPREAD IT 10213 08:10:37,001 --> 08:10:38,000 DOWN TO AN AMOUNT THAT DOESN'T SEEM THAT BIG. 10214 08:10:38,001 --> 08:10:40,000 WE ARE ONE COUNTRY. 10215 08:10:40,001 --> 08:10:42,000 IT IS IT OUR DEBT. 10216 08:10:42,001 --> 08:10:44,000 TO PAY IT OFF, WE HAVE TO DO ONE 10217 08:10:44,001 --> 08:10:46,000 OF THREE THINGS, WE INFLATE THE 10218 08:10:46,001 --> 08:10:47,000 DOLLAR TO SOMETHING THAT IS SO 10219 08:10:47,001 --> 08:10:48,000 CHEAP THAT THE DOLLAR IS 10220 08:10:48,001 --> 08:10:50,000 WORTHLESS, BUT YOU DESTROY YOUR 10221 08:10:50,001 --> 08:10:51,000 COUNTRY OR YOU CAN JUST LOOK THE 10222 08:10:51,001 --> 08:10:53,000 OTHER WAY AND SAY, WELL, NOBODY 10223 08:10:53,001 --> 08:10:54,000 ELSE WILL CARE. 10224 08:10:54,001 --> 08:10:55,000 MAYBE THEY'LL STILL BUY OUR 10225 08:10:55,001 --> 08:10:56,000 DEBT. 10226 08:10:56,001 --> 08:10:58,000 WE'RE GOING TO KEEP SPENDING, 10227 08:10:58,001 --> 08:11:00,000 WHICH KIND OF WHAT APPEARS TO BE 10228 08:11:00,001 --> 08:11:03,000 HAPPENING NOW OR YOU ARE DO WHAT 10229 08:11:03,001 --> 08:11:04,000 AMERICAN FAMILIES HAVE BEEN 10230 08:11:04,001 --> 08:11:06,000 DOING ALL THEIR LIVES, BUT IN 10231 08:11:06,001 --> 08:11:08,000 PARTICULAR THE LAST 18 TO 24 10232 08:11:08,001 --> 08:11:10,000 MONTHS, YOU SIT AROUND THE 10233 08:11:10,001 --> 08:11:12,000 KITCHEN TABLE IN THIS CASE WE 10234 08:11:12,001 --> 08:11:13,000 SIT AROUND THE CONFERENCE TABLE, 10235 08:11:13,001 --> 08:11:15,000 AND YOU SET YOUR PRIORITYS TO 10236 08:11:15,001 --> 08:11:16,000 LIVE WITHIN YOUR MEANS. 10237 08:11:16,001 --> 08:11:17,000 I WANT TO COMMEND THE SENATOR 10238 08:11:17,001 --> 08:11:19,000 FROM OKLAHOMA. 10239 08:11:19,001 --> 08:11:21,000 BECAUSE HIS EXAMPLES FOR 10240 08:11:21,001 --> 08:11:23,000 ACCOUNTABILITY FOR EXPENDITURES, 10241 08:11:23,001 --> 08:11:25,000 DOING AWAY WITH REDUNDANCY, YES, 10242 08:11:25,001 --> 08:11:27,000 THAT'S HARD TO DO AND, YES, IT'S 10243 08:11:27,001 --> 08:11:29,000 TEDIOUS TO DO AND, YES, IT'S 10244 08:11:29,001 --> 08:11:31,000 MORE FUN TO TALK ABOUT OTHER THINGS, BUT THAT'S WHAT 10245 08:11:31,001 --> 08:11:32,000 AMERICANS ARE HAVING TO DO AND 10246 08:11:32,001 --> 08:11:33,000 THEY'RE HAVING TO DO IT BIG TIME 10247 08:11:33,001 --> 08:11:35,000 RIGHT NOW. 10248 08:11:35,001 --> 08:11:37,000 SO I COULDN'T HELP BY COME TO 10249 08:11:37,001 --> 08:11:38,000 THE FLOOR -- I DIDN'T GET TO 10250 08:11:38,001 --> 08:11:41,000 CELEBRATE IT BECAUSE I WAS HERE 10251 08:11:41,001 --> 08:11:42,000 AND SHE WAS IN MARIETTA, BUT 10252 08:11:42,001 --> 08:11:44,000 WE'RE GOING TO CELEBRATE IT THIS 10253 08:11:44,001 --> 08:11:45,000 WEEKEND AND THINKING ABOUT MY 10254 08:11:45,001 --> 08:11:46,000 NINE GRANDCHILDREN AND THE 10255 08:11:46,001 --> 08:11:48,000 CHALLENGES OF THE DEBT THAT'S 10256 08:11:48,001 --> 08:11:50,000 RISING AND THE INCREASE THAT'S 10257 08:11:50,001 --> 08:11:52,000 IN THIS BILL ALONE AS WELL AS 10258 08:11:52,001 --> 08:11:55,000 FOR SOME OF THE PAY-FORS IN THIS 10259 08:11:55,001 --> 08:11:57,000 BILL THAT ARE GOING TO STUNT 10260 08:11:57,001 --> 08:12:00,000 GROWTH EVEN WORSE LIKE CARRIED 10261 08:12:00,001 --> 08:12:02,000 INTEREST AND I THOUGHT I WOULD 10262 08:12:02,001 --> 08:12:04,000 CONGRATULATE THE SENATOR FROM 10263 08:12:04,001 --> 08:12:06,000 OKLAHOMA FOR BEING ON POINT. 10264 08:12:06,001 --> 08:12:08,000 WE MIGHT HAVE AN IDEA OF WHAT 10265 08:12:08,001 --> 08:12:09,000 OUGHT TO BEEMOVED FROM BEING 10266 08:12:09,001 --> 08:12:11,000 REDUNDANT, BUT WE THE OUGHT TO 10267 08:12:11,001 --> 08:12:12,000 BE AT THE TABLE FIGURING OUT 10268 08:12:12,001 --> 08:12:15,000 WHAT THOSE SHOULD BE AND MAKING 10269 08:12:15,001 --> 08:12:17,000 AN AGREEMENT OF WHAT WE COULD 10270 08:12:17,001 --> 08:12:19,000 LIVE WITH AND MAKING THE FUTURE 10271 08:12:19,001 --> 08:12:22,000 FOR OUR GRANDCHILDREN AS BRIGHT 10272 08:12:22,001 --> 08:12:24,000 AND PROSPEROUS AND FREE AS OUR 10273 08:12:24,001 --> 08:12:26,000 GRANT PARENTS LEFT TO US. 10274 08:12:26,001 --> 08:12:27,000 -- 10275 08:12:27,001 --> 08:12:29,000 I YIELD BACK. THE PRESIDING OFFICER: THE 10276 08:12:29,001 --> 08:12:30,000 SENATOR FROM OKLAHOMA. 10277 08:12:30,001 --> 08:12:32,000 MR. COBURN: I THANK THE SENATOR 10278 08:12:32,001 --> 08:12:34,000 FROM GEORGIA. 10279 08:12:34,001 --> 08:12:35,000 IT DOESN'T MATTER IF YOUR 10280 08:12:35,001 --> 08:12:38,000 DEMOCRAT OR REPUBLICAN, LIBERAL 10281 08:12:38,001 --> 08:12:44,000 OR INDEPENDENT, WHAT YOUR FAITH 10282 08:12:44,001 --> 08:12:46,000 IS OR SEXUAL ORIENTATION IS. IS -- 10283 08:12:46,001 --> 08:12:50,000 IS OUT OF MANY ONE, BUT IF WE'RE 10284 08:12:50,001 --> 08:12:53,000 NOT CAREFUL -- THE DEBT AFFECTS 10285 08:12:53,001 --> 08:12:54,000 A LIBERAL AS MUCH AS IT AFFECTS 10286 08:12:54,001 --> 08:12:55,000 A CONSERVATIVE. 10287 08:12:55,001 --> 08:12:57,000 IT STEALS 10288 08:12:57,001 --> 08:12:58,000 LIBERAL CHILDREN AS MUCH AS IT 10289 08:12:58,001 --> 08:13:02,000 DOES CONSERVATIVE CHILDREN AND 10290 08:13:02,001 --> 08:13:06,000 WE HAVE TO COME TO A POINT WHERE 10291 08:13:06,001 --> 08:13:09,000 WE SAY ENOUGH IS ENOUGH. 10292 08:13:09,001 --> 08:13:12,000 YOU KNOW, I WAS JUST THINKING AS 10293 08:13:12,001 --> 08:13:15,000 THE SENATOR TALKED, TH THE \$50 BILLION THAT WE'RE GOING 10294 08:13:15,001 --> 08:13:17,000 TO BORROW FROM OUR KIDS WITH 10295 08:13:17,001 --> 08:13:19,000 THIS BILL, IT WILL RUN THE 10296 08:13:19,001 --> 08:13:20,000 ENTIRE STATE OF OKLAHOMA'S 10297 08:13:20,001 --> 08:13:23,000 GOVERNMENT FOR EIGHT YEARS. 10298 08:13:23,001 --> 08:13:25,000 EVERY BRANCH, EVERY EMPLOYEE, 10299 08:13:25,001 --> 08:13:26,000 PAY ALL THE COSTS, BUILD ALL THE 10300 08:13:26,001 --> 08:13:28,000 HIGHWAYS, DO EVERYTHING WE DO 10301 08:13:28,001 --> 08:13:29,000 FOR EIGHT YEARS. 10302 08:13:29,001 --> 08:13:31,000 JUST ON WHAT WE'RE GOING TO 10303 08:13:31,001 --> 08:13:32,000 BORROW. 10304 08:13:32,001 --> 08:13:35,000 I MEAN, WHEN YOU START PUTTING 10305 08:13:35,001 --> 08:13:36,000 IT DOWN INTO HOW MUCH 10306 08:13:36,001 --> 08:13:39,000 IS \$50 BILLION, WE THROW AWAY 10307 08:13:39,001 --> 08:13:42,000 BILLIONS LIKE THEY WERE PENNIES HERE. 10308 08:13:42,001 --> 08:13:45,000 AND HOW MANY THOUSAND YEARS? 10309 08:13:45,001 --> 08:13:50,000 MR. ISAKSON: 31,709. 10310 08:13:50,001 --> 08:13:54,000 MR. COBURN: \$31,709,000,000,000,000. 10311 08:13:54,001 --> 08:13:55,000 SO WE'RE GOING TO HAVE 10312 08:13:55,001 --> 08:13:56,000 A \$1.6 TRILLION DEFICIT THIS 10313 08:13:56,001 --> 08:13:59,000 YEAR. 10314 08:13:59,001 --> 08:14:02,000 WELL, THAT'S 50,000 YEARS OF SECONDS. 10315 08:14:02,001 --> 08:14:07,000 JUST THIS YEAR. 10316 08:14:07,001 --> 08:14:08,000 IT'S 50,000 YEARS OF SECONDS. 10317 08:14:08,001 --> 08:14:10,000 WELL, LET ME GO INTO THE 10318 08:14:10,001 --> 08:14:25,000 AMENDMENT A LITTLE BIT AND KIND 10319 08:14:25,001 --> 08:14:29,000 OF TALK ABOUT IT. 10320 08:14:29,001 --> 08:14:30,000 THE -- 10321 08:14:30,001 --> 08:14:35,000 MR. CORN: THE FIRST SECTION OF 10322 08:14:35,001 --> 08:14:39,000 THIS AMENDMENT WOULD REQUIRE 10323 08:14:39,001 --> 08:14:43,000 PUBLIC DISCLOSURE OF THE AMOUNT 10324 08:14:43,001 --> 08:14:46,000 OF ANY NEW BORROWING OR SPENDING 10325 08:14:46,001 --> 08:14:48,000 APPROVED BY THE SENATE. 10326 08:14:48,001 --> 08:14:49,000 IN OTHER WORDS, IT'S ABOUT TRANSPARENCY. 10327 08:14:49,001 --> 08:14:51,000 IT'S ABOUT LETTING THE AMERICAN 10328 08:14:51,001 --> 08:14:55,000 PEOPLE HOLD US ACCOUNTABLE. 10329 08:14:55,001 --> 08:14:57,000 IT MEANS THAT ON THE SENATE 10330 08:14:57,001 --> 08:14:58,000 WEBSITE, AFTER WE MAKE NEW 10331 08:14:58,001 --> 08:15:00,000 SPENDING DECISIONS AND BORROWING 10332 08:15:00,001 --> 08:15:02,000 DECISIONS, WE HAVE TO PUBLISH IT 10333 08:15:02,001 --> 08:15:03,000 SO THE AMERICAN PEOPLE CAN SEE 10334 08:15:03,001 --> 08:15:06,000 IT. 10335 08:15:06,001 --> 08:15:08,000 RATHER THAN HIDE BEHIND IT. 10336 08:15:08,001 --> 08:15:10,000 IT'S REAL SIMPLE. 10337 08:15:10,001 --> 08:15:12,000 THERE'S NO SCORE FOR IT ON SAVINGS. 10338 08:15:12,001 --> 08:15:13,000 I'LL GUARANTEE YOU IT WILL SAVE 10339 08:15:13,001 --> 08:15:14,000 MONEY, BECAUSE IF WE KNOW THE 10340 08:15:14,001 --> 08:15:15,000 AMERICAN PEOPLE REALLY ARE GOING 10341 08:15:15,001 --> 08:15:17,000 TO KNOW WHAT THE FINANCIAL 10342 08:15:17,001 --> 08:15:19,000 CONSEQUENCES ARE OF WHAT WE DO 10343 08:15:19,001 --> 08:15:22,000 WITH ERY VOTE, IT'S GOING TO 10344 08:15:22,001 --> 08:15:24,000 CHANGE SOME VOTES AROUND HERE. 10345 08:15:24,001 --> 08:15:26,000 AND THE OTHER QUESTION WEUGHT 10346 08:15:26,001 --> 08:15:29,000 TO BE ASKING IS WHY SHOULDN'T 10347 08:15:29,001 --> 08:15:34,000 THEY KNOW WHAT WE'RE DOING AND 10348 08:15:34,001 --> 08:15:36,000 THE RAMIFICATIONS OF IT? 10349 08:15:36,001 --> 08:15:37,000 IT'S PRETTY SIMPLE, IT'S PRETTY 10350 08:15:37,001 --> 08:15:38,000 STRAIGHTFORWARD. 10351 08:15:38,001 --> 08:15:41,000 I'VE TOLD THE RULES COMMITTEE 10352 08:15:41,001 --> 08:15:43,000 THAT I WOULD PAY OUT OF MY 10353 08:15:43,001 --> 08:15:47,000 PERSONAL OFFICE BUDGET THE COST 10354 08:15:47,001 --> 08:15:49,000 OF THAT PROGRAM. 10355 08:15:49,001 --> 08:15:51,000 IN OTHER WORDS, IT W'T COST -- 10356 08:15:51,001 --> 08:15:53,000 I WOULD TURN BACK OVER \$500,000 10357 08:15:53,001 --> 08:15:56,000 EVERY YEAR, I'LL PAY FOR IT OUT 10358 08:15:56,001 --> 08:15:57,000 OF MY BUDGET TO MAKE SURE THAT'S 10359 08:15:57,001 --> 08:15:59,000 AVAILABLE. 10360 08:15:59,001 --> 08:16:01,000 SO THERE IS NO COST TO IT WHATSOEVER. 10361 08:16:01,001 --> 08:16:04,000 I'LL PAY FOR IT. 10362 08:16:04,001 --> 08:16:06,000 OUT OF MY BUDGET, OUT OF MY OFFICE. 10363 08:16:06,001 --> 08:16:09,000 SO IT DOESN'T COST US ANYTHING, 10364 08:16:09,001 --> 08:16:10,000 BUT IT GIVES THE TRANSPARENCY 10365 08:16:10,001 --> 08:16:13,000 THAT THE PRESIDENT AND I WORKED 10366 08:16:13,001 --> 08:16:15,000 ON IN THIS BODY AND HE WOULD 10367 08:16:15,001 --> 08:16:17,000 LIKE TO SEE FROM THIS BODY, AND 10368 08:16:17,001 --> 08:16:18,000 IT MAKES IT AVAILABLE TO THE 10369 08:16:18,001 --> 08:16:21,000 AMERICAN PEOPLE. 10370 08:16:21,001 --> 08:16:23,000 SO WE'RE GOING TO GET A VOTE ON 10371 08:16:23,001 --> 08:16:26,000 THAT. 10372 08:16:26,001 --> 08:16:34,000 AND IT IS IMPORTANT TO NOTE WITH 10373 08:16:34,001 --> 08:16:40,000 THIS BILL, IF IT 10374 08:16:40,001 --> 08:16:50,000 HAVE BORROWED -- THAT'S 79, 89, 10375 08:16:50,001 --> 08:16:53,000 97, 143, 153, 252, PLUS 50, 10376 08:16:53,001 --> 08:16:54,000 50, \$302 BILLION JUST SINCE 10377 08:16:54,001 --> 08:16:57,000 FEBRUARY 14. 10378 08:16:57,001 --> 08:17:02,000 OUTSIDE OF THE BUDGET. 10379 08:17:02,001 --> 08:17:08,000 OUTSIDE OF THE BUDGET. 10380 08:17:08,001 --> 08:17:13,000 NOW, \$300 BILLION, THAT WILL RUN 10381 08:17:13,001 --> 08:17:14,000 OKLAHOMA 40 YEARS. 10382 08:17:14,001 --> 08:17:17,000 YOU COULD RUN THE WHOLE STATE OF 10383 08:17:17,001 --> 08:17:20,000 OKLAHOMA ON WHAT WE HAVE DONE IN 10384 08:17:20,001 --> 08:17:22,000 SIX MONTHS FOR 40 YEARS. 10385 08:17:22,001 --> 08:17:25,000 SO WHY SHOULDN'T WE LET THE 10386 08:17:25,001 --> 08:17:29,000 AMERICAN PEOPLE SEE WHAT WE'RE DOING? 10387 08:17:29,001 --> 08:17:30,000 SINCE IT'S GOING TO COST NOTHING 10388 08:17:30,001 --> 08:17:32,000 AND IT'S TRANSPARENCY SO THEY 10389 08:17:32,001 --> 08:17:37,000 CAN HOLD US ACCOUNTABLE, WHY 10390 08:17:37,001 --> 08:17:40,000 SHOULD WE NOT DO THAT? 10391 08:17:40,001 --> 08:17:45,000 THE SECOND THING THAT'S 10392 08:17:45,001 --> 08:17:50,000 IMPORTANT IS IN THE LAST YEAR, 10393 08:17:50,001 --> 08:17:51,000 WE HAVE MARKEDLY INCREASED -- 10394 08:17:51,001 --> 08:17:52,000 NOT COUNTING THE STIMULUS 10395 08:17:52,001 --> 08:17:54,000 BILL -- THE DISCRETIONARY 10396 08:17:54,001 --> 08:17:55,000 SPENDING OF THE FEDERAL 10397 08:17:55,001 --> 08:17:56,000 GOVERNMENT. 10398 08:17:56,001 --> 08:17:58,000 AND WE DIDN'T LEAVE OURSELVES 10399 08:17:58,001 --> 08:18:01,000 OUT ON THAT. 10400 08:18:01,001 --> 08:18:06,000 INFLATION WAS NOTHING AND WE 10401 08:18:06,001 --> 08:18:10,000 INCREASED OUR OWN BUDGET 4.8%. 10402 08:18:10,001 --> 08:18:14,000 SO THE OTHER COMPONENT OF 10403 08:18:14,001 --> 08:18:18,000 THIS -- ONE OF THESE AMENDMENTS 10404 08:18:18,001 --> 08:18:19,000 IS THAT 4.8%, I 10405 08:18:19,001 --> 08:18:21,000 GIVE \$100 MILLION OF IT BACK, 10406 08:18:21,001 --> 08:18:22,000 ICH WOULD BE A THIRD OF THAT. 10407 08:18:22,001 --> 08:18:23,000 THAT MEANS WE STILL GET THREE 10408 08:18:23,001 --> 08:18:25,000 TIMES WHAT THE REST OF THE 10409 08:18:25,001 --> 08:18:26,000 COUNTRY GOT IN TERMS OF 10410 08:18:26,001 --> 08:18:28,000 INCREASE, BUT IT SHOWS AT LEAST 10411 08:18:28,001 --> 08:18:30,000 WE'RE WLING TO LIVE. 10412 08:18:30,001 --> 08:18:32,000 AND IF ANYBODY RAN THEIR OFFICE 10413 08:18:32,001 --> 08:18:34,000 WITH ANY APPROPRIATENESS, THEY 10414 08:18:34,001 --> 08:18:36,000 WOULD HAVE A SURPLUS AS WELL 10415 08:18:36,001 --> 08:18:39,000 EVERY YEAR. 10416 08:18:39,001 --> 08:18:41,000 SO IT'S NOT A HARD CUT, BUT IT 10417 08:18:41,001 --> 08:18:45,000 IS IMPORTANT THAT SINCE WE GAVE 10418 08:18:45,001 --> 08:18:46,000 OURSELVES A BUDGET INCREASE, 10419 08:18:46,001 --> 08:18:47,000 THAT WE DEMONSTRATE TO THE 10420 08:18:47,001 --> 08:18:48,000 AMERICAN PEOPLE THAT WE'RE 10421 08:18:48,001 --> 08:18:50,000 SERIOUS ABOUT DOING IT. 10422 08:18:50,001 --> 08:18:52,000 SO VOTE AGAINST IT AND SAY YOU 10423 08:18:52,001 --> 08:18:54,000 DON'T THINK SO OR VOTE FOR IT 10424 08:18:54,001 --> 08:18:56,000 AND LET'S PUT IT IN THIS BILL. 10425 08:18:56,001 --> 08:18:58,000 LET'S START SHOWING THE AMERICAN 10426 08:18:58,001 --> 08:19:00,000 PEOPLE WE GET IT. 10427 08:19:00,001 --> 08:19:05,000 WE'LL DO THE RIGHT BEST THING 10428 08:19:05,001 --> 08:19:14,000 FOR THE COUNTRY IN THE LONG 10429 08:19:14,001 --> 08:19:16,000 TERM. 10430 08:19:16,001 --> 08:19:19,000 I HAVE OCCASIONAL CONVERSATIONS 10431 08:19:19,001 --> 08:19:23,000 WITH THE PRESIDENT, AND ONE OF 10432 08:19:23,001 --> 08:19:26,000 THE THINGS THAT HE HAS TOLD HIS 10433 08:19:26,001 --> 08:19:30,000 ADMINISTRATION TO DO -- AND WE 10434 08:19:30,001 --> 08:19:33,000 HEARD IT FLATLY REJECTED, NOT 10435 08:19:33,001 --> 08:19:34,000 JUST REJECTED, FLATLY REJECTED 10436 08:19:34,001 --> 08:19:38,000 ON THE BASIS OF A LACK OF 10437 08:19:38,001 --> 08:19:39,000 KNOWLEDGE BY THE CHAIRMAN OF THE 10438 08:19:39,001 --> 08:19:45,000 FINANCE COMMITTEE. 10439 08:19:45,001 --> 08:19:46,000 HE HAS TOLD EVERY AGENCY TO FIND 10440 08:19:46,001 --> 08:19:47,000 5% IN CUTS. 10441 08:19:47,001 --> 08:19:50,000 THAT'S INSTRUCTIONS THAT HE HAS 10442 08:19:50,001 --> 08:19:51,000 SENT OUT TO THE HEAD OF EVERY 10443 08:19:51,001 --> 08:19:54,000 AGENCY. 10444 08:19:54,001 --> 08:19:55,000 WHAT -- WHY HAS HE DONE THAT? 10445 08:19:55,001 --> 08:19:57,000 BECAUSE HE KNOWS THAT WE HAVE TO. 10446 08:19:57,001 --> 08:19:58,000 AND THIS PORTION OF THE 10447 08:19:58,001 --> 08:20:00,000 AMENDMENT SAYS THAT'S EXACTLY 10448 08:20:00,001 --> 08:20:04,000 WHAT WE'RE GOING TO DO. 10449 08:20:04,001 --> 08:20:06,000 WE'RE GOING TO CUT 5% OF THE 10450 08:20:06,001 --> 08:20:08,000 DISCRETIONARY SPENDING OF EVERY 10451 08:20:08,001 --> 08:20:16,000 BRANCH OF GOVERNMENT SAVE 10452 08:20:16,001 --> 08:20:20,000 DEFENSE AND VETERANS BY 5%. 10453 08:20:20,001 --> 08:20:22,000 SOME WOULD SAY WELL, THAT'S 10454 08:20:22,001 --> 08:20:23,000 1/20th OF THEIR BUDGET. 10455 08:20:23,001 --> 08:20:25,000 YES, IT IS. 10456 08:20:25,001 --> 08:20:28,000 BUT WHEN YOU LOOK AT IN LIGHT OF 10457 08:20:28,001 --> 08:20:30,000 THE SIZE OF THE AGENCIES TODAY, 10458 08:20:30,001 --> 08:20:33,000 IN THE LAST TEN YEARS, THEY ARE 10459 08:20:33,001 --> 08:20:35,000 TWICE AS BIG AS THEY WERE TEN 10460 08:20:35,001 --> 08:20:37,000 YEARS AGO. 10461 08:20:37,001 --> 08:20:43,000 THEY HAVE AVERAGE GROWN BY 10% 10462 08:20:43,001 --> 08:20:45,000 PER YEAR, AND WE CAN'T FIND 5% 10463 08:20:45,001 --> 08:20:48,000 OR 1/5 OF THE GROWTH THAT THEY 10464 08:20:48,001 --> 08:20:51,000 HAVE HAD OVER THE LAST TEN YEARS 10465 08:20:51,001 --> 08:20:52,000 THAT CAN BE DONE MORE 10466 08:20:52,001 --> 08:20:56,000 EFFICIENTLY OR IS LOWER PRIORITY 10467 08:20:56,001 --> 08:20:58,000 OR IS NOT AS IMPORTANT, WE CAN'T 10468 08:20:58,001 --> 08:21:01,000 FIND THAT? 10469 08:21:01,001 --> 08:21:02,000 AND YET EVERY FAMILY, AS THE 10470 08:21:02,001 --> 08:21:03,000 SENATOR FROM GEORGIA IN THIS 10471 08:21:03,001 --> 08:21:07,000 COUNTRY, ALMOST EVERY FAMILY IS 10472 08:21:07,001 --> 08:21:09,000 HAVING TO DO THAT, 10473 08:21:09,001 --> 08:21:13,000 TO MANDATE THAT THE FEDERAL 10474 08:21:13,001 --> 08:21:15,000 GOVERNMENT GET ON A DIET, DO 10475 08:21:15,001 --> 08:21:18,000 THINGS MORE EFFICIENTLY, MORE 10476 08:21:18,001 --> 08:21:21,000 EFFECTIVELY, TAKE ANOTHER LOOK 10477 08:21:21,001 --> 08:21:24,000 CAN IT BE DONE A DIFFERENT WAY. 10478 08:21:24,001 --> 08:21:26,000 IT'S CALLED PRODUCTIVITY 10479 08:21:26,001 --> 08:21:27,000 INCREASES. 10480 08:21:27,001 --> 08:21:29,000 WE CAN GET THAT. 10481 08:21:29,001 --> 08:21:30,000 WE WON'T EVER GET IT IF WE DON'T 10482 08:21:30,001 --> 08:21:34,000 ASK FOR IT. 10483 08:21:34,001 --> 08:21:36,000 IT IS NOT A HARD CONCEPT THAT WE 10484 08:21:36,001 --> 08:21:41,000 CAN DO THAT. 10485 08:21:41,001 --> 08:21:44,000 AND WE ALLOW THE AGENCIES TO 10486 08:21:44,001 --> 08:21:45,000 MAKE THOSE RECOMMENDATIONS, AND 10487 08:21:45,001 --> 08:21:47,000 THAT'S ONE OF THE THINGS 10488 08:21:47,001 --> 08:21:49,000 PRESIDENT OBAMA HAS ALREADY 10489 08:21:49,001 --> 08:21:53,000 ASKED ALL HIS AGENCIES TO DO, IS 10490 08:21:53,001 --> 08:21:55,000 TO GO FIND THAT 5%. 10491 08:21:55,001 --> 08:21:58,000 THAT SENDS A WONDERFUL SIGNAL TO 10492 08:21:58,001 --> 08:22:01,000 THE AMERICAN PEOPLE THAT WE GET IT. 10493 08:22:01,001 --> 08:22:03,000 IT DOES SOMETHING ELSE THAT'S 10494 08:22:03,001 --> 08:22:05,000 REALLY IMPORTANT, AND SO WILL 10495 08:22:05,001 --> 08:22:07,000 THE DEFEAT OF THIS BILL IF IT -- 10496 08:22:07,001 --> 08:22:08,000 AND WE PASS IT WITH IT BEING 10497 08:22:08,001 --> 08:22:11,000 PAID FOR. 10498 08:22:11,001 --> 08:22:15,000 YOU KNOW, RIGHT NOW IN THIS 10499 08:22:15,001 --> 08:22:18,000 COUNTRY, THE VALUE OF OUR DOLLAR 10500 08:22:18,001 --> 08:22:20,000 IS PRETTY GOOD, AND THE REASON 10501 08:22:20,001 --> 08:22:24,000 IT'S GOOD IS BECAUSE PEOPLE ARE 10502 08:22:24,001 --> 08:22:26,000 WORRIED ABOUT JAPAN'S -- THE 10503 08:22:26,001 --> 08:22:27,000 VALUE OF THE YEN, AND THEY ARE 10504 08:22:27,001 --> 08:22:30,000 SIGNIFICANTLY WORRIED ABOUT THE 10505 08:22:30,001 --> 08:22:32,000 EURO WHAT'S HAPPENING TO GREECE 10506 08:22:32,001 --> 08:22:33,000 AND NOW WHAT IS GETTING READY TO 10507 08:22:33,001 --> 08:22:35,000 HAPPEN TO SPAIN. 10508 08:22:35,001 --> 08:22:37,000 SO MONEY IS RUSHING IN, SMART 10509 08:22:37,001 --> 08:22:40,000 MONEY AROUND THE WORLD IN THESE 10510 08:22:40,001 --> 08:22:43,000 OTHER ECONOMIES IS RUSHING TO 10511 08:22:43,001 --> 08:22:44,000 HIDE IN DOLLARS. 10512 08:22:44,001 --> 08:22:46,000 IN ABOUT TWO YEARS FROM NOW, 10513 08:22:46,001 --> 08:22:49,000 THAT MONEY IS GOING TO GO 10514 08:22:49,001 --> 08:22:52,000 SUCKING BACK OUT OF HERE BECAUSE 10515 08:22:52,001 --> 08:22:54,000 THOSE ECONOMIES WILL HAVE MADE 10516 08:22:54,001 --> 08:22:56,000 THE HARD CHOICES OF AUSTERITY 10517 08:22:56,001 --> 08:22:59,000 WITH WHICH TO RESTABILIZE THE 10518 08:22:59,001 --> 08:23:03,000 EURO OR THEIR CURRENCIES. 10519 08:23:03,001 --> 08:23:06,000 THEY WILL HAVE DONE IT. 10520 08:23:06,001 --> 08:23:08,000 WHAT WE 10521 08:23:08,001 --> 08:23:12,000 INTERNATIONAL FINANCIAL MARKET 10522 08:23:12,001 --> 08:23:16,000 IS A SIGNAL THAT SAYS WE, TOO, 10523 08:23:16,001 --> 08:23:18,000 ARE WAY OVEREXTENDE AND WE'RE 10524 08:23:18,001 --> 08:23:21,000 GOING TO START MAKING THE 10525 08:23:21,001 --> 08:23:24,000 APPROPRIATE CHOICES TO SECURE 10526 08:23:24,001 --> 08:23:26,000 OUR FINANCIAL FUTURE. 10527 08:23:26,001 --> 08:23:28,000 NOW, IT WAS JUST TWO MONTHS AGO 10528 08:23:28,001 --> 08:23:31,000 THAT MOODY'S PUT A NOTICE OUT 10529 08:23:31,001 --> 08:23:34,000 THAT SAID IF THINGS DON'T HAPPEN 10530 08:23:34,001 --> 08:23:36,000 AND START TO CHANGE WITH U.S. 10531 08:23:36,001 --> 08:23:40,000 GOVERNMENT BONDS, THEY ARE GOING 10532 08:23:40,001 --> 08:23:41,000 TO BE DOWNGRADED FROM AAA TO AA. 10533 08:23:41,001 --> 08:23:44,000 THAT IS A BIG DOWNGRADE. 10534 08:23:44,001 --> 08:23:48,000 WE HAVE NEVER HAD A AA RATING. 10535 08:23:48,001 --> 08:23:52,000 SO ALL OF A SUDDEN, THE -- THE 10536 08:23:52,001 --> 08:23:59,000 WORLD RATING SYSTEM IS GOING TO 10537 08:23:59,001 --> 08:24:00,000 SAY THAT OUR -- MAYBE THE 10538 08:24:00,001 --> 08:24:02,000 INVESTMENT IN OUR PRODUCT, OUR 10539 08:24:02,001 --> 08:24:03,000 DOLLARS IS NOT WHAT IT SHOULD BE. 10540 08:24:03,001 --> 08:24:04,000 WE NEED TO MAKE SURE THAT 10541 08:24:04,001 --> 08:24:06,000 DOESN'T HAPPEN. 10542 08:24:06,001 --> 08:24:07,000 WE NEED TO MAKE SURE WE'VE SENT 10543 08:24:07,001 --> 08:24:09,000 A SIGNAL TO THE WORLD. 10544 08:24:09,001 --> 08:24:13,000 WHEN WE START DOING THINGS WHERE 10545 08:24:13,001 --> 08:24:15,000 WE'RE PAYING FOR NEW THINGS BY 10546 08:24:15,001 --> 08:24:17,000 CUING LOWER PRIORITY ITEMS, WE 10547 08:24:17,001 --> 08:24:20,000 SEND THAT SIGNAL, WE BUILD THAT 10548 08:24:20,001 --> 08:24:23,000 CONFIDENCE BACK UP, AND WHEN WE 10549 08:24:23,001 --> 08:24:27,000 START PAYING FOR NEW BILLS AND 10550 08:24:27,001 --> 08:24:31,000 THE EXTENSIONS OF BENEFITS, WE 10551 08:24:31,001 --> 08:24:33,000 EXTEND THAT BACK UP. 10552 08:24:33,001 --> 08:24:36,000 WE'RE GOING TO HEAR -- ACTUALLY, 10553 08:24:36,001 --> 08:24:38,000 WE WON'T HEAR, BECAUSE WE WON'T 10554 08:24:38,001 --> 08:24:39,000 HEAR ANYBODY COME OUT AND DEBATE 10555 08:24:39,001 --> 08:24:40,000 AGAINST THESE THINGS. 10556 08:24:40,001 --> 08:24:42,000 WHAT THEY WILL CHOOSE TO DO IS 10557 08:24:42,001 --> 08:24:43,000 TO IGNE IT AND THEN VOTE 10558 08:24:43,001 --> 08:24:44,000 AGAINST THEM. 10559 08:24:44,001 --> 08:24:46,000 SO THE AMERICAN PEOPLE WON'T 10560 08:24:46,001 --> 08:24:49,000 HEAR A LEGITIMATE DEBATE ON WHY 10561 08:24:49,001 --> 08:24:51,000 WE SHOULDN'T CUT 5% ACROSS THE 10562 08:24:51,001 --> 08:24:53,000 BOARD, LETTING THEM DECIDE WHAT 10563 08:24:53,001 --> 08:24:54,000 AREAS ARE MOST IMPORTANT AND 10564 08:24:54,001 --> 08:24:56,000 RECOMMENDING THEM TO US. 10565 08:24:56,001 --> 08:24:59,000 WE JUST WON'T HAVE A DEBATE. 10566 08:24:59,001 --> 08:25:00,000 WE JUST WON'T DEBATE AND THEN 10567 08:25:00,001 --> 08:25:01,000 WE'LL KILL IT, THINKING IT WILL 10568 08:25:01,001 --> 08:25:02,000 GO AWAY. 10569 08:25:02,001 --> 08:25:03,000 YOU KNOW WHAT? 10570 08:25:03,001 --> 08:25:05,000 THE AMERICAN PEOPLE HAVE GOTTEN THAT ALREADY. 10571 08:25:05,001 --> 08:25:06,000 THAT'S NOT ACCEPTABLE TO THE 10572 08:25:06,001 --> 08:25:09,000 AMERICAN PEOPLE. 10573 08:25:09,001 --> 08:25:10,000 IF YOU THINK WE SHOULDN'T CUT 10574 08:25:10,001 --> 08:25:12,000 SPENDING IN THE FEDERAL 10575 08:25:12,001 --> 08:25:13,000 GOVERNMENT, COME OUT HERE AND 10576 08:25:13,001 --> 08:25:16,000 DEFEND IT. 10577 08:25:16,001 --> 08:25:18,000 COME OUT HERE AND GIVE US A PHILOSOPHICAL, LOGICAL REASON 10578 08:25:18,001 --> 08:25:20,000 WHY WE OUGHT TO CONTINUE TO 10579 08:25:20,001 --> 08:25:21,000 STEAL FROM OUR CHILDREN AND 10580 08:25:21,001 --> 08:25:23,000 GRANDCHILDREN. 10581 08:25:23,001 --> 08:25:24,000 WE WON'T SEE THAT. 10582 08:25:24,001 --> 08:25:26,000 WE WON'T SEE A STRONG DEBATE 10583 08:25:26,001 --> 08:25:27,000 AGAINST EACH OF THE POINTS THAT 10584 08:25:27,001 --> 08:25:31,000 I'M GOING TO MAKE ASSOCIATED 10585 08:25:31,001 --> 08:25:33,000 WITH THIS AMENDMENT. 10586 08:25:33,001 --> 08:25:36,000 AND THE REAL QUESTION THAT OUGHT 10587 08:25:36,001 --> 08:25:38,000 TO BE ASKED IS WHY.?? 10588 08:25:38,001 --> 08:25:42,000 BECAUSE IT'S INDEFENSIBLE TO 10589 08:25:42,001 --> 08:25:45,000 VOTE AGAINST IT, THAT'S WHY. 10590 08:25:45,001 --> 08:25:46,000 YOU CANNOT SEE THE WASTE, FRAUD, 10591 08:25:46,001 --> 08:25:51,000 ABUSE AND DUPLICATION IN THIS 10592 08:25:51,001 --> 08:25:52,000 GOVERNMENT AND NOT SAY WE CAN DO 10593 08:25:52,001 --> 08:25:56,000 BETTER. 10594 08:25:56,001 --> 08:25:57,000 SECTION 4 OF THE AMENDMENT 10595 08:25:57,001 --> 08:25:59,000 ELIMINATES NONESSENTIAL GOVERNMENT TRAVEL. 10596 08:25:59,001 --> 08:26:06,000 DO YOU REALIZE ALMOST EVERY 10597 08:26:06,001 --> 08:26:09,000 VISUAL EQUIPMENT FOR THE ABILITY 10598 08:26:09,001 --> 08:26:12,000 TO CARRY ON A TELECONFERENCE 10599 08:26:12,001 --> 08:26:15,000 ANYWHERE IN THIS COUNTRY AND 10600 08:26:15,001 --> 08:26:17,000 OVERSEAS, AND YET LAST YEAR WE 10601 08:26:17,001 --> 08:26:19,000 SPENT -- NO, TWO YEARS AGO WE 10602 08:26:19,001 --> 08:26:22,000 SPENT -- THE DATA IS BEHIND -- 10603 08:26:22,001 --> 08:26:24,000 WEPENT \$13.8 BILLION ON 10604 08:26:24,001 --> 08:26:29,000 AIRLINE TICKETS AND HOTELS FOR 10605 08:26:29,001 --> 08:26:35,000 FEDERAL GOVERNMENT EMPLOYEES, OF 10606 08:26:35,001 --> 08:26:37,000 WHICH OVER HALF OF IT WAS 10607 08:26:37,001 --> 08:26:44,000 NONESSENTIAL. 10608 08:26:44,001 --> 08:26:45,000 IN 2006, \$3.3 BILLION ON 10609 08:26:45,001 --> 08:26:47,000 AIRFAIR. 10610 08:26:47,001 --> 08:26:49,000 IN 2008, \$4 BILLION ON AIRFAIR. 10611 08:26:49,001 --> 08:26:53,000 WE CAN'T GET THE NUMBERS FROM 2009 YET. 10612 08:26:53,001 --> 08:26:54,000 HOTEL ROOMS, \$2.3 BILLION UP 10613 08:26:54,001 --> 08:26:57,000 TO \$2.5 BILLION. 10614 08:26:57,001 --> 08:26:58,000 CAR RENTALS FROM \$423 MILLION 10615 08:26:58,001 --> 08:27:00,000 TO \$437 MILLION. 10616 08:27:00,001 --> 08:27:02,000 MOST OF THIS CAN BE DONE BY 10617 08:27:02,001 --> 08:27:03,000 TELECONFERENCE. 10618 08:27:03,001 --> 08:27:06,000 WHY WOULDN'T WE SAY IN A TIME 10619 08:27:06,001 --> 08:27:08,000 WHEN WE'RE BORROWING \$1.6 TRILLION FROM OUR 10620 08:27:08,001 --> 08:27:09,000 KIDS THAT MAYBE WE OUGHT TO 10621 08:27:09,001 --> 08:27:12,000 TELECONFERENCE RHER THAN GET ON AN AIRPLANE? 10622 08:27:12,001 --> 08:27:14,000 I CAN TELL YOU, IT'S A WHOLE LOT 10623 08:27:14,001 --> 08:27:16,000 EASIER THAN TRAVELING 10624 08:27:16,001 --> 08:27:17,000 1,600 MILES TWICE A WEEK. 10625 08:27:17,001 --> 08:27:26,000 SO WHAT DOES THIS DO? 10626 08:27:26,001 --> 08:27:29,000 IT SAVES US MONEY. 10627 08:27:29,001 --> 08:27:34,000 ONE OF MY FAVORITE WAYS OF 10628 08:27:34,001 --> 08:27:36,000 SAVING MONEY IS TO CAP THE 10629 08:27:36,001 --> 08:27:37,000 PRINTING COSTS IN THE FEDERAL 10630 08:27:37,001 --> 08:27:38,000 GOVERNMENT. 10631 08:27:38,001 --> 08:27:40,000 AND WE HAVE EXAMPLES OF IT RIGHT 10632 08:27:40,001 --> 08:27:45,000 HERE. 10633 08:27:45,001 --> 08:27:46,000 EVERY DAY, WOE PUT A -- WE PUT A 10634 08:27:46,001 --> 08:27:49,000 CALENDAR OF BUSINESS OUT, WE PUT 10635 08:27:49,001 --> 08:27:51,000 AN EXECUTIVE CALENDAR OUT, AND 10636 08:27:51,001 --> 08:27:52,000 WE PUBLISH "THE CONGRESSIONAL 10637 08:27:52,001 --> 08:27:53,000 RECORD." 10638 08:27:53,001 --> 08:27:55,000 AND WE PRINT HUNDREDS OF 10639 08:27:55,001 --> 08:27:57,000 THOUSANDS OF COPIES. 10640 08:27:57,001 --> 08:28:01,000 AND YOU KNOW WHAT? 10641 08:28:01,001 --> 08:28:04,000 IT'S ALL ONLINE. 10642 08:28:04,001 --> 08:28:06,000 WE CAN -- WE C 10643 08:28:06,001 --> 08:28:08,000 OVER THE NEXT TEN YEARS BY 10644 08:28:08,001 --> 08:28:10,000 PRINTING LIMITED AMOUNTS OF 10645 08:28:10,001 --> 08:28:11,000 THINGS THAT WE NEED AND NOT 10646 08:28:11,001 --> 08:28:15,000 PRINTING SOME THINGS THAT 10647 08:28:15,001 --> 08:28:16,000 EVERYBODY ELSE HAS ACCESS TO ON 10648 08:28:16,001 --> 08:28:19,000 A COMPUTER. 10649 08:28:19,001 --> 08:28:21,000 WHY WOULD WE NOT DO THAT? 10650 08:28:21,001 --> 08:28:22,000 WHY WOULD WE NOT CAP OUR 10651 08:28:22,001 --> 08:28:23,000 PRINTING COSTS? 10652 08:28:23,001 --> 08:28:27,000 JUST THINK OF THE THOUSANDS OF 10653 08:28:27,001 --> 08:28:29,000 ACRES OF TREES WE CAN SAVE EVERY 10654 08:28:29,001 --> 08:28:32,000 YEAR. 10655 08:28:32,001 --> 08:28:35,000 WHAT WE KNOW IS EVERY YEAR 10656 08:28:35,001 --> 08:28:40,000 FEDERAL EMPLOYEES, THROUGHUR 10657 08:28:40,001 --> 08:28:45,000 DIRECTION, SPEND \$1.3 BILLION ON 10658 08:28:45,001 --> 08:28:47,000 PRINTING, AND AN ANALYSIS BY 10659 08:28:47,001 --> 08:28:48,000 G.A.O., \$440 MILLION OF THAT IS 10660 08:28:48,001 --> 08:28:50,000 UNNECESSARY. 10661 08:28:50,001 --> 08:28:52,000 SO OVER TEN YEARS, 10662 08:28:52,001 --> 08:28:59,000 THAT'S \$4.4 BILLION. 10663 08:28:59,001 --> 08:29:01,000 THAT'S \$4.4 BILLION THAT WE 10664 08:29:01,001 --> 08:29:03,000 -- FROM MADEINE. 10665 08:29:03,001 --> 08:29:05,000 MADELEINE AND HER OTHER 3 AND 10666 08:29:05,001 --> 08:29:08,000 4-YEAR-OLDS WON'T HAVE TO PAY IT BACK. 10667 08:29:08,001 --> 08:29:09,000 AND REMBER, THEY WON'T BE JUST 10668 08:29:09,001 --> 08:29:11,000 PAYING \$4.4 BILLION BACK. 10669 08:29:11,001 --> 08:29:13,000 THEY WILL BE PAYING THE 10670 08:29:13,001 --> 08:29:19,000 COMPOUNDED INTEREST THAT WILL 10671 08:29:19,001 --> 08:29:21,000 DOUBLE THAT DEBT IN 10-12 YEARS, 10672 08:29:21,001 --> 08:29:22,000 IN 20 YEARS IT WILL TRIPLE IT, 10673 08:29:22,001 --> 08:29:25,000 IN 30 IT WILL QUADRUPLE IT. 10674 08:29:25,001 --> 08:29:28,000 SO THEY WON'T BE PAYING \$4.4 BILLION BACK. 10675 08:29:28,001 --> 08:29:30,000 THEY WILL BE PAYING \$20 BILLION BACK. 10676 08:29:30,001 --> 08:29:32,000 WHY WOULD WE NOT DO THAT? 10677 08:29:32,001 --> 08:29:33,000 WHY WOULD WE NOT MAKE THIS 10678 08:29:33,001 --> 08:29:35,000 DECISION TO DO IT? 10679 08:29:35,001 --> 08:29:39,000 IT'S BEEN REJECTED BY THIS BODY 10680 08:29:39,001 --> 08:29:40,000 IN THE PAST. 10681 08:29:40,001 --> 08:29:43,000 BEFORE THE BUSH ADMINISTRATION 10682 08:29:43,001 --> 08:29:46,000 LEFT, I WAS WORKING WITH THEM ON 10683 08:29:46,001 --> 08:29:54,000 UNUSED FEDERAL REAL PROPERTY. 10684 08:29:54,001 --> 08:29:56,000 OF BILLIONS OF UNDERUTILIZED 10685 08:29:56,001 --> 08:29:57,000 FEDERAL PROPERTY THAT YOU OWN AS 10686 08:29:57,001 --> 08:30:01,000 TAXPAYERS. 10687 08:30:01,001 --> 08:30:03,000 WE SPEND \$8 BILLION A YEAR 10688 08:30:03,001 --> 08:30:04,000 MAINTAING BUILDINGS THAT WE'RE 10689 08:30:04,001 --> 08:30:07,000 NOT USING. 10690 08:30:07,001 --> 08:30:13,000 NOW, THINK ABOUT THAT. 10691 08:30:13,001 --> 08:30:15,000 WE'RE SPENDING \$8 BILLION A YEAR 10692 08:30:15,001 --> 08:30:17,000 MAINTAING BUILDINGS THAT WE'RE 10693 08:30:17,001 --> 08:30:19,000 NOT USING. 10694 08:30:19,001 --> 08:30:22,000 BUT WE CAN'T SELL THEM BECAUSE 10695 08:30:22,001 --> 08:30:26,000 THERE IS A LITTLE BILL CALLED 10696 08:30:26,001 --> 08:30:28,000 THE McKINTY-VINTO ACT THAT 10697 08:30:28,001 --> 08:30:29,000 SAYS EVERY USED BUILDING IN THE 10698 08:30:29,001 --> 08:30:30,000 FEDERAL GOVERNMENT HAS TO BE 10699 08:30:30,001 --> 08:30:32,000 OFFERED AS A HOMELESS SHELTER 10700 08:30:32,001 --> 08:30:34,000 FIRST, EVEN IF IT'S AN AIRPLANE 10701 08:30:34,001 --> 08:30:35,000 HANGAR ON A CLOSED MILITARY 10702 08:30:35,001 --> 08:30:37,000 BASE. 10703 08:30:37,001 --> 08:30:38,000 SO WE HAVE CREATED A BUREAUCRACY 10704 08:30:38,001 --> 08:30:41,000 NIGHTMARE THAT DOES NOT ALLOW US 10705 08:30:41,001 --> 08:30:44,000 TO DO THAT. 10706 08:30:44,001 --> 08:30:46,000 CONSEQUENTLY, WE COULD TAKE A 10707 08:30:46,001 --> 08:30:47,000 TENTH OF THE \$8 BILLION WE'RE 10708 08:30:47,001 --> 08:30:51,000 SPENDING AND APPROPRIATE THAT 10709 08:30:51,001 --> 08:30:55,000 DIRECTLY TO THE HOMELESS AND 10710 08:30:55,001 --> 08:30:57,000 SAVE \$7.2 BILLION A YEAR. 10711 08:30:57,001 --> 08:30:58,000 BUT THIS BODY HAS REJECTED THAT 10712 08:30:58,001 --> 08:30:59,000 AS WELL. 10713 08:30:59,001 --> 08:31:01,000 THEY HAVE VOTED IT DOWN. 10714 08:31:01,001 --> 08:31:07,000 DIDN'T GIVE A REASON FOR VOTING IT DOWN. 10715 08:31:07,001 --> 08:31:12,000 THEY JUST VOTED IT DOWN. 10716 08:31:12,001 --> 08:31:13,000 WE HAVE 46,745 UNDERUTILIZED 10717 08:31:13,001 --> 08:31:18,000 PROPERTIES, 18,849 PROPERTIES 10718 08:31:18,001 --> 08:31:20,000 THAT WE'RE NOT USING AT ALL. 10719 08:31:20,001 --> 08:31:23,000 A TOTAL OF 65,000 PROPERTIES 10720 08:31:23,001 --> 08:31:27,000 WITH AN ESTIMATED VALUE THAT 10721 08:31:27,001 --> 08:31:29,000 WE'RE NOT UTILIZING 10722 08:31:29,001 --> 08:31:30,000 OF \$83 BILLION. 10723 08:31:30,001 --> 08:31:33,000 \$83 BILLION OF PROPERTY THAT 10724 08:31:33,001 --> 08:31:36,000 YOU'RE PAYING THE MAINTENANCE ON 10725 08:31:36,001 --> 08:31:39,000 THAT WE'RE NOT USING THAT WE 10726 08:31:39,001 --> 08:31:41,000 COULD SELL. 10727 08:31:41,001 --> 08:31:42,000 AND PAY FOR ALMOST ALL OF THIS 10728 08:31:42,001 --> 08:31:52,000 BILL. 10729 08:31:52,001 --> 08:31:54,000 BUT WE WON'T DO IT. 10730 08:31:54,001 --> 08:31:57,000 AND, OF COURSE, WE DON'T BUY 10731 08:31:57,001 --> 08:31:58,000 MANY PROPERTIES ANY IS MORE SCWH 10732 08:31:58,001 --> 08:32:01,000 THE REASON FOR THAT IS EVEN WITH 10733 08:32:01,001 --> 08:32:02,000 OUR BU SCORING, EVEN THOUGH IT 10734 08:32:02,001 --> 08:32:03,000 WOULD BE SMARTER TO BUY IT, 10735 08:32:03,001 --> 08:32:04,000 BECAUSE THE TOTAL COST OF THE 10736 08:32:04,001 --> 08:32:09,000 BUILDINGS CHARGED TO THE AGENCY 10737 08:32:09,001 --> 08:32:11,000 IN WHICH THE BUILDING IS 10738 08:32:11,001 --> 08:32:13,000 COMPLETED, NONE OF THE AGENCIES 10739 08:32:13,001 --> 08:32:15,000 ARE BUYING BUILDINGS ANYMORE, THEY'RE RENTING. 10740 08:32:15,001 --> 08:32:18,000 WE SHOULDN'T BE RENTING THE 10741 08:32:18,001 --> 08:32:21,000 FIRST BUILDING. 10742 08:32:21,001 --> 08:32:22,000 WE SHOULD BE GETTING RID OF THE 10743 08:32:22,001 --> 08:32:23,000 \$85 BILLION WORTH OF BUILDINGS 10744 08:32:23,001 --> 08:32:24,000 WE DON'T DISMEED BUYING 10745 08:32:24,001 --> 08:32:25,000 BUILDINGS BECAUSE YOU CAN OWN A 10746 08:32:25,001 --> 08:32:27,000 BUILDING A LOT CHEAPER THAN YOU 10747 08:32:27,001 --> 08:32:28,000 COULD LEASE A BUILDING. 10748 08:32:28,001 --> 08:32:31,000 MAYBE NOT LAST YEAR BECAUSE THE 10749 08:32:31,001 --> 08:32:32,000 COMMERCIAL RATES ARE COMING BACK 10750 08:32:32,001 --> 08:32:38,000 UP. 10751 08:32:38,001 --> 08:32:43,000 YET WE DON'T DO IT. 10752 08:32:43,001 --> 08:32:44,000 SINCE 2005, OUT OF THIS \$85 10753 08:32:44,001 --> 08:32:45,000 BECAUSE OF THE BUREAUCRATIC 10754 08:32:45,001 --> 08:32:48,000 NIGHTMARES OF STEPS YOU HAVE TO 10755 08:32:48,001 --> 08:32:50,000 GO THROUGH, WE'VE ONLY SOLD 10756 08:32:50,001 --> 08:32:54,000 \$2.5 BILLION WORTH OF 10757 08:32:54,001 --> 08:32:55,000 \$85 BILLION PORTFOLIO. 10758 08:32:55,001 --> 08:32:56,000 NOW, NONE OF YOU WOULD DO THAT 10759 08:32:56,001 --> 08:32:58,000 WITH YOUR OWN PROPERTY. 10760 08:32:58,001 --> 08:32:59,000 IF YOU HAD PROPERTY OUT THERE 10761 08:32:59,001 --> 08:33:00,000 THAT YOU OWNED AND YOU WERE 10762 08:33:00,001 --> 08:33:01,000 SPENDING 10% OF THE VALUE OF 10763 08:33:01,001 --> 08:33:03,000 THAT PROPERTY EVERY YEAR 10764 08:33:03,001 --> 08:33:04,000 MAINTAING IT AND YOU WEREN'T 10765 08:33:04,001 --> 08:33:05,000 UTILIZING IT, YOU HAD AN 10766 08:33:05,001 --> 08:33:09,000 OPPORTUNITY TO SELL IT, YOU'D 10767 08:33:09,001 --> 08:33:11,000 LL IT. 10768 08:33:11,001 --> 08:33:14,000 NOT THE FEDERAL GOVERNMENT. 10769 08:33:14,001 --> 08:33:16,000 WE OUGHT TO BE ASKING WHY. 10770 08:33:16,001 --> 08:33:24,000 WHO TOOK A STUPID PILL TO SAY 10771 08:33:24,001 --> 08:33:25,000 NOT TO DO THAT? 10772 08:33:25,001 --> 08:33:28,000 AND SOME OF THE PROPERTY'S NOT 10773 08:33:28,001 --> 08:33:30,000 OF ANY RULE IS SO WE OUGHT TO 10774 08:33:30,001 --> 08:33:32,000 DEMOLISH IT BECAUSE IT COSTS LET 10775 08:33:32,001 --> 08:33:33,000 TO DEMOLISH IT THAN IT DOES TO 10776 08:33:33,001 --> 08:33:34,000 MAINTAIN IT. 10777 08:33:34,001 --> 08:33:38,000 LET ME JUST GIVE YOU A LITTLE 10778 08:33:38,001 --> 08:33:42,000 RUNDOWN ON SOME OF THEM. 10779 08:33:42,001 --> 08:33:44,000 ON THE BUILDINGS THAT WE NOW 10780 08:33:44,001 --> 08:33:47,000 HAVE THAT WE ARE UTILIZING, WE 10781 08:33:47,001 --> 08:33:49,000 HAVE A MAINTENANCE BACKLOG OF 10782 08:33:49,001 --> 08:33:51,000 \$35.5 BILLION. 10783 08:33:51,001 --> 08:33:53,000 SO WE'RE SPENDING MONEY ON 10784 08:33:53,001 --> 08:33:54,000 BUILDINGS WE DON'T WANT 10785 08:33:54,001 --> 08:33:55,000 MAINTAING THEM BUT WE CAN'T 10786 08:33:55,001 --> 08:33:56,000 TAKE CARE OF THE BUILDINGS WE 10787 08:33:56,001 --> 08:33:58,000 HAVE BECAUSE WE DON'T HAVE 10788 08:33:58,001 --> 08:33:59,000 OUGH MONEY BECAUSE WE'RE 10789 08:33:59,001 --> 08:34:07,000 SPENDING IT ON BUILDINGS THAT WE 10790 08:34:07,001 --> 08:34:10,000 DON'T WANT. 10791 08:34:10,001 --> 08:34:12,000 SECTION 7 PROVIDES THAT THE 10792 08:34:12,001 --> 08:34:15,000 DEPARTMENT OF DEFENSE WOULD 10793 08:34:15,001 --> 08:34:16,000 AUCTION NEW, UNUSED OR EXCELLENT 10794 08:34:16,001 --> 08:34:19,000 CONDITION EXCESS INVENTORY TO 10795 08:34:19,001 --> 08:34:21,000 THE HIGHEST BIDDER RATHER THAN 10796 08:34:21,001 --> 08:34:22,000 TRANSFERRING IT AT NO COSTS TO 10797 08:34:22,001 --> 08:34:25,000 STATE AGENCIES AND OTHERS. 10798 08:34:25,001 --> 08:34:28,000 YOU BUY TONS OF STUFF EVERY YEAR 10799 08:34:28,001 --> 08:34:29,000 THROUGH THE DEFENSE DEPARTMENT 10800 08:34:29,001 --> 08:34:31,000 THAT THEY DON'T NEED. 10801 08:34:31,001 --> 08:34:33,000 AS A MATTER OF FACT, THEY DON'T 10802 08:34:33,001 --> 08:34:35,000 EVEN KNOW WHAT THEY HAVE. 10803 08:34:35,001 --> 08:34:36,000 AND IT'S JUST SETTING IN 10804 08:34:36,001 --> 08:34:38,000 WAREHOUSES AROUND THE COUNTRY. 10805 08:34:38,001 --> 08:34:39,000 AND WHAT DO DO WHEN WE FIGURE 10806 08:34:39,001 --> 08:34:41,000 OUT WE DON'T NEED IT? 10807 08:34:41,001 --> 08:34:44,000 WE GIVE IT AWAY. 10808 08:34:44,001 --> 08:34:46,000 WELL, WHEN WE'RE \$13.2 TRILLION 10809 08:34:46,001 --> 08:34:48,000 IN DEBT, IT'S TIME TO STOP 10810 08:34:48,001 --> 08:34:49,000 GIVING IT AWAY. 10811 08:34:49,001 --> 08:34:51,000 IT'S TIME GET SOME VALUE FOR THE 10812 08:34:51,001 --> 08:34:54,000 AMERICAN TAXPAYERS WHO PAID 10813 08:34:54,001 --> 08:34:55,000 RETAIL PRICE FOR THAT AND TURN 10814 08:34:55,001 --> 08:34:57,000 AROUND AND SELL IT. 10815 08:34:57,001 --> 08:35:00,000 IT'S BEEN VOTED ON BEFORE AND 10816 08:35:00,001 --> 08:35:03,000 REJECTED. 10817 08:35:03,001 --> 08:35:04,000 I MENTIONED IN MY OPENING BOARDS 10818 08:35:04,001 --> 08:35:06,000 CAPPING THE TOTAL NUMBER OF 10819 08:35:06,001 --> 08:35:07,000 FEDERAL EMPLOYEES THIS -- 10820 08:35:07,001 --> 08:35:09,000 I MENTIONED IN MY OPENI WORDS 10821 08:35:09,001 --> 08:35:10,000 ABOUT CAPPING THE TOTAL NUMBER 10822 08:35:10,001 --> 08:35:12,000 OF FEDERAL EMPLOYEES THIS YEAR. 10823 08:35:12,001 --> 08:35:13,000 IT'S CALLE A HIRING FREEZE. 10824 08:35:13,001 --> 08:35:15,000 BUT IT'S NOT REALLY A HIRING 10825 08:35:15,001 --> 08:35:16,000 FREEZE BECAUSE IF YOU HAVE 10826 08:35:16,001 --> 08:35:17,000 RETIREMENTS, YOU CAN REPLACE THEM. 10827 08:35:17,001 --> 08:35:19,000 WE'VE HIRED 160,000 FEDERAL 10828 08:35:19,001 --> 08:35:23,000 EMPLOYEES INHE LAST 16 MONTHS. 10829 08:35:23,001 --> 08:35:25,000 WE'VE ONLY INCREASED THE NET NEW 10830 08:35:25,001 --> 08:35:27,000 JOBS OF ABOUT 450,000. 10831 08:35:27,001 --> 08:35:33,000 IT'S ALMOST 50% OF THE NET NEW 10832 08:35:33,001 --> 08:35:35,000 JOBS HAVE BEEN FEDERAL JOBS AT A 10833 08:35:35,001 --> 08:35:38,000 TIME WHEN OUR DEFICIT'S GOING TO 10834 08:35:38,001 --> 08:35:39,000 ONE OF THE HIGHEST ON RECORD. 10835 08:35:39,001 --> 08:35:42,000 I SAY TIME-OUT. 10836 08:35:42,001 --> 08:35:45,000 I SAY DO IT WITH WHO YOU GOT. IF YOU HAVE RETIREMENTS OR 10837 08:35:45,001 --> 08:35:46,000 PEOPLE WHO LEAVE, THEN REPLACE 10838 08:35:46,001 --> 08:35:48,000 THEM BUT DON'T INCREASE THE 10839 08:35:48,001 --> 08:35:50,000 NUMBERS ANYMORE. 10840 08:35:50,001 --> 08:35:54,000 THAT -- THOSE NUMBERS DON'T 10841 08:35:54,001 --> 08:35:56,000 INCREASE -- INCLUDE THE CENSUS, 10842 08:35:56,001 --> 08:36:00,000 441,000 TEMPORARY WORKERS THAT 10843 08:36:00,001 --> 08:36:02,000 WE'VE HIRED THAT WILL GO AWAY. 10844 08:36:02,001 --> 08:36:03,000 HOW ELSE ARE WE GOING TO GET OUR 10845 08:36:03,001 --> 08:36:07,000 BUDGET UNDER CONTROL IF WE DON'T 10846 08:36:07,001 --> 08:36:08,000 DO IT IN TERMS OF PERSONNEL? 10847 08:36:08,001 --> 08:36:13,000 THE OTHER THING IS IF YOU LOOK 10848 08:36:13,001 --> 08:36:15,000 AT THE PROCESS OVER THE LAST FEW 10849 08:36:15,001 --> 08:36:20,000 YEARS ON FEDERAL EMPLOYEES -- 10850 08:36:20,001 --> 08:36:22,000 AND I'LL SAY IT AGAIN -- DISCUSS 10851 08:36:22,001 --> 08:36:23,000 THE FACT THAT THOSE OF US WHO 10852 08:36:23,001 --> 08:36:28,000 THINK WE ARE AT A CRISIS MOMENT 10853 08:36:28,001 --> 08:36:30,000 IN OUR COUNTRY AND FEEL THAT WE 10854 08:36:30,001 --> 08:36:31,000 OUGHT TO BE MAKING TOUGH CHOICES 10855 08:36:31,001 --> 08:36:39,000 WOULD SAY THAT WE OUGHT TO 10856 08:36:39,001 --> 08:36:42,000 FREEZE GLOBAL TOTAL SALARY COSTS COSTS. 10857 08:36:42,001 --> 08:36:44,000 THAT'S NOT A SALARY FREEZE PER INDIVIDUAL. 10858 08:36:44,001 --> 08:36:46,000 THAT'S JUST SAYING THAT IN THIS 10859 08:36:46,001 --> 08:36:47,000 DEPARTMENT, THIS AGENCY, HERE'S 10860 08:36:47,001 --> 08:36:49,000 HOW MUCH YOU'RE GOING TO SPEND 10861 08:36:49,001 --> 08:36:53,000 ON SALARIES AND WE'RE NOT GOING 10862 08:36:53,001 --> 08:36:54,000 TO GO UP THIS YEAR. 10863 08:36:54,001 --> 08:36:56,000 WE'RE NOT GOING TO RAISE THE 10864 08:36:56,001 --> 08:36:57,000 TOTAL AMOUNT WE SPEND ON 10865 08:36:57,001 --> 08:36:59,000 SALARIES THIS YEAR. 10866 08:36:59,001 --> 08:37:00,000 THAT STILL ALLOWS EVERY MANAGER 10867 08:37:00,001 --> 08:37:01,000 GREAT FLEXIBILITY. 10868 08:37:01,001 --> 08:37:04,000 YOU CAN PROMOTE AND GIVE RAISES 10869 08:37:04,001 --> 08:37:06,000 TO PEOPLE WHO ARE PERFORMING. 10870 08:37:06,001 --> 08:37:07,000 BUT YOU CAN'T INCREASE THE TOTAL 10871 08:37:07,001 --> 08:37:09,000 AMOUNT OF MONEY. 10872 08:37:09,001 --> 08:37:11,000 NOW, WHY IS THAT IMPORTANT? 10873 08:37:11,001 --> 08:37:12,000 THERE'S AN ARTICLE IN TODAY'S 10874 08:37:12,001 --> 08:37:13,000 PAPER THAT THE OFFICE OF 10875 08:37:13,001 --> 08:37:14,000 PERSONNEL MANAGEMENT IS STARTING 10876 08:37:14,001 --> 08:37:17,000 TO LOOK AT. 10877 08:37:17,001 --> 08:37:20,000 WE'VE ALREADY LOOKED AT IT AND 10878 08:37:20,001 --> 08:37:22,000 HERE'S WHAT WE KNOW. 10879 08:37:22,001 --> 08:37:27,000 IN 1999, THE AVERAGE FEDERAL 10880 08:37:27,001 --> 08:37:33,000 SALARY WAS \$49,536. 10881 08:37:33,001 --> 08:37:34,000 IT'S NOW \$78,806. 10882 08:37:34,001 --> 08:37:40,000 INFLATION DURING THAT PERIOD OF 10883 08:37:40,001 --> 08:37:41,000 TIME AVERAGED 2.4%. 10884 08:37:41,001 --> 08:37:46,000 SALARY INCREASES DURING THAT 10885 08:37:46,001 --> 08:37:48,000 PERIOD OF TIME AVERAGED 4%. 10886 08:37:48,001 --> 08:37:54,000 1 1/2 TIMES THE RATE OF PRIVATE 10887 08:37:54,001 --> 08:38:00,000 PAY INCREASES IN THIS COUNTRY. 10888 08:38:00,001 --> 08:38:01,000 WHAT HAPPENED TO BENEFITS? 10889 08:38:01,001 --> 08:38:05,000 AVERAGE PERSONAL BENEFIT PER 10890 08:38:05,001 --> 08:38:09,000 FEDERAL EMPLOYEE IS NEARING 10891 08:38:09,001 --> 08:38:10,000 \$40,000 PER YEAR. 10892 08:38:10,001 --> 08:38:12,000 AND DEPENDING ON HOW MUCH YOU 10893 08:38:12,001 --> 08:38:17,000 MAKE, THAT MAY SEEM LIKE A LOT 10894 08:38:17,001 --> 08:38:20,000 OR NOT, BUT WHEN YOU LOOK AT THE 10895 08:38:20,001 --> 08:38:21,000 AVERAGE PRIVATE SECTOR PAY, IT'S 10896 08:38:21,001 --> 08:38:24,000 \$42,000. 10897 08:38:24,001 --> 08:38:26,000 IT'S \$36,000 LESS THAN THE 10898 08:38:26,001 --> 08:38:27,000 AVERAGE FEDERAL EMPLOYEE PAY. 10899 08:38:27,001 --> 08:38:29,000 I DON'T WANT FEDERAL EMPLOYEES 10900 08:38:29,001 --> 08:38:30,000 TO GET A CUT. 10901 08:38:30,001 --> 08:38:32,000 I JUST DON'T THINK WE OUGHT TO 10902 08:38:32,001 --> 08:38:34,000 INCREASE THEM ANYMORE AT A TIME 10903 08:38:34,001 --> 08:38:36,000 WHEN MOST PEOPLE AREN'T GETTING PAY INCREASES. 10904 08:38:36,001 --> 08:38:38,000 I DON'T THINK WE OUGHT TO 10905 08:38:38,001 --> 08:38:40,000 INCREASE FEDERAL PAY. 10906 08:38:40,001 --> 08:38:41,000 THE BENEFIT DIFFERENTIAL IS EVEN 10907 08:38:41,001 --> 08:38:42,000 MORE STARK. 10908 08:38:42,001 --> 08:38:43,000 THE AVERAGE COST OF BENEFITS TO 10909 08:38:43,001 --> 08:38:44,000 THE AVERAGE PERSON IN THIS 10910 08:38:44,001 --> 08:38:46,000 COUNTRY WHO DOESN'T WORK FOR THE 10911 08:38:46,001 --> 08:38:48,000 FEDERAL GOVERNMENT IS \$20,000 10912 08:38:48,001 --> 08:38:51,000 PER YEAR. 10913 08:38:51,001 --> 08:38:53,000 SO WE HAVE ALMOST TWICE AS RICH 10914 08:38:53,001 --> 08:38:55,000 A BENEFIT, 1/2 TO 2 TIMES AS 10915 08:38:55,001 --> 08:38:56,000 RICH A BENEFIT FOR FEDERAL 10916 08:38:56,001 --> 08:39:00,000 EMPLEES AS EVERYBODY ELSE IN 10917 08:39:00,001 --> 08:39:03,000 THE COUNTRY WHO'S EMPLOYED. 10918 08:39:03,001 --> 08:39:04,000 I'M NOT SAYING CUT THEM. 10919 08:39:04,001 --> 08:39:06,000 I'M JUST SAYING FOR ONE YEAR, 10920 08:39:06,001 --> 08:39:08,000 LET'S DON'T LET IT INCREASE. 10921 08:39:08,001 --> 08:39:10,000 LET'S DO RIGHT BY THE AMERICAN 10922 08:39:10,001 --> 08:39:14,000 PEOPLE WHO ARE STRUGGLING AND 10923 08:39:14,001 --> 08:39:15,000 LET'S DO RIGHT BY THE 10924 08:39:15,001 --> 08:39:20,000 GRANDCHILDREN AND YOUNG CHILDREN 10925 08:39:20,001 --> 08:39:21,000 IN THIS WORLD IN OUR COUNTRY BY 10926 08:39:21,001 --> 08:39:26,000 PUTTING SOME COMMONSENSE INTO 10927 08:39:26,001 --> 08:39:27,000 WHAT IS ALLOWABLE GIVEN A TIME 10928 08:39:27,001 --> 08:39:30,000 THAT WE'RE IN CRISIS. 10929 08:39:30,001 --> 08:39:32,000 WE VOTED ON THAT BEFORE. 10930 08:39:32,001 --> 08:39:34,000 IT FAILED. 10931 08:39:34,001 --> 08:39:36,000 FEDERAL EMPLOYEES ALSO HAVE 10932 08:39:36,001 --> 08:39:38,000 UNPAID TO THE FEDERAL GOVERNMENT 10933 08:39:38,001 --> 08:39:42,000 \$3 BILLION IN BACK TAXES THAT'S 10934 08:39:42,001 --> 08:39:44,000 NOT UNDER DISPUTE. 10935 08:39:44,001 --> 08:39:46,000 FEDERAL EMPLOYEES WHO GET A -- 10936 08:39:46,001 --> 08:39:48,000 THAT AVERAGE \$78,000 A YEAR OWE 10937 08:39:48,001 --> 08:39:49,000 THE FEDERAL GOVERNMENT 10938 08:39:49,001 --> 08:39:50,000 \$3 BILLION. 10939 08:39:50,001 --> 08:39:51,000 I SAY THEY OUGHT TO BE PAYING 10940 08:39:51,001 --> 08:39:53,000 IT. 10941 08:39:53,001 --> 08:39:54,000 I SAY IT OUGHT TO BE COMING OUT 10942 08:39:54,001 --> 08:39:57,000 OF THEIR WAGES. 10943 08:39:57,001 --> 08:39:59,000 I SAY IT'S TIME TO NOT ALLOW 10944 08:39:59,001 --> 08:40:02,000 THAT AS A CONDITION OF YOUR 10945 08:40:02,001 --> 08:40:04,000 EMPLOYMENT ANYMORE. 10946 08:40:04,001 --> 08:40:06,000 IT SEEMS UNCONSCIONABLE TO ME 10947 08:40:06,001 --> 08:40:07,000 THAT YOU CANNOT PAY YOUR TAXES, 10948 08:40:07,001 --> 08:40:09,000 MAKE \$78,000 A YEAR AND WE'RE 10949 08:40:09,001 --> 08:40:10,000 NOT GOING TO FORCE YOU TO PAY 10950 08:40:10,001 --> 08:40:13,000 THEM. 10951 08:40:13,001 --> 08:40:15,000 SO IT'S A \$3 BILLION SAVINGS BUT 10952 08:40:15,001 --> 08:40:17,000 IT'S AN IMPORTANT SIGNAL TO SEND TO PEOPLE. 10953 08:40:17,001 --> 08:40:19,000 WE'RE ALL PAYING TAXES. 10954 08:40:19,001 --> 08:40:20,000 YOU OUGHT TO TOO SINCE YOU MAKE 10955 08:40:20,001 --> 08:40:23,000 1 1/2 TIMES WHAT THE AVERAGE 10956 08:40:23,001 --> 08:40:25,000 PERSON IN THIS COUNTRY MAKES. 10957 08:40:25,001 --> 08:40:27,000 WE TALKED EARLIER ABOUT SECTION 10958 08:40:27,001 --> 08:40:29,000 11, THAT IT ELIMINATES THE 10959 08:40:29,001 --> 08:40:31,000 AWARDING OF BONUSES TO 10960 08:40:31,001 --> 08:40:32,000 GOVERNMENT CONTRACTORS WHEN THEY 10961 08:40:32,001 --> 08:40:34,000 HAVE UNSATISFACTORY PERFORMANCE. 10962 08:40:34,001 --> 08:40:35,000 THAT'S A NO-BRAINER. 10963 08:40:35,001 --> 08:40:37,000 NOBODY IN THE PRIVATE SECTOR IS 10964 08:40:37,001 --> 08:40:38,000 GOING TO GIVE A BONUS TO 10965 08:40:38,001 --> 08:40:39,000 SOMEBODY THAT ISN'T PERFORMING. 10966 08:40:39,001 --> 08:40:43,000 BUT THE FEDERAL GOVERNMENT DOES 10967 08:40:43,001 --> 08:40:46,000 ALL THE TIME. 10968 08:40:46,001 --> 08:40:52,000 WE NEED TO STATUTORILY SAY YOU 10969 08:40:52,001 --> 08:40:55,000 CAN'T DO THAT ANY MORE. 10970 08:40:55,001 --> 08:40:57,000 SECTION 13 IS A BILL THAT WE NOW 10971 08:40:57,001 --> 08:40:59,000 KNOW THAT WE SPENT \$6.2 BILLION 10972 08:40:59,001 --> 08:41:01,000 AT THE UNITED NATIONS LAST YEAR. 10973 08:41:01,001 --> 08:41:04,000 WE HAVE NO TRANSPARENCY FROM 10974 08:41:04,001 --> 08:41:07,000 THEM ON HOW OUR MONEY WAS SPENT. 10975 08:41:07,001 --> 08:41:09,000 WE KNOW WE ACCOUNT FOR 25% OF 10976 08:41:09,001 --> 08:41:11,000 THEIR REGULAR BUDGET AND 26% OF 10977 08:41:11,001 --> 08:41:14,000 THE PEACEKEEPING BUDGET. 10978 08:41:14,001 --> 08:41:15,000 WE DID GET A LITTLE PIECE OF 10979 08:41:15,001 --> 08:41:18,000 LEAKED DATA THAT WAS ON AN DIT. 10980 08:41:18,001 --> 08:41:20,000 WHAT WE DO KNOW, THAT IT'S 10981 08:41:20,001 --> 08:41:24,000 NEARLY 40% OF THE MONEY SPENT ON 10982 08:41:24,001 --> 08:41:26,000 PEACEKEEPING IS DEFRAUDED. 10983 08:41:26,001 --> 08:41:29,000 OUR -- OUR VOLUNTARY ADDITIONAL 10984 08:41:29,001 --> 08:41:32,000 CONTRIBUTIONS TO THE U.N. ARE 10985 08:41:32,001 --> 08:41:34,000 \$1.3 BILLION LAST YEAR. 10986 08:41:34,001 --> 08:41:37,000 ALL THIS AMENDMENT SAYS IS DON'T 10987 08:41:37,001 --> 08:41:39,000 GIVE MORE THAN A MILLION TO AN INCOMPETENT ORGANIZATION THAT 10988 08:41:39,001 --> 08:41:41,000 YOU CAN'T FIND OUT WHERE THEY'RE 10989 08:41:41,001 --> 08:41:44,000 SPENDING OUR TAXPAYERS' MONEY. 10990 08:41:44,001 --> 08:41:45,000 ACTUALLY, IT'S KIND OF A 10991 08:41:45,001 --> 08:41:47,000 RIDICULOUS AMENDMENT. 10992 08:41:47,001 --> 08:41:48,000 WHY WOULD WE LET THEM HAVE 10993 08:41:48,001 --> 08:41:49,000 A BILLION? 10994 08:41:49,001 --> 08:41:52,000 BUT AT LEAST SAVE \$300 MILLION 10995 08:41:52,001 --> 08:41:53,000 EVERY YEAR OR \$3 TRILLION -- 10996 08:41:53,001 --> 08:41:56,000 \$3 BILLION OVER THE NEXT TEN 10997 08:41:56,001 --> 08:42:07,000 YEARS BY N ALLOWING THAT TO GO 10998 08:42:07,001 --> 08:42:11,000 FORWARD? 10999 08:42:11,001 --> 08:42:12,000 I WANT TO TALK FOR A MOMENT 11000 08:42:12,001 --> 08:42:13,000 ABOUT ONE OTHER THING THAT I 11001 08:42:13,001 --> 08:42:14,000 THINK IS IMPORTANT THAT MOST OF 11002 08:42:14,001 --> 08:42:21,000 THIS BODY HAS VOTED AGAINST 11003 08:42:21,001 --> 08:42:25,000 SEVERAL TIMES BUT IT -- WE HAVE \$1.7 TRILLION SITTING IN THE 11004 08:42:25,001 --> 08:42:29,000 BANK OF MONEY THAT THE CONGRESS 11005 08:42:29,001 --> 08:42:32,000 HAS APPROPRIATED TO BE SPENT IN 11006 08:42:32,001 --> 08:42:34,000 OUT-YEARS. 11007 08:42:34,001 --> 08:42:37,000 ALMOST \$700 BILLION OF THAT HAS 11008 08:42:37,001 --> 08:42:39,000 NOT BEEN OBLIGATED FOR ANYTHING 11009 08:42:39,001 --> 08:42:41,000 YET WE'VE GOT T-BONDS AND 11010 08:42:41,001 --> 08:42:42,000 T-BILLS THAT WE'RE PAYING 11011 08:42:42,001 --> 08:42:46,000 INTEREST ON WHILE THAT SITS OVER 11012 08:42:46,001 --> 08:42:48,000 THERE. 11013 08:42:48,001 --> 08:42:51,000 PRUDENT MANAGEMENT WOULD SAY 11014 08:42:51,001 --> 08:42:54,000 RATHER THAN BORROW MONEY, MORE 11015 08:42:54,001 --> 08:42:55,000 MONEY, YOU WOULD USE MONEY FROM 11016 08:42:55,001 --> 08:42:57,000 A BANK ACCOUNT THAT YOU ALREADY 11017 08:42:57,001 --> 08:42:58,000 HAVE RATHER THAN BORROW MORE. 11018 08:42:58,001 --> 08:43:00,000 AND SO THIS PORTION OF THE 11019 08:43:00,001 --> 08:43:03,000 AMENDMENT TAKES \$50 BILLION OUT 11020 08:43:03,001 --> 08:43:05,000 OF THAT \$700 BILLION. 11021 08:43:05,001 --> 08:43:06,000 WE OUGHT TO ELIMINATE IT ALL IF 11022 08:43:06,001 --> 08:43:07,000 IT'S UNOBLIGATED. 11023 08:43:07,001 --> 08:43:08,000 I RECOGNIZE THAT THEY HAVE TO 11024 08:43:08,001 --> 08:43:11,000 HAVE SOME MOVEMENT BACK AND 11025 08:43:11,001 --> 08:43:14,000 FORTH, BUT THEY'LL NEVER NOTICE 11026 08:43:14,001 --> 08:43:16,000 THAT \$50 BILLION ISN'T IN THE UNOBLIGATED BALANCES. 11027 08:43:16,001 --> 08:43:18,000 AND WHEN THAT EXPENDITURE COMES, WE CAN APPROPRIATE ADDITIONAL 11028 08:43:18,001 --> 08:43:19,000 MONEY FOR IT. 11029 08:43:19,001 --> 08:43:24,000 BUT WHAT WE'RE DOING IS WE'RE 11030 08:43:24,001 --> 08:43:26,000 LETTING MONEY SET IDLE WHILE WE 11031 08:43:26,001 --> 08:43:29,000 BORROW ADDITIONAL MONEY TO DO ADDITIONAL THINGS. 11032 08:43:29,001 --> 08:43:34,000 SO THIS JUST SIMPLY SAYS WE MOVE 11033 08:43:34,001 --> 08:43:36,000 \$50 BILLION OUT OF THAT. 11034 08:43:36,001 --> 08:43:39,000 SECTION 18 IS ABOUT GETTING ENERGY EFFICIENCY AT THE 11035 08:43:39,001 --> 08:43:45,000 DEPARTMENT OF ENERGY. 11036 08:43:45,001 --> 08:43:46,000 SECTION 19, AND I TALKED TO THE 11037 08:43:46,001 --> 08:43:47,000 SENATOR -- ONE OF THE SENATORS 11038 08:43:47,001 --> 08:43:48,000 FROM CALIFORNIA ON THIS 11039 08:43:48,001 --> 08:43:49,000 AMENDMENT. 11040 08:43:49,001 --> 08:43:52,000 I'M NOT OPPOSED TO FIXING THE 11041 08:43:52,001 --> 08:43:53,000 PROBLEMS WITH MEDICARE'S 11042 08:43:53,001 --> 08:43:55,000 STATISTICAL INACCURACIES IN 11043 08:43:55,001 --> 08:43:57,000 THEIR PAYMENTS, BUT I AM OPPOSED 11044 08:43:57,001 --> 08:43:58,000 TO NOT FIXING IT FOR THE FIVE 11045 08:43:58,001 --> 08:43:59,000 OTHER STATES THAT HAVE IT AS 11046 08:43:59,001 --> 08:44:03,000 WELL. 11047 08:44:03,001 --> 08:44:08,000 IT IS UNFAIR TO TAKE THE STATE 11048 08:44:08,001 --> 08:44:14,000 OF CALIFORNIA, WHEN THE STATES 11049 08:44:14,001 --> 08:44:18,000 OF -- AND I'LL GIVE THETO YOU 11050 08:44:18,001 --> 08:44:20,000 -- THE STATES OF GEORGIA, 11051 08:44:20,001 --> 08:44:23,000 MINNESOTA, OHIO, AND VIRGINIA 11052 08:44:23,001 --> 08:44:24,000 ALL HAVE EXACTLY THE SAME 11053 08:44:24,001 --> 08:44:26,000 PROBLEM. 11054 08:44:26,001 --> 08:44:30,000 YET IN THIS BILL, AS YOU HEARD 11055 08:44:30,001 --> 08:44:31,000 SENATOR GRASSLEY EARLIER SAY, WE 11056 08:44:31,001 --> 08:44:35,000 ONLY FIXED ONE OF THE STATES. 11057 08:44:35,001 --> 08:44:37,000 FOLKS, THAT'S CALLED AN EARMARK. 11058 08:44:37,001 --> 08:44:39,000 NOW, THERE'S NOTHING WRONG WITH 11059 08:44:39,001 --> 08:44:40,000 FIXING IT FOR CALIFORNIA, BUT 11060 08:44:40,001 --> 08:44:41,000 THERE'S PLENTY WRONG WITH FIXING 11061 08:44:41,001 --> 08:44:45,000 IT FOR CALIFORNIA BUT NOT FIXING 11062 08:44:45,001 --> 08:44:46,000 IT FOR THESE OTHER FOUR STATES. 11063 08:44:46,001 --> 08:44:48,000 IF IT'S SOMETHING THAT NEEDS TO 11064 08:44:48,001 --> 08:44:49,000 BE FIXED, WHY WOULD WE ADVANTAGE 11065 08:44:49,001 --> 08:44:53,000 CALIFORNIA OVER THESE OTHER 11066 08:44:53,001 --> 08:44:56,000 STATES? 11067 08:44:56,001 --> 08:44:58,000 IT'S CALLED FAVORTISM. 11068 08:44:58,001 --> 08:44:59,000 IT'S CALLED EXCEPTIONALISM. 11069 08:44:59,001 --> 08:45:00,000 IT SAYS THAT THE CITIZENS OF 11070 08:45:00,001 --> 08:45:03,000 CALIFORNIA ARE WORTH ME IN 11071 08:45:03,001 --> 08:45:06,000 THIS COUNTRY THAN THE CITIZENS 11072 08:45:06,001 --> 08:45:08,000 IN OHIO AND GEORGIA AND VIRGINIA 11073 08:45:08,001 --> 08:45:09,000 AND MICHIGAN. 11074 08:45:09,001 --> 08:45:11,000 THEY'RE NOT. 11075 08:45:11,001 --> 08:45:12,000 SO IF IT IS A PROBLEM THAT NEEDS 11076 08:45:12,001 --> 08:45:13,000 TOCK ADDRESSED, LET'S ADDRESS 11077 08:45:13,001 --> 08:45:14,000 THE WHOLE PROBLEM. 11078 08:45:14,001 --> 08:45:15,000 WHY DIDN'T THEY ADDRESS THE 11079 08:45:15,001 --> 08:45:17,000 WHOLE PROBLEM? 11080 08:45:17,001 --> 08:45:18,000 BECAUSE IT WOULD HAVE COST MORE 11081 08:45:18,001 --> 08:45:20,000 MONEY. 11082 08:45:20,001 --> 08:45:23,000 WE'RE GOING TO BORROW \$400 11083 08:45:23,001 --> 08:45:25,000 MILLION PER YEAR TO FIX IT IN 11084 08:45:25,001 --> 08:45:30,000 CALIFORNIA, AND THAT'S OKAY, BUT 11085 08:45:30,001 --> 08:45:32,000 IT'S NOT OKAY TO FIMPLE FIX IT IN THE OTHER STATES. 11086 08:45:32,001 --> 08:45:34,000 THAT'S INHERENTLY UNFAIR. 11087 08:45:34,001 --> 08:45:35,000 IT BORDERS ON THE UNETHICAL AND 11088 08:45:35,001 --> 08:45:36,000 IT IS EXACTLY THE TYPE OF THING 11089 08:45:36,001 --> 08:45:39,000 THAT THE AMERICAN PEOPLE REJECT. 11090 08:45:39,001 --> 08:45:40,000 THERE IS A PROBLEM, FIX IT 11091 08:45:40,001 --> 08:45:41,000 FOR EVERYBODY. 11092 08:45:41,001 --> 08:45:42,000 DON'T SINGLE OUT ONE GROUP OF 11093 08:45:42,001 --> 08:45:48,000 PEOPLE AT THE EXPENSE OF THE 11094 08:45:48,001 --> 08:45:51,000 REST OF AMERICANS. 11095 08:45:51,001 --> 08:45:52,000 AND THEN FINALLY, THIS AMENDMENT 11096 08:45:52,001 --> 08:45:53,000 ELIMINATES ALL TAX INCREASES IN 11097 08:45:53,001 --> 08:45:56,000 THIS BILL. 11098 08:45:56,001 --> 08:46:00,000 THE LAST THING WE NEED TO BE 11099 08:46:00,001 --> 08:46:02,000 DOING RIGHT NOW IS DECREASING 11100 08:46:02,001 --> 08:46:03,000 CAPITAL FORMATION IN THIS 11101 08:46:03,001 --> 08:46:06,000 COUNTRY, DECREASING THE ABILITY 11102 08:46:06,001 --> 08:46:08,000 TO INVEST IN NEW IDEAS, 11103 08:46:08,001 --> 08:46:11,000 DECREASING THE CAPABILITY OF 11104 08:46:11,001 --> 08:46:15,000 SMALL BUSINESSES, WHICH THIS 11105 08:46:15,001 --> 08:46:16,000 BILL GOES AFTER, ITERMS OF 11106 08:46:16,001 --> 08:46:18,000 THEIR SUBCHAPTER "S" STATUS, AND 11107 08:46:18,001 --> 08:46:22,000 MAKE IT MORE EXPENSIVE TO START 11108 08:46:22,001 --> 08:46:23,000 A NEW BUSINESS OR KEEP ONE 11109 08:46:23,001 --> 08:46:24,000 RUNNING, WHEN 70% OF THE JOBS 11110 08:46:24,001 --> 08:46:25,000 THAT ARE CREATING IN THIS 11111 08:46:25,001 --> 08:46:27,000 COUNTRY -- AND WE'RE HURTING FOR 11112 08:46:27,001 --> 08:46:28,000 JOBS -- ARE CREATED BY SMALL 11113 08:46:28,001 --> 08:46:32,000 BUSINESS. 11114 08:46:32,001 --> 08:46:35,000 SO THIS -- THIS AMENDMENT HAS 20 SEGMENTS. 11115 08:46:35,001 --> 08:46:36,000 WE'RE GOING TO HAVE 0 VOTES. 11116 08:46:36,001 --> 08:46:39,000 WE'RE GOING TO SEE WHERE THIS 11117 08:46:39,001 --> 08:46:40,000 BODY LINES UP ON THESE ISSUES. 11118 08:46:40,001 --> 08:46:41,000 VOTE AGAINST COMMON SENSE AT 11119 08:46:41,001 --> 08:46:44,000 YOUR PERIL. 11120 08:46:44,001 --> 08:46:45,000 VOTE AGAINST THE FUTURE OF OUR 11121 08:46:45,001 --> 08:46:47,000 COUNTRY. 11122 08:46:47,001 --> 08:46:49,000 VOTE AGAINST MADELEINE AND 11123 08:46:49,001 --> 08:46:52,000 EVERYBODY ELSE LIKE HER. 11124 08:46:52,001 --> 08:46:53,000 VOTE TO INCREASE THE DEBT EVEN HIGHER. 11125 08:46:53,001 --> 08:46:57,000 VOTE TO INCREASE THE SIZE OF THE 11126 08:46:57,001 --> 08:47:02,000 FEDERAL GOVERNMENT. 11127 08:47:02,001 --> 08:47:04,000 VOTE TO UNDO PAYGO AGAIN. 11128 08:47:04,001 --> 08:47:06,000 CONTINUE DOING WHAT WE'RE DOING, 11129 08:47:06,001 --> 08:47:07,000 AND WHAT WE WILL SEE IS THE 11130 08:47:07,001 --> 08:47:08,000 AMERICAN PEOPLE ARE GOING TO 11131 08:47:08,001 --> 08:47:10,000 REJECT THAT. 11132 08:47:10,001 --> 08:47:12,000 THEY'RE REJECTING IT NOW. 11133 08:47:12,001 --> 08:47:13,000 AND IT'S GH TIME WE STARTED 11134 08:47:13,001 --> 08:47:14,000 LISTENING TO THE AMERICAN PEOPLE. 11135 08:47:14,001 --> 08:47:16,000 MR. PRESIDENT, I YIELD THE 11136 08:47:16,001 --> 08:47:17,000 FLOOR. 11137 08:47:17,001 --> 08:47:21,000 QUORUM. THE PRESIDING OFFICER: THE 11138 08:47:21,001 --> 08:49:49,000 CLERK WILL CALL THE ROLL. 11139 08:49:49,001 --> 08:49:50,000 QUORUM CALL: 11140 08:49:50,001 --> 08:49:52,000 MRS. HUTCHISON: MR. PRESIDENT? THE PRESIDING OFFICER: THE 11141 08:49:52,001 --> 08:49:54,000 SENATOR FROM FAIRFAX IS RECOGNIZED. 11142 08:49:54,001 --> 08:49:55,000 MRS. HUTCHISON: MR. PRESIDEN 11143 08:49:55,001 --> 08:49:56,000 QUORUM CALL BE THE PRESIDING OFCER: WITHOUT 11144 08:49:56,001 --> 08:49:58,000 OBJECTION. 11145 08:49:58,001 --> 08:49:59,000 IT IS SO ORDERED. 11146 08:49:59,001 --> 08:50:01,000 MRS. HUTCHISON: MR. PRESIDENT, 11147 08:50:01,001 --> 08:50:02,000 I'M GOING TO SPEAK AS IF IN 11148 08:50:02,001 --> 08:50:06,000 MORNING BUSINESS. 11149 08:50:06,001 --> 08:50:07,000 IS THAT THE STATE OF THE FLOOR 11150 08:50:07,001 --> 08:50:08,000 AT THIS POINT? 11151 08:50:08,001 --> 08:50:09,000 THE PRESIDING OFFICER: WITHOUT 11152 08:50:09,001 --> 08:50:10,000 OBJECTION -- WITHOUT OBJECTION, 11153 08:50:10,001 --> 08:50:12,000 SO ORDERED. 11154 08:50:12,001 --> 08:50:15,000 MRS. HUTCHISON: THANK YOU. 11155 08:50:15,001 --> 08:50:17,000 MR. PRESIDENT, I WANT TO TALK 11156 08:50:17,001 --> 08:50:19,000 ABOUT OBVIOUSLY THE OIL SPILL 11157 08:50:19,001 --> 08:50:24,000 THAT IS ABSORBING SO MUCH OF THE 11158 08:50:24,001 --> 08:50:25,000 TIME AND ATTENTION OF OUR WHOLE 11159 08:50:25,001 --> 08:50:28,000 COUNTRY, AND A MINOR POINT BUT 11160 08:50:28,001 --> 08:50:31,000 ONE THAT I THINK NEEDS TO BE 11161 08:50:31,001 --> 08:50:32,000 ADDRESSED RIGHT NOW AND THAT IS 11162 08:50:32,001 --> 08:50:36,000 THE JONES ACT. 11163 08:50:36,001 --> 08:50:38,000 THE JONES ACT WAS PUT IN PLACE 11164 08:50:38,001 --> 08:50:40,000 IN 1920 TO ENSURE THAT THE 11165 08:50:40,001 --> 08:50:43,000 UNITED STATES WAS ABLE TO 11166 08:50:43,001 --> 08:50:47,000 MAINTAIN A FLEET OF MERCHANT SHIPS. 11167 08:50:47,001 --> 08:50:50,000 SO IT WAS REALLY FOR PROTECTION 11168 08:50:50,001 --> 08:50:51,000 OF U.S.-FLAGGED CARRIERS AGAINST 11169 08:50:51,001 --> 08:50:55,000 COMPETITION FROM FOREIGN 11170 08:50:55,001 --> 08:50:57,000 CARRIE THAT MIGHT UNDERCUT OUR 11171 08:50:57,001 --> 08:50:58,000 ABILITY TO HAVE PROFITABLE 11172 08:50:58,001 --> 08:51:00,000 MERCHANT SHIPS. 11173 08:51:00,001 --> 08:51:02,000 THE JONES ACT IS CURRENTLY 11174 08:51:02,001 --> 08:51:05,000 PREVENTING RESOURCES, HOWEVER, 11175 08:51:05,001 --> 08:51:07,000 FROM BEING USED IN THE MASSIVE 11176 08:51:07,001 --> 08:51:09,000 CLEANUP IN THE GULF OF MEXICO. 11177 08:51:09,001 --> 08:51:12,000 THIS LEGISLATION THAHAS BEEN 11178 08:51:12,001 --> 08:51:15,000 ON THE BOOKS SINCE 1920 IS 11179 08:51:15,001 --> 08:51:16,000 HINDERING FOREIGN VESSELS FROM 11180 08:51:16,001 --> 08:51:18,000 ASSISTING GULF COMMUNITIES, AS 11181 08:51:18,001 --> 08:51:20,000 THEY WORK TO PREVENT OIL FROM 11182 08:51:20,001 --> 08:51:22,000 REACHING THEIR SHORES. 11183 08:51:22,001 --> 08:51:25,000 CURRENTLY, FOREIGN VESSELS NEED 11184 08:51:25,001 --> 08:51:27,000 TO OBTAIN A JONES ACT WAIVER 11185 08:51:27,001 --> 08:51:28,000 FROM THE FEDERAL GOVERNMENT IN 11186 08:51:28,001 --> 08:51:30,000 ORDER TO HELP WITH THE CLEANUP 11187 08:51:30,001 --> 08:51:32,000 EFFORTS. 11188 08:51:32,001 --> 08:51:33,000 FOR MANY OF THE VESSELS WISHING 11189 08:51:33,001 --> 08:51:36,000 TO RESPOND, THIS REQUEST NEEDS 11190 08:51:36,001 --> 08:51:37,000 TO BE REVIEWED BY THREE SEPARATE 11191 08:51:37,001 --> 08:51:41,000 AGENCIES: 11192 08:51:41,001 --> 08:51:43,000 THE COAST GUARD, THE MARITIME 11193 08:51:43,001 --> 08:51:44,000 ADMINISTRATION AND CUSTOMS AND 11194 08:51:44,001 --> 08:51:45,000 BORDER PROTECTION. 11195 08:51:45,001 --> 08:51:47,000 THAT IS THREE LAYERS OF 11196 08:51:47,001 --> 08:51:49,000 BUREAUCRACY WHEN TIME IS OF THE 11197 08:51:49,001 --> 08:51:51,000 ESSENCE. 11198 08:51:51,001 --> 08:51:55,000 DURING THIS CRISIS, WE NEED TO 11199 08:51:55,001 --> 08:51:57,000 CUT THROUGH THE RED TAIVMENT WE 11200 08:51:57,001 --> 08:51:59,000 MUST GET ALL TABLE ASSETS ON THE 11201 08:51:59,001 --> 08:52:01,000 SCENE AS QUICKLY AS POSSIBLE. 11202 08:52:01,001 --> 08:52:03,000 I THINK EVERYONE AGREES -- AND 11203 08:52:03,001 --> 08:52:05,000 OTHER COUNTRIES HAVE OFFERED 11204 08:52:05,001 --> 08:52:07,000 THEIR SERVICES; THEY'VE OFFERED 11205 08:52:07,001 --> 08:52:09,000 TO HELP. 11206 08:52:09,001 --> 08:52:13,000 THERE ARE EUROPEAN COUNTRIES 11207 08:52:13,001 --> 08:52:16,000 THAT ALSO DRILL IN THE OCEANS 11208 08:52:16,001 --> 08:52:19,000 AND WATERS ON THEIR SHORES, AND 11209 08:52:19,001 --> 08:52:21,000 THEY'VE OFFERED TO SEND SHIPS TO 11210 08:52:21,001 --> 08:52:23,000 HELP TO TRY TO ABSORB THE OIL 11211 08:52:23,001 --> 08:52:25,000 AND SKIM IT OFF. 11212 08:52:25,001 --> 08:52:27,000 THERE ARE VOLUNTEERS WAITING 11213 08:52:27,001 --> 08:52:28,000 WITH THE RIGHT EQUIPMENT, AND 11214 08:52:28,001 --> 08:52:30,000 THEY'RE WILLING TO COME TO OUR 11215 08:52:30,001 --> 08:52:32,000 AID. 11216 08:52:32,001 --> 08:52:34,000 WE SHOULD KNOW THAT WITH OIL 11217 08:52:34,001 --> 08:52:35,000 LEAKING FROM THE OCEAN'S FLOOR, 11218 08:52:35,001 --> 08:52:37,000 THE NATURAL RESOURCES OF THE 11219 08:52:37,001 --> 08:52:39,000 GULF ARE BEING DESTROYED AS WE 11220 08:52:39,001 --> 08:52:42,000 SPEAK. 11221 08:52:42,001 --> 08:52:43,000 WE NEED EVERY RESOURCE AT OUR 11222 08:52:43,001 --> 08:52:44,000 DISPOSAL TO PREVENT FURTHER 11223 08:52:44,001 --> 08:52:46,000 DESTRUCTION. 11224 08:52:46,001 --> 08:52:49,000 IN MY STATE OF TEXAS, I HAVE A 11225 08:52:49,001 --> 08:52:51,000 CONSTITUENT WHO WOULD LIKE TO 11226 08:52:51,001 --> 08:52:53,000 PROVIDE EQUIPMENT TO AID IN THE CLEANUP. 11227 08:52:53,001 --> 08:52:55,000 HIS SHIP HAS A FOREIGN FLAG, BUT 11228 08:52:55,001 --> 08:52:57,000 HE'S UNABLE TO HELP BECAUSE NO 11229 08:52:57,001 --> 08:52:58,000 WAIVER HAS BEEN ISSUED TO THE 11230 08:52:58,001 --> 08:53:00,000 JONES ACT IN THIS PARTICULAR 11231 08:53:00,001 --> 08:53:03,000 CRISIS. 11232 08:53:03,001 --> 08:53:05,000 THERE IS PRECEDENT FOR WAIVING 11233 08:53:05,001 --> 08:53:07,000 THE JONES ACT IN DISASTERS. 11234 08:53:07,001 --> 08:53:09,000 IT HAS BEEN WAIVED TO SPEED UP 11235 08:53:09,001 --> 08:53:11,000 DISASTER RESPOE IN THE PAST, 11236 08:53:11,001 --> 08:53:13,000 INCLUDING A WAIVER THAT WAS 11237 08:53:13,001 --> 08:53:15,000 ISSUED IN THE AFTERMATH OF HURRICANE KATRINA NEARLY FIVE 11238 08:53:15,001 --> 08:53:18,000 YEARS AGO. 11239 08:53:18,001 --> 08:53:20,000 IT WAS DONE BY THE EXECUTIVE, 11240 08:53:20,001 --> 08:53:22,000 WITH AN EXECUTIVE ORDER. 11241 08:53:22,001 --> 08:53:24,000 WITHOUT THIS KEY WAIVER, FOREIGN 11242 08:53:24,001 --> 08:53:25,000 VESSELS ARE PROHIBITED FROM 11243 08:53:25,001 --> 08:53:27,000 WORKING WITH THEIR AMERICAN 11244 08:53:27,001 --> 08:53:29,000 COUNTERPARTS TOKIM THE OIL 11245 08:53:29,001 --> 08:53:31,000 FROM THE WATERS OF THE GULF 11246 08:53:31,001 --> 08:53:33,000 WITHIN THREE MILES OF SHORE. 11247 08:53:33,001 --> 08:53:36,000 AND, OF COURSE, THAT IS WHERE WE 11248 08:53:36,001 --> 08:53:38,000 DESPERATELY NEED TO HAVE THE 11249 08:53:38,001 --> 08:53:40,000 MOST HELP, TO SKIM THE OIL 11250 08:53:40,001 --> 08:53:42,000 BEFORE IT REACHES AND DAMAGES 11251 08:53:42,001 --> 08:53:45,000 OUR SHORES. 11252 08:53:45,001 --> 08:53:46,000 THAT IS WHY NEXT WEEK I INTEND 11253 08:53:46,001 --> 08:53:49,000 TO INTRODUCE LEGISLATION THAT 11254 08:53:49,001 --> 08:53:54,000 WILL WAIVE THE JONES ACT FOR 11255 08:53:54,001 --> 08:53:55,000 VESSELS WHOSE SOLE INTENT IS TO 11256 08:53:55,001 --> 08:53:56,000 ASSIST IN THE CLEANUP OF THE 11257 08:53:56,001 --> 08:54:00,000 GULF OF MEXICO. 11258 08:54:00,001 --> 08:54:01,000 WE WILL ENSURE THAT THESE 11259 08:54:01,001 --> 08:54:03,000 FOREIGN SHIPS WILL WORK UNDER 11260 08:54:03,001 --> 08:54:05,000 AUSPICES OF THE COAST GUARD. 11261 08:54:05,001 --> 08:54:08,000 WE WILL MAKE SURE THAT THERE IS 11262 08:54:08,001 --> 08:54:10,000 A CLEARINGHOUSE FOR THEM BUT WE 11263 08:54:10,001 --> 08:54:13,000 THREE DIFFERENT FEDERAL AGENCIES 11264 08:54:13,001 --> 08:54:15,000 LOOK AT A JONES ACT WAIVER 11265 08:54:15,001 --> 08:54:17,000 REQUEST WHEN WE KNOW WHAT IS 11266 08:54:17,001 --> 08:54:20,000 HAPPENING IN THE GULF OF MEXICO. 11267 08:54:20,001 --> 08:54:21,000 WE SEE THE PICTURES EVERY DAY. 11268 08:54:21,001 --> 08:54:23,000 THIS WAIVER WOULD BE APPLIED FOR 11269 08:54:23,001 --> 08:54:26,000 A PERIOD OF TIME THAT IS 11270 08:54:26,001 --> 08:54:28,000 NECESSARY TO RESPOND TO THIS OIL 11271 08:54:28,001 --> 08:54:29,000 SPILL AND RESTORE THE WATERS OF 11272 08:54:29,001 --> 08:54:32,000 THE GULF OF MEXICO FOR THIS 11273 08:54:32,001 --> 08:54:33,000 EMERGENCY. 11274 08:54:33,001 --> 08:54:37,000 THE FEDERAL RESPONSE TO THIS 11275 08:54:37,001 --> 08:54:38,000 BILL HAS BEEN AITTLE SHORT OF 11276 08:54:38,001 --> 08:54:39,000 IMMEDIATE. 11277 08:54:39,001 --> 08:54:41,000 IT'SEEN A DAY LATE AND 11278 08:54:41,001 --> 08:54:44,000 DOLLAR SHORT, AND THAT IS NOT 11279 08:54:44,001 --> 08:54:46,000 ACCEPTABLE, AND IT IS TIME THAT 11280 08:54:46,001 --> 08:54:49,000 CORESS DOES WHAT WE CAN WITH 11281 08:54:49,001 --> 08:54:52,000 SOURCES THAT WE HAVE TO 11282 08:54:52,001 --> 08:54:55,000 URGE THE ADMINISTRATION TO ACT 11283 08:54:55,001 --> 08:54:58,000 WHILE IT CAN TO MITIGATE THE 11284 08:54:58,001 --> 08:55:00,000 DAMAGES THAT WE KNOW ARE ALREADY THERE. 11285 08:55:00,001 --> 08:55:02,000 IT IS TIME FOR US TO BE PROACTIVE. 11286 08:55:02,001 --> 08:55:04,000 IT I FIPPLE FOR US TO ACT. 11287 08:55:04,001 --> 08:55:05,000 -- IT IS TIME FOR US TO ACT. 11288 08:55:05,001 --> 08:55:06,000 SO I WILL LOOK FORWARD TO HAVING 11289 08:55:06,001 --> 08:55:08,000 COSPONSORS. 11290 08:55:08,001 --> 08:55:09,000 I AM IN THE PROCESS OF GETTING 11291 08:55:09,001 --> 08:55:11,000 THIS BILL IN ORDER NOW. 11292 08:55:11,001 --> 08:55:14,000 I WANT TO WORK WITH MY 11293 08:55:14,001 --> 08:55:16,000 COLLEAGUES ON BOTH SIDES OF THE 11294 08:55:16,001 --> 08:55:20,000 AISL. 11295 08:55:20,001 --> 08:55:21,000 OU STATES HAVE A 11296 08:55:21,001 --> 08:55:22,000 BIPARTISAN DELEGATION. 11297 08:55:22,001 --> 08:55:23,000 AND I WANT TO HELP DO EVERYTHING 11298 08:55:23,001 --> 08:55:24,000 POSSIBLE. 11299 08:55:24,001 --> 08:55:25,000 AND IF WE CAN WAIVE THE JONES 11300 08:55:25,001 --> 08:55:28,000 ACT FOR THIS DISASTER, WITH ALL 11301 08:55:28,001 --> 08:55:30,000 OF THE APPROPRIATE CAUTIONS THAT 11302 08:55:30,001 --> 08:55:33,000 ARE NECESSARY, AND GET THOSE 11303 08:55:33,001 --> 08:55:35,000 FOREIGN SHIPS THAT ARE READY TO 11304 08:55:35,001 --> 08:55:36,000 HELP OUR COUNTRY, THAT HAVE 11305 08:55:36,001 --> 08:55:38,000 OFFERED TO HELP OUR COUNTRY, TO 11306 08:55:38,001 --> 08:55:40,000 GET INTO THE THREE-MILE LIMIT 11307 08:55:40,001 --> 08:55:42,000 BEFORE THIS OIL DOES FURTHER 11308 08:55:42,001 --> 08:55:45,000 DAMAGE TO YOU ARE COAST AND TO 11309 08:55:45,001 --> 08:55:47,000 THE WILD WHRIEF AND THE NATURAL 11310 08:55:47,001 --> 08:55:48,000 RESOURCES ON OUR COAST, WE NEED 11311 08:55:48,001 --> 08:55:51,000 TO DO IT. 11312 08:55:51,001 --> 08:55:54,000 THIS IS SOMETHING THAT SHOULD 11313 08:55:54,001 --> 08:55:55,000 HAVE BEEN DONE WEEKS AGO. 11314 08:55:55,001 --> 08:55:57,000 IT WASN'T DONE, SO IT IS TIME 11315 08:55:57,001 --> 08:55:59,000 FOR CONGRESS TO STEP IN, AND I 11316 08:55:59,001 --> 08:56:03,000 HOPE MY COLLEAGUES WILL HELP US 11317 08:56:03,001 --> 08:56:05,000 MOVE THIS EXPEDITIOUSLY AND URGE 11318 08:56:05,001 --> 08:56:07,000 THE ADMINISTRION TO DO WHAT IS 11319 08:56:07,001 --> 08:56:08,000 WITHIN THEIR 11320 08:56:08,001 --> 08:56:11,000 CONGRESS ACTS. 11321 08:56:11,001 --> 08:56:13,000 THAT WOULD BE MY WISH, IF THE 11322 08:56:13,001 --> 08:56:15,000 PRESIDENT WOULD ISSUE AN 11323 08:56:15,001 --> 08:56:17,000 EXECUTIVE ORDER, THAT WOULD DO IT. 11324 08:56:17,001 --> 08:56:19,000 BUT SINCE HE HASN'T, AND SINCE 11325 08:56:19,001 --> 08:56:22,000 WEEKS HAVE PASSED, I THINK IT'S 11326 08:56:22,001 --> 08:56:23,000 TIME FOR CONGRESS TO TAKE THE 11327 08:56:23,001 --> 08:56:26,000 REINS AND TRY TO DO EVERYTHING 11328 08:56:26,001 --> 08:56:28,000 THAT IS WITHIN OUR POWER TO 11329 08:56:28,001 --> 08:56:30,000 MITIGATE THE DAMAGE TO THE GULF OF MEXICO. 11330 08:56:30,001 --> 08:56:31,000 THANK YOU, MR. PRESIDENT. 11331 08:56:31,001 --> 08:56:32,000 I'D YIELD THE FLOOR AND SUGGEST 11332 08:56:32,001 --> 08:56:37,000 THE ABSENCE OF A QUORUM. THE PRESIDING OFFICER: THE 11333 08:56:37,001 --> 08:59:15,000 CLERK WILL CALL THE ROLL. 11334 08:59:15,001 --> 09:14:27,000 QUORUM CALL: 11335 09:14:27,001 --> 09:28:52,000 QUORUM CALL: 11336 09:28:52,001 --> 09:52:01,000 QUORUM QUORUQUORUM CALL: 11337 09:52:01,001 --> 09:52:02,000 QUORUM CALL: 11338 09:52:02,001 --> 09:52:03,000 MR. REID: MR. PRESIDENT? 11339 09:52:03,001 --> 09:52:04,000 THE PRESIDING OFFICER: THE 11340 09:52:04,001 --> 09:52:05,000 MAJORITY LEADER IS 11341 09:52:05,001 --> 09:52:06,000 MR. REID: I ASK UNANIMOUS 11342 09:52:06,001 --> 09:52:07,000 CONSENT THE CALL OF THE QUORUM 11343 09:52:07,001 --> 09:52:08,000 BE TERMINATED. 11344 09:52:08,001 --> 09:52:13,000 THE PRESIDING OBJECTION, SO ORDERED. 11345 09:52:13,001 --> 09:52:15,000 MR. REID: I ASK -- TO H.R. 4213 11346 09:52:15,001 --> 09:52:17,000 WITH AMENDMENT NUMBERED 4369 11347 09:52:17,001 --> 09:52:19,000 OCCUR AT 7:30 P.M. THIS EVENING. 11348 09:52:19,001 --> 09:52:21,000 THE PRESIDING OFFICER: WITHOUT 11349 09:52:21,001 --> 09:56:17,000 OBJECTION, IT IS SO 11350 09:56:17,001 --> 09:56:18,000 ORDERED. 11351 09:56:18,001 --> 09:56:19,000 MR. BAUCUS: MR. PRESIDENT? MR. PRESIDENT? 11352 09:56:19,001 --> 09:56:20,000 THE PRES 11353 09:56:20,001 --> 09:56:21,000 SENATOR FROM MONTANA IS RECOGNIZED. 11354 09:56:21,001 --> 09:56:23,000 MR. BAUCUS: MR. PRESIDENT, I ASK 11355 09:56:23,001 --> 09:56:24,000 CONSENT THAT MY MOTION TO CONCUR 11356 09:56:24,001 --> 09:56:27,000 IN THE HOUSE AMENDMENT TO THE 11357 09:56:27,001 --> 09:56:31,000 SENATE AMENDMENTO H.R. 4213 11358 09:56:31,001 --> 09:56:32,000 WITH AN AMENDMENT BE MODIFIED 11359 09:56:32,001 --> 09:56:34,000 PROVIDED FOR TECHNICALHANGES 11360 09:56:34,001 --> 09:56:35,000 TO MY AMENDMENT WHICH ARE AT THE DESK. 11361 09:56:35,001 --> 09:56:36,000 THE PRESIDING OFFICER: IS THERE OBJECTION? 11362 09:56:36,001 --> 09:56:38,000 MR. McCOELL: MR. PRESIDENT, 11363 09:56:38,001 --> 09:56:39,000 I'M GOING TO HAVE TO OBJECT. 11364 09:56:39,001 --> 09:56:40,000 IT'S SIMPLY BECAUSE WE HAVEN'T 11365 09:56:40,001 --> 09:56:43,000 READ IT YET. 11366 09:56:43,001 --> 09:56:44,000 WE'RE GOING TO TAKE A LOOK AT IT 11367 09:56:44,001 --> 09:56:45,000 AND QUITE POSSIBLY AFTER 11368 09:56:45,001 --> 09:56:46,000 FIGURING OUT WHAT IT IS, WE 11369 09:56:46,001 --> 09:56:47,000 MIGHT NOT OBJECT. 11370 09:56:47,001 --> 09:56:48,000 BUT FOR THE MOMENT, I OBJECT. 11371 09:56:48,001 --> 09:56:49,000 MR 11372 09:56:49,001 --> 09:56:52,000 THE PRESIDING OFFICER: OBJECTION'S HEARD. 11373 09:56:52,001 --> 09:56:53,000 MR. BAUCUS: MR. PRESIDENT, I 11374 09:56:53,001 --> 09:56:54,000 RENEW THE REQUEST AND LET THE 11375 09:56:54,001 --> 09:56:55,000 LEADER RESERVE THE RIGHT TO 11376 09:56:55,001 --> 09:56:56,000 OBJECT AGAIN. 11377 09:56:56,001 --> 09:57:04,000 LET ME JUST SAY THAT THE 11378 09:57:04,001 --> 09:57:08,000 MODIFICATION IS TO PROVIDE THAT 11379 09:57:08,001 --> 09:57:10,000 CARRIED INTEREST, WHICH IS -- 11380 09:57:10,001 --> 09:57:11,000 THAT IS A PARTNERSHIP 11381 09:57:11,001 --> 09:57:12,000 INTEREST -- SO THAT THE 11382 09:57:12,001 --> 09:57:14,000 ENTERPRISE VALUE, THE GOODWILL 11383 09:57:14,001 --> 09:57:17,000 OF A PARTNERSHIP INTEREST WHICH 11384 09:57:17,001 --> 09:57:20,000 IS SOLD WILL BE VALUED AT 50% 11385 09:57:20,001 --> 09:57:25,000 CAP GAINS AND 50% ORDINARY INCOME. 11386 09:57:25,001 --> 09:57:28,000 THAT'S A PROVISION WHICH JELLY 11387 09:57:28,001 --> 09:57:32,000 AMONG TSE IN THE HEDGE 11388 09:57:32,001 --> 09:57:33,000 INDUSTRIES WERE WORRIED ABOUT 11389 09:57:33,001 --> 09:57:35,000 CARRYING, THAT WAS THE INTENT IN 11390 09:57:35,001 --> 09:57:36,000 THE UNDERLYING AMENDMENT. 11391 09:57:36,001 --> 09:57:38,000 UNFORTUNATELY WHEN THE AMENDMENT 11392 09:57:38,001 --> 09:57:40,000 WAS DRAFTED, THERE WAS A GLITCH 11393 09:57:40,001 --> 09:57:41,000 THAT DID NOT FULLY PROVIDE WHAT 11394 09:57:41,001 --> 09:57:42,000 I DESCRIBED. 11395 09:57:42,001 --> 09:57:44,000 IT IS MY FULL AMENDMENT IN THE SUBSTITUTE AMENDMENT TO PROVIDE 11396 09:57:44,001 --> 09:57:46,000 WHAT I JUST STATED; NAMELY, THAT 11397 09:57:46,001 --> 09:57:48,000 ON THE SALE -- THAT THE GOODWILL 11398 09:57:48,001 --> 09:57:50,000 VALUE, THE ENTERPRISE VALUE OF A 11399 09:57:50,001 --> 09:57:53,000 SALE OF A PARTNERSHIP INTEREST 11400 09:57:53,001 --> 09:57:54,000 BE VALUED AT 50% CAP GAIN AND 11401 09:57:54,001 --> 09:57:55,000 50% ORDINARY INCOME. 11402 09:57:55,001 --> 09:57:59,000 AND IT'S UNFORTUNATE THAT WE 11403 09:57:59,001 --> 09:58:01,000 WERE UNABLE TO MAKE THAT CHANGE. MR. McCONNELL: MR. PRE 11404 09:58:01,001 --> 09:58:03,000 I APPRECIATE THAT EXPLANATION. 11405 09:58:03,001 --> 09:58:05,000 WE WOULD STILL, AS THE CHAIRMAN 11406 09:58:05,001 --> 09:58:06,000 OF THE FINANCE COMMITTEE KNOWS, 11407 09:58:06,001 --> 09:58:26,000 NEED TO SEE THE ACTUAL AMENDMENT 11408 09:58:26,001 --> 09:58:27,000 AND WE'LL TAKE 11409 09:58:27,001 --> 09:58:30,000 THE PRESIDING OFFICER: THE CLERK 11410 09:58:30,001 --> 09:58:31,000 WILL REPORT THE MOTION TO INVOKE CLOTURE. 11411 09:58:31,001 --> 09:58:33,000 THE CLERK: CLOTURE MOTION. 11412 09:58:33,001 --> 09:58:34,000 WE, THE UNDERSIGNED SENATORS, IN 11413 09:58:34,001 --> 09:58:35,000 ACCORDANCE WITH THE PROVISIONS 11414 09:58:35,001 --> 09:58:38,000 OF RULE 22 OF THE STANDING RULES 11415 09:58:38,001 --> 09:58:39,000 OF THE SENATE HEREBY MOVE TO 11416 09:58:39,001 --> 09:58:41,000 BRING TO A CLOSE THE DEBATE ON 11417 09:58:41,001 --> 09:58:43,000 THE MOTION TO CONCUR IN THE 11418 09:58:43,001 --> 09:58:45,000 HOUSE AMENDMENT TO THE SENATE 11419 09:58:45,001 --> 09:58:46,000 AMENDMENT TO H.R. 4213, THE 11420 09:58:46,001 --> 09:58:47,000 AMERICAN WORKERS, STATE AND 11421 09:58:47,001 --> 09:58:48,000 BUSINESS RELIEF ACT OF 2010, 11422 09:58:48,001 --> 09:58:50,000 WITH THE BAUCUS AMENDMENT 11423 09:58:50,001 --> 09:58:53,000 NUMBERED 4369. 11424 09:58:53,001 --> 09:58:54,000 SIGNED BY 17 SENATORS. 11425 09:58:54,001 --> 09:58:57,000 THE PRESIDING OFFICER: BY 11426 09:58:57,001 --> 09:58:58,000 UNANIMOUS 11427 09:58:58,001 --> 09:59:00,000 QUORUM CALL HAS BEEN WAIVED. 11428 09:59:00,001 --> 09:59:02,000 THE QUESTION IS: IS IT THE SENSE 11429 09:59:02,001 --> 09:59:04,000 OF THE SENATE THAT THE DEBATE ON 11430 09:59:04,001 --> 09:59:06,000 THE MOTION TO CONCUR WITH THE 11431 09:59:06,001 --> 09:59:07,000 AMENDMENT NUMBER 4369 IN THE 11432 09:59:07,001 --> 09:59:12,000 HOUSE AMENDMENT TO THE SENATE 11433 09:59:12,001 --> 09:59:13,000 AMENDMENT TO H.R. 4213, THE 11434 09:59:13,001 --> 09:59:15,000 AMERICAN WORKERS AND STATE AND 11435 09:59:15,001 --> 09:59:17,000 BUSINESS RELIEF ACT OF 2010, 11436 09:59:17,001 --> 09:59:19,000 SHALL BE BROUGHT TO A CLOSE? 11437 09:59:19,001 --> 09:59:22,000 THE YEAS AND NAYS ARE MANDATORY 11438 09:59:22,001 --> 09:59:23,000 UNDER THE RULE. 11439 09:59:23,001 --> 09:59:34,000 AND THE CLERK WILL CALL THE 11440 09:59:34,001 --> 10:28:35,000 ROLL. 11441 10:28:35,001 --> 10:30:18,000 VOTE: 11442 10:30:18,001 --> 10:30:19,000 VOTE: 11443 10:30:19,001 --> 10:30:20,000 THE PRESIDING OFFICER: ARE THERE 11444 10:30:20,001 --> 10:30:23,000 ANY SENATOR WISHING TO VOTE OR 11445 10:30:23,001 --> 10:30:26,000 TO CHANGE THEIR VOTES? 11446 10:30:26,001 --> 10:30:28,000 ON THIS VOTE, THE YEAS ARE 56, 11447 10:30:28,001 --> 10:30:29,000 THE NAYS ARE 40. 11448 10:30:29,001 --> 10:30:32,000 THREE-FIFTHS OF THE SENATORS 11449 10:30:32,001 --> 10:30:33,000 DUAL THE CHOSEN AND VORN NOT 11450 10:30:33,001 --> 10:30:35,000 HAVING VOTED -- SWORN NOT HAVING 11451 10:30:35,001 --> 10:31:33,000 VOTE 11452 10:31:33,001 --> 10:31:34,000 MOTION IS NOT AGREED TO. 11453 10:31:34,001 --> 10:31:36,000 THE PRESIDIN 11454 10:31:36,001 --> 10:31:39,000 MAJORITY LEADER IS RECOGNIZED. 11455 10:31:39,001 --> 10:31:40,000 REID: I ASK UNANIMOUS CONSENT THE SENATE PROCEED TO 11456 10:31:40,001 --> 10:31:41,000 CALENDAR NUMBER -- THE PRESIDING OFFICER: THE 11457 10:31:41,001 --> 10:31:42,000 SENATE IS NOT IN ORDER. 11458 10:31:42,001 --> 10:31:43,000 THE MAJORITY LEADER. 11459 10:31:43,001 --> 10:31:44,000 MR. REID: I ASK CONSENT THE 11460 10:31:44,001 --> 10:31:48,000 SENATE PROCEED TO CALENDAR 11461 10:31:48,001 --> 10:31:50,000 NUMBER 210, H.R. 3962, THE BAUCUS SUBSTITUTE AMENDMENT, 11462 10:31:50,001 --> 10:31:51,000 WHH IS AT THE DESK, IT BE 11463 10:31:51,001 --> 10:31:52,000 CONSIDERED AGREED TO, THE BILL 11464 10:31:52,001 --> 10:31:55,000 AS AMENDED BE READ A THIRD TIME 11465 10:31:55,001 --> 10:31:56,000 AND PASSED, THE MOTION TO 11466 10:31:56,001 --> 10:31:57,000 RECONSIDER BE LAID ON THE TABLE, 11467 10:31:57,001 --> 10:31:58,000 THAT ANY STATEMENTS RELATING TO THIS MATTER APPEAR AT THE 11468 10:31:58,001 --> 10:31:59,000 APPROPRIATE PLACE IN THE RECORD 11469 10:31:59,001 --> 10:32:00,000 AS IF READ WITH NO FURTHER 11470 10:32:00,001 --> 10:32:01,000 INTERVENING ACTION OR DEBATE. 11471 10:32:01,001 --> 10:32:05,000 AND LET ME JUST SAY, 11472 10:32:05,001 --> 10:32:10,000 MR. PRESIDENT, WHAT THIS IS. 11473 10:32:10,001 --> 10:32:11,000 AS OF TUESDAY, THE DOCTORS' FIX, 11474 10:32:11,001 --> 10:32:14,000 THE REIMBURSEMENT FOR MEDICARE 11475 10:32:14,001 --> 10:32:19,000 PHYSICIANS, EXPIRED. 11476 10:32:19,001 --> 10:32:20,000 THE ADMINISTRATION WAS ABLE 11477 10:32:20,001 --> 10:32:22,000 THROUGH THE HEALTH AND HUMAN 11478 10:32:22,001 --> 10:32:23,000 SERVICES DEPARTMENT TO EXTEND 11479 10:32:23,001 --> 10:32:25,000 THAT FOR THREE DAYS. 11480 10:32:25,001 --> 10:32:27,000 IT'S -- IT RUNS OUT TODAY. 11481 10:32:27,001 --> 10:32:28,000 IT'S -- WELL, I THINK TOMORROW. 11482 10:32:28,001 --> 10:32:30,000 IT'S STILL GOOD UNTIL TOMORROW. 11483 10:32:30,001 --> 10:32:33,000 I WAS THINKING TODAY IS FRIDAY. 11484 10:32:33,001 --> 10:32:35,000 SO IF WE DON'T DO THIS, NOT ONLY 11485 10:32:35,001 --> 10:32:37,000 WERE PEOPLE WHO -- DOCTORS WHO 11486 10:32:37,001 --> 10:32:41,000 TAKE MEDICARE PATIENTS GET A 21% 11487 10:32:41,001 --> 10:32:42,000 CUT BUT IN ADDITION TO THAT, 11488 10:32:42,001 --> 10:32:44,000 OTHER REIMBURSEMENTS ARE BASED 11489 10:32:44,001 --> 10:32:51,000 UPON MEDICARE REIMBURSEMENTS. 11490 10:32:51,001 --> 10:32:53,000 VETERANS, INSURANCE COMPANIES, 11491 10:32:53,001 --> 10:32:54,000 H.M.O.'S, EVEN TRICARE, THE 11492 10:32:54,001 --> 10:32:56,000 MILITARY, MR. PRESIDENT. 11493 10:32:56,001 --> 10:32:57,000 SO IT WOULD BE A SHAME IF THIS 11494 10:32:57,001 --> 10:33:00,000 WEREN'T AGREED TO. 11495 10:33:00,001 --> 10:33:02,000 AND REMEMBER, IT'S PAID FOR. 11496 10:33:02,001 --> 10:33:03,000 IT'S NOT A QUESTION OF RUNNING 11497 10:33:03,001 --> 10:33:05,000 UP THE DEBT. 11498 10:33:05,001 --> 10:33:06,000 SO PEOPLE ARE GOING TO HAVE -- 11499 10:33:06,001 --> 10:33:08,000 THAT MY FRIENDS ON THE OTHER 11500 10:33:08,001 --> 10:33:10,000 SIDE OF THE AISLE HAVE THE 11501 10:33:10,001 --> 10:33:15,000 OPPORTUNITY TO TAKE CARE OF THE 11502 10:33:15,001 --> 10:33:17,000 DOCTORS FOR THE NEXT SIX MONTHS, FULLY PAID FOR. 11503 10:33:17,001 --> 10:33:18,000 IF NOT, THERE IS GOING TO BE 11504 10:33:18,001 --> 10:33:20,000 HAVOC IN AMERICA STARTING 11505 10:33:20,001 --> 10:33:21,000 TOMORROW. 11506 10:33:21,001 --> 10:33:25,000 THE PRESIDING OFFICER: THERE 11507 10:33:25,001 --> 10:33:27,000 OBJECTION? 11508 10:33:27,001 --> 10:33:28,000 MR. McCONNELL: MR. PRESIDENT, 11509 10:33:28,001 --> 10:33:30,000 RESERVING THE RIGHT TO OBJECT. 11510 10:33:30,001 --> 10:33:31,000 WE JUST GOT THIS A FEW MOMENTS AGO. 11511 10:33:31,001 --> 10:33:32,000 WE'RE GOING TO TAKE A LOOK AT 11512 10:33:32,001 --> 10:33:35,000 IT. 11513 10:33:35,001 --> 10:33:37,000 I THINK WE'RE ALL HOPING WE CAN 11514 10:33:37,001 --> 10:33:39,000 COME UP WITH A WAY TO DO THE DOC 11515 10:33:39,001 --> 10:33:41,000 FIX AND DO IT IN A PAID-FOR 11516 10:33:41,001 --> 10:33:42,000 FASHION, BUT FOR TODAY, I OBJECT. 11517 10:33:42,001 --> 10:33:44,000 THE PRESIDING OFFICER: OBJECTION 11518 10:33:44,001 --> 10:33:45,000 IS HEARD. 11519 10:33:45,001 --> 10:33:46,000 MR. REID: MR. PRESIDENT, I NOW 11520 10:33:46,001 --> 10:33:51,000 ASK UNANIMOUS CONSENT THE SENATE 11521 10:33:51,001 --> 10:33:53,000 PROCEED TO A BILL TO PROVIDE THE 11522 10:33:53,001 --> 10:33:54,000 EXTENSION OF UNEMPLOYMEN 11523 10:33:54,001 --> 10:33:55,000 INSURANCE PROVISIONS THAT ARE IN 11524 10:33:55,001 --> 10:33:59,000 THIS BILL THAT WE JUST HAD A 11525 10:33:59,001 --> 10:34:00,000 VOTE ON FOR AN EXTENSION OF UNEMPLOYMENT INSURANCE 11526 10:34:00,001 --> 10:34:01,000 PROVISIONS, THE BILL BE READ A 11527 10:34:01,001 --> 10:34:02,000 THIRD TIME AND PASSED, THE 11528 10:34:02,001 --> 10:34:03,000 MOTION TO RECONSIDER BE LAID ON 11529 10:34:03,001 --> 10:34:04,000 THE TABLE, ANY STATEMENTS 11530 10:34:04,001 --> 10:34:05,000 RELATING TO THIS MATTER APPEAR 11531 10:34:05,001 --> 10:34:07,000 AT THE APPROPRIATE PLACE IN THE 11532 10:34:07,001 --> 10:34:08,000 RECORD AS IF READ WITH NO 11533 10:34:08,001 --> 10:34:09,000 FURTHER INTERVENING ACTION OR 11534 10:34:09,001 --> 10:34:10,000 DEBATE. 11535 10:34:10,001 --> 10:34:12,000 I WOULDAY THIS, MR. PRESIDENT. 11536 10:34:12,001 --> 10:34:14,000 THIS IS EXTENDING UNEMPLOYMENT 11537 10:34:14,001 --> 10:34:18,000 BENEFITS FOR PEOPLE WHO'VE BEEN 11538 10:34:18,001 --> 10:34:21,000 OUT OF WORK A LONG, LONG TIME. 11539 10:34:21,001 --> 10:34:22,000 AS MARK ZANDY, JOHN McCAIN'S 11540 10:34:22,001 --> 10:34:23,000 CHIEF ECONOMIC ADVISOR SAID, 11541 10:34:23,001 --> 10:34:27,000 THERE'S NOTHING THAT STIMULATES 11542 10:34:27,001 --> 10:34:28,000 THE ECONOMY MORE THAN TO GIVE AN 11543 10:34:28,001 --> 10:34:29,000 UNEMPLOYMENT CHECK TO SOMEBODY 11544 10:34:29,001 --> 10:34:30,000 WHO'S BEEN UNEMPLOYED FOR A LONG PERIOD OF TIME. 11545 10:34:30,001 --> 10:34:31,000 THE PRESIDING OFFICER: IS THERE 11546 10:34:31,001 --> 10:34:33,000 OBJECTION? MR. McCONNELL: MR. PRESIDENT, 11547 10:34:33,001 --> 10:34:34,000 WE'RE STILL WORKING TOGETHER ON 11548 10:34:34,001 --> 10:34:36,000 A BIPARTISAN BASIS TO TRY TO 11549 10:34:36,001 --> 10:34:38,000 FIGURE OUT HOW TO GO FORWARD ON 11550 10:34:38,001 --> 10:34:39,000 ALL OF THESE ITEMS, BUT FOR THE 11551 10:34:39,001 --> 10:34:40,000 MOMENT, I OBJECT. 11552 10:34:40,001 --> 10:34:41,000 THE PRESIDING OFFICER: OBJECTION IS HEARD. 11553 10:34:41,001 --> 10:34:43,000 MR. REID: MR. PRESIDENT, I ASK 11554 10:34:43,001 --> 10:34:47,000 UNANIMOUS CONSENT THE SENATE 11555 10:34:47,001 --> 10:34:48,000 PROCEED TO THE BILL ABOUT -- THE 11556 10:34:48,001 --> 10:34:51,000 PROVISION IN THIS BILL THAT WE 11557 10:34:51,001 --> 10:34:52,000 JUST DEALT WITH TO EXTEND THE 11558 10:34:52,001 --> 10:34:55,000 TEMPORARY INCREASE OF THE 11559 10:34:55,001 --> 10:34:57,000 MEDICAID FMAP THROUGH JUNE 30, 11560 10:34:57,001 --> 10:34:58,000 2011, THE BILL BE READ A THIRD 11561 10:34:58,001 --> 10:34:59,000 TIME AND PASSED, THE MOTION TO 11562 10:34:59,001 --> 10:35:00,000 RECONSIDER BE LAID ON THE TABLE, 11563 10:35:00,001 --> 10:35:01,000 ANY STATEMENTS RELATING TO THIS 11564 10:35:01,001 --> 10:35:02,000 MATTER APPEAR AT THE APPROPRIATE 11565 10:35:02,001 --> 10:35:03,000 PLACE IN THE RECORD AS IF READ 11566 10:35:03,001 --> 10:35:04,000 WITH NO FURTHER 11567 10:35:04,001 --> 10:35:05,000 ACTION OR DEBATE. 11568 10:35:05,001 --> 10:35:06,000 THE PRESIDING OFFICER: IS THERE 11569 10:35:06,001 --> 10:35:08,000 OBJECTION? 11570 10:35:08,001 --> 10:35:09,000 MR. McCONNELL: MR. PRESIDENT, 11571 10:35:09,001 --> 10:35:10,000 AS WE ALL KNOW, THIS ISSUE IS 11572 10:35:10,001 --> 10:35:12,000 CURRENTLY COVERED THROUGH THE 11573 10:35:12,001 --> 10:35:14,000 END OF THIS CALENDAR YEAR AND 11574 10:35:14,001 --> 10:35:16,000 THIS IS A MATTER I THINK THAT 11575 10:35:16,001 --> 10:35:17,000 DOES NOT HAVE THE URGENCY AT THE 11576 10:35:17,001 --> 10:35:19,000 MOMENT THAT SOME OF THE OTHERS 11577 10:35:19,001 --> 10:35:21,000 ARGUABLY DO. 11578 10:35:21,001 --> 10:35:23,000 WE HAVE STILL SIX MONTHS TO 11579 10:35:23,001 --> 10:35:24,000 ADDRESS THIS ISSUE. 11580 10:35:24,001 --> 10:35:25,000 THEREFORE, FOR THE MOMENT, I 11581 10:35:25,001 --> 10:35:27,000 OBJECT. THE PRESIDING OFFICER: OBJECTION 11582 10:35:27,001 --> 10:35:28,000 MR. REID: MR. PRESIDENT, 11583 10:35:28,001 --> 10:35:30,000 ONE I HOPE THAT WE DON'T HAVE AN 11584 10:35:30,001 --> 10:35:32,000 OBJECTION TO. 11585 10:35:32,001 --> 10:35:33,000 IF THERE WERE EVER A BIPARTISAN 11586 10:35:33,001 --> 10:35:35,000 PIECE OF LEGISLATION, THIS IS 11587 10:35:35,001 --> 10:35:38,000 IT. 11588 10:35:38,001 --> 10:35:39,000 THIS IS LEGISLATION THAT WAS 11589 10:35:39,001 --> 10:35:41,000 ORIGINALLY DEVISED BY THE 11590 10:35:41,001 --> 10:35:42,000 SENATOR FROM GEORGIA, JOHNNY 11591 10:35:42,001 --> 10:35:45,000 ISAKSON. 11592 10:35:45,001 --> 10:35:48,000 IT HAS BEEN REALLY GOOD FOR THE 11593 10:35:48,001 --> 10:35:49,000 ECONOMY, THE FIRST TIME HOM 11594 10:35:49,001 --> 10:35:51,000 BUYERS TAX CREDIT. 11595 10:35:51,001 --> 10:35:52,000 AND RIGHT NOW, THERE'S HUNDREDS 11596 10:35:52,001 --> 10:35:55,000 OF THOUSANDS OF PEOPLE WHO HAVE 11597 10:35:55,001 --> 10:35:56,000 QUALIFIED FOR THIS FIRST-TIME 11598 10:35:56,001 --> 10:35:59,000 HOME BUYERS TAX CREDIT. 11599 10:35:59,001 --> 10:36:01,000 THE PROBLEM IS THAT THE BANKS 11600 10:36:01,001 --> 10:36:03,000 WHO ARE PROCESSING THE PAPER ARE 11601 10:36:03,001 --> 10:36:04,000 TAKING TOO LONG, AND IF WE DON'T 11602 10:36:04,001 --> 10:36:06,000 EXTEND THIS TIME, THEY WILL LOSE 11603 10:36:06,001 --> 10:36:07,000 THE OPPORTUNITY TO BUY A HOME 11604 10:36:07,001 --> 10:36:10,000 FOR THE FIRST TIME. 11605 10:36:10,001 --> 10:36:13,000 FULLY PAID FOR. 11606 10:36:13,001 --> 10:36:14,000 IT PASSED VERY LARGE MARGIN YESTERDAY. 11607 10:36:14,001 --> 10:36:16,000 WOULD SEEM AT LEAST WE SHOULD 11608 10:36:16,001 --> 10:36:18,000 BE ABLE TO GET THIS DONE TONIGHT 11609 10:36:18,001 --> 10:36:19,000 T. WOULD ALLOW THESE PAPERS TO GO FORWARD -- 11610 10:36:19,001 --> 10:36:24,000 IT WOULD ALLOW THESE PAPERS TO 11611 10:36:24,001 --> 10:36:25,000 FORWARD AND PROCESSED. 11612 10:36:25,001 --> 10:36:28,000 I CAN'T IMAGINE WHY ANYTHING AS 11613 10:36:28,001 --> 10:36:29,000 BIPARTISAN AS THIS SHOULDN'T GO 11614 10:36:29,001 --> 10:36:31,000 FORWARD. SO HERE I GO. 11615 10:36:31,001 --> 10:36:32,000 I ASK UNANIMOUS CONSENT THAT THE 11616 10:36:32,001 --> 10:36:34,000 FINANCE COMMITTEE BE DISCHARGED 11617 10:36:34,001 --> 10:36:35,000 FROM H.R. 494, THAT THE SENATE 11618 10:36:35,001 --> 10:36:36,000 PROCEED TO ITS CONSIDERATION, 11619 10:36:36,001 --> 10:36:37,000 AND THE AMENDMENT WE DEALT WITH 11620 10:36:37,001 --> 10:36:38,000 YESTERDAY, THE SO-CALLED REID 11621 10:36:38,001 --> 10:36:39,000 AMENDMENT, WHICH IS AT THE DESK 11622 10:36:39,001 --> 10:36:40,000 BE CONSIDERED AGREED TO, THE 11623 10:36:40,001 --> 10:36:41,000 BILL AS AMEND BE READ A THIRD 11624 10:36:41,001 --> 10:36:42,000 TIME AND PASSED, THE MOTION TO 11625 10:36:42,001 --> 10:36:43,000 RECONSIDER IS LAID UPON THE 11626 10:36:43,001 --> 10:36:44,000 TABLE, THAT ANY STATEMENTS 11627 10:36:44,001 --> 10:36:46,000 RELATING TO THIS MATTER APPEAR AT THE APPPRIATE PLACE IN THE 11628 10:36:46,001 --> 10:36:48,000 RECORD AS IF READ WITH NO 11629 10:36:48,001 --> 10:36:49,000 FURTHER INTERVENING OR DEBATE. 11630 10:36:49,001 --> 10:36:50,000 THE PRESIDING OFFICER: IS THERE 11631 10:36:50,001 --> 10:36:51,000 OBJECTION? 11632 10:36:51,001 --> 10:36:54,000 MR. McCONNELL: MR. PRESIDENT, 11633 10:36:54,001 --> 10:36:55,000 THE MAJORITY LEADER IS ENTIRELY 11634 10:36:55,001 --> 10:36:56,000 CORRECT, THAT THERE IS SUPPORT 11635 10:36:56,001 --> 10:36:58,000 ON BOTH SIDES FOR THETEP THAT 11636 10:36:58,001 --> 10:37:00,000 HE RECOMMENDS WE TAKE. 11637 10:37:00,001 --> 10:37:01,000 SENATOR ISAKSON HAS BEEN THE 11638 10:37:01,001 --> 10:37:02,000 LEADER ON THIS ISSUE ON OU 11639 10:37:02,001 --> 10:37:05,000 SIDE. 11640 10:37:05,001 --> 10:37:07,000 THERE IS, HOWEVER,NCREDIBLY 11641 10:37:07,001 --> 10:37:09,000 C.B.O. HAS DECIDED THIS COSTS 11642 10:37:09,001 --> 10:37:10,000 MONEY, WHICH NO ONE CAN QUI 11643 10:37:10,001 --> 10:37:12,000 UNDERSTAND, AND SO THERE'S STILL 11644 10:37:12,001 --> 10:37:15,000 A DISAGREEMENT OVER HOW TO PAY 11645 10:37:15,001 --> 10:37:16,000 FOR IT. 11646 10:37:16,001 --> 10:37:17,000 THERE'S AN AGREEMENT ON THE 11647 10:37:17,001 --> 10:37:21,000 RESULT BUT A DISAGREEMENT ON HOW 11648 10:37:21,001 --> 10:37:22,000 TO PAY FOR IT SINCE C.B.O. HAS 11649 10:37:22,001 --> 10:37:23,000 DECREED THAT IT WILL ACTUALLY 11650 10:37:23,001 --> 10:37:24,000 COST THE GOVERNMENT MONEY. 11651 10:37:24,001 --> 10:37:26,000 SO WE'RE GOING TO HAVE TO 11652 10:37:26,001 --> 10:37:27,000 CONTINUE TO WORK ON THIS AND, 11653 10:37:27,001 --> 10:37:28,000 THEREFORE, FOR THE MOMENT, I OBJECT. 11654 10:37:28,001 --> 10:37:31,000 THE PRESIDING OFFICER: OBJECTION 11655 10:37:31,001 --> 10:37:32,000 IS HEARD. 11656 10:37:32,001 --> 10:37:33,000 MR. McCONNELL: MR. PRESIDENT, 11657 10:37:33,001 --> 10:37:34,000 WITH RESPECT TO SOME OF THE 11658 10:37:34,001 --> 10:37:36,000 PREVIOUS CONSENTS, AMERICANS ARE 11659 10:37:36,001 --> 10:37:37,000 FRUSTRATED WITH THE AMOUNT OF 11660 10:37:37,001 --> 10:37:38,000 SPENDING AND BORROWING THAT 11661 10:37:38,001 --> 10:37:39,000 WE'RE DOING AROUND HERE. 11662 10:37:39,001 --> 10:37:41,000 WE HAVE AN OPPORTUNITY TO SHOW 11663 10:37:41,001 --> 10:37:43,000 THE AMERICAN PEOPLE THAT WE CAN 11664 10:37:43,001 --> 10:37:44,000 BE FISCALLY RESPONSIBLE AND PAY 11665 10:37:44,001 --> 10:37:46,000 FOR LEGISLATION BY CUTTING 11666 10:37:46,001 --> 10:37:47,000 SPENDING ELSEWHERE. 11667 10:37:47,001 --> 10:37:48,000 EARLIER TODAY, WE VOTED FOR A 11668 10:37:48,001 --> 10:37:52,000 BILL THAT WOULD HAVE CUT THE 11669 10:37:52,001 --> 10:37:55,000 DEFICIT BY ALMOST \$70 BILLION. 11670 10:37:55,001 --> 10:37:56,000 LET'S NOT WAVE ON THROUGH 11671 10:37:56,001 --> 10:37:58,000 LEGISLATION -- WAIVE ON THROUGH 11672 10:37:58,001 --> 10:37:59,000 LEGISLATION THAT IS GOING TO 11673 10:37:59,001 --> 10:38:00,000 WORSEN THE DEFICIT AND DIG AN 11674 10:38:00,001 --> 10:38:01,000 EVEN DEEPER HOLE THAN WE 11675 10:38:01,001 --> 10:38:03,000 CURRENTLY IN. 11676 10:38:03,001 --> 10:38:04,000 AMERICANS WANT US TO SHOW WE'RE 11677 10:38:04,001 --> 10:38:05,000 SERIOUS ABOUT LOWERING, ACTUALLY 11678 10:38:05,001 --> 10:38:06,000 LOWERING THE DEBT. 11679 10:38:06,001 --> 10:38:09,000 THEREFORE, I HAVE A CONSENT TO 11680 10:38:09,001 --> 10:38:10,000 EXTEND ALL OF THESE EXPIRING 11681 10:38:10,001 --> 10:38:12,000 PROVISIONS INCLUDING 11682 10:38:12,001 --> 10:38:14,000 UNEMPLOYMENT INSURANCE AND THE 11683 10:38:14,001 --> 10:38:15,000 DOC FIX AND I'M GOING TO PROPOSE 11684 10:38:15,001 --> 10:38:17,000 THAT CONSENT NOW. 11685 10:38:17,001 --> 10:38:18,000 I ASK UNANIMOUS CONSENT THAT THE 11686 10:38:18,001 --> 10:38:21,000 SENATE NOW PROCEED TO THE 11687 10:38:21,001 --> 10:38:23,000 CONSIDERATION OF CALENDAR 411, 11688 10:38:23,001 --> 10:38:25,000 S. 3421. 11689 10:38:25,001 --> 10:38:28,000 , THAT THE BILL BE READ A 11690 10:38:28,001 --> 10:38:29,000 THIRD TIME AND PASSED AND THE 11691 10:38:29,001 --> 10:38:30,000 MOTION TO RECONSIDER BE LAID ON 11692 10:38:30,001 --> 10:38:31,000 THE TABLE. 11693 10:38:31,001 --> 10:38:33,000 BEFORE THE CHAIR RULES, FOR 11694 10:38:33,001 --> 10:38:34,000 CLAIRTD, THIS IS A PAID--- FOR 11695 10:38:34,001 --> 10:38:35,000 CLARITY, THIS IS A PAID-FOR 11696 10:38:35,001 --> 10:38:37,000 30-DAY EXTENSION OF THE 11697 10:38:37,001 --> 10:38:38,000 EXTENDERS BILL, WHICH INCLUDES 11698 10:38:38,001 --> 10:38:42,000 UNEMPLOYMENT INSURANCE, THE DOC 11699 10:38:42,001 --> 10:38:43,000 FIX, COBRA, FLOOD INSURANCE, AND 11700 10:38:43,001 --> 10:38:46,000 THE EXTENSION OF THE SMALL 11701 10:38:46,001 --> 10:38:49,000 BUSINESS LOAN GUARANTEE PROGRAM 11702 10:38:49,001 --> 10:38:50,000 AND THE 2009 FEDERAL POVERTY GUIDELINES. 11703 10:38:50,001 --> 10:38:51,000 THE PRESIDING OFFICER: IS THERE OBJECTION? 11704 10:38:51,001 --> 10:38:52,000 MR. REID: MR. PRESIDENT, 11705 10:38:52,001 --> 10:38:53,000 RESERVING THE RIGHT TO OBJECT. 11706 10:38:53,001 --> 10:39:00,000 I SAY THROUGH THE CHAIR TO MY 11707 10:39:00,001 --> 10:39:01,000 FRIEND, HOW IS IT PAID FOR? 11708 10:39:01,001 --> 10:39:03,000 MR. McCONNELL: WITH STIMULUS MONEY. 11709 10:39:03,001 --> 10:39:05,000 MR. REID: YEAH, MR. PRESIDENT, 11710 10:39:05,001 --> 10:39:06,000 THAT WHAT I THOUGHT. 11711 10:39:06,001 --> 10:39:07,000 WE -- WE HAVE -- FIRST OF ALL, 11712 10:39:07,001 --> 10:39:09,000 THE MONEY'S NOT THERE. 11713 10:39:09,001 --> 10:39:13,000 IT'S BEEN OBLIGATED. 11714 10:39:13,001 --> 10:39:15,000 I WOULD ALSO SAY THIS. 11715 10:39:15,001 --> 10:39:17,000 THE ECONOMIC RECOVERY MONEY, THE 11716 10:39:17,001 --> 10:39:18,000 STIMULUS MONEY, HAS CREATED 11717 10:39:18,001 --> 10:39:19,000 MILLIONS OF JOBS IN AMERICA 11718 10:39:19,001 --> 10:39:20,000 TODAY. 11719 10:39:20,001 --> 10:39:22,000 AT LEAST 3 MILLION. 11720 10:39:22,001 --> 10:39:23,000 BUT THE BEST BANG FOR THE BUCK 11721 10:39:23,001 --> 10:39:24,000 IS GOING TO COME IN THE NEXT 11722 10:39:24,001 --> 10:39:26,000 QUARTER OF THIS YEAR. 11723 10:39:26,001 --> 10:39:28,000 THAT'S WHATLL THE ECONOMISTS SAY. 11724 10:39:28,001 --> 10:39:29,000 IT'S TAKEN AWHILE TO GET THIS -- 11725 10:39:29,001 --> 10:39:30,000 THESE PROGRAMS UP AND RUNNING. 11726 10:39:30,001 --> 10:39:32,000 THEY'RE RUNNING NOW. 11727 10:39:32,001 --> 10:39:33,000 THIS WOULD BE TAKING GOOD MONEY 11728 10:39:33,001 --> 10:39:34,000 THAT'S GOING TO CREATE LOTS AND 11729 10:39:34,001 --> 10:39:36,000 TS OF JOBS. 11730 10:39:36,001 --> 10:39:37,000 WE ARE ALL AWARE OF THE DEFICIT. 11731 10:39:37,001 --> 10:39:39,000 WE'RE ALL AWARE OF THAT. 11732 10:39:39,001 --> 10:39:43,000 WE UNDERSTAND WHERE IT CE FROM. 11733 10:39:43,001 --> 10:39:45,000 WE UNDERSTAND THAT PRESIDENT 11734 10:39:45,001 --> 10:39:47,000 OBAMA FOUND HIMSELF ELECTED 11735 10:39:47,001 --> 10:39:49,000 PRESIDENT IN A HUGE HOLE CREATED 11736 10:39:49,001 --> 10:39:50,000 BY SOMEONE WHO WAS PRESIDENT 11737 10:39:50,001 --> 10:39:51,000 BEFORE HIM. 11738 10:39:51,001 --> 10:39:53,000 AND WE -- THAT'S THE REASON WE 11739 10:39:53,001 --> 10:39:56,000 PASSED THE RECOVERY BILL. 11740 10:39:56,001 --> 10:39:57,000 AND IT WOULDN'T BE RIGHT, WITH 11741 10:39:57,001 --> 10:40:00,000 THE COUNTRY STILL STRUGGLING TO 11742 10:40:00,001 --> 10:40:02,000 GAIN ITS ECONOMIC VIABILITY, TO 11743 10:40:02,001 --> 10:40:04,000 CUT THE LEGS OUT FROM UNDER THIS 11744 10:40:04,001 --> 10:40:07,000 PROGRAM WHICH HAS WORKED SO WELL 11745 10:40:07,001 --> 10:40:08,000 WELL. 11746 10:40:08,001 --> 10:40:09,000 SO I THINK THAT THIS IS THE 11747 10:40:09,001 --> 10:40:12,000 WRONG WAY TO GO. 11748 10:40:12,001 --> 10:40:15,000 I THINK IT'S TOO BAD THAT WE'RE 11749 10:40:15,001 --> 10:40:16,000 TRYING TO TAKE GOOD MONEY AND 11750 10:40:16,001 --> 10:40:17,000 ABUSE IT. 11751 10:40:17,001 --> 10:40:18,000 SO I OBJECT. 11752 10:40:18,001 --> 10:40:46,000 THE PRESIDING OFFICER: OBJECTION 11753 10:40:46,001 --> 10:40:48,000 IS HEARD. 11754 10:40:48,001 --> 10:40:50,000 MR. BARRASSO: MR. PRESIDENT? THE PRESIDING OFFICER: THE 11755 10:40:50,001 --> 10:40:52,000 SENATOR FROM WYOMING IS RECOGNIZED. 11756 10:40:52,001 --> 10:40:53,000 MR. BARRASSO: THANK YOU, MR. PRESIDENT. 11757 10:40:53,001 --> 10:40:55,000 MR. PRESIDENT, I ASK UNANIMOUS CONSENT THAT THE PENDING 11758 10:40:55,001 --> 10:40:56,000 BUSINESS BE SET ASIDE AND I BE 11759 10:40:56,001 --> 10:40:58,000 ALLOWED TO CALL UP MY AMENDMENT 11760 10:40:58,001 --> 10:40:59,000 NUMBER 4313. 11761 10:40:59,001 --> 10:41:00,000 IT'S AT THE DESK. 11762 10:41:00,001 --> 10:41:03,000 THE PRESIDING OFFICER: IS THERE OBJECTION? 11763 10:41:03,001 --> 10:41:04,000 MR. BAUCUS: MR. PRESIDENT, I 11764 10:41:04,001 --> 10:41:07,000 OBJECT. THE PRESIDING OFFICER: OBJECTION 11765 10:41:07,001 --> 10:41:09,000 IS HEARD. 11766 10:41:09,001 --> 10:41:10,000 I SUGGEST THE ABSENCE OF A QUORUM. 11767 10:41:10,001 --> 10:41:16,000 THE PRESIDING OFFICER: THE CLERK 11768 10:41:16,001 --> 10:41:19,000 WILL CALL THE ROLL. 11769 10:41:19,001 --> 10:41:20,000 MR. REID: I ASK CONSENT -- IS THAT APPROVED? 11770 10:41:20,001 --> 10:41:21,000 THE PRESIDING OFFICER: THE 11771 10:41:21,001 --> 10:41:22,000 SENATOR FROM WYOMING STILL HAS 11772 10:41:22,001 --> 10:41:23,000 THE FLOOR. 11773 10:41:23,001 --> 10:41:24,000 THE SENATOR FROM WYOMING. 11774 10:41:24,001 --> 10:41:25,000 MR. BARRASSO: THANK YOU, MR. PRESIDEN 11775 10:41:25,001 --> 10:41:27,000 MR. PRESIDENT, I'M TRYING TO GET 11776 10:41:27,001 --> 10:41:29,000 MY AMENDMENT 4313ENDING SO 11777 10:41:29,001 --> 10:41:30,000 THAT WE CAN HAVE AN UP-AND-DOWN VOTE. 11778 10:41:30,001 --> 10:41:31,000 IT'S UNFORTUNATE THAT THIS HAS 11779 10:41:31,001 --> 10:41:33,000 BEEN BLOCKED. 11780 10:41:33,001 --> 10:41:37,000 THIS AMENDMENT FIXES FLAWS IN 11781 10:41:37,001 --> 10:41:38,000 THE COBEL v. SALAZAR SETTLEMENT. 11782 10:41:38,001 --> 10:41:39,000 IT'S A SETTLEMENT IMPORTANT TO 11783 10:41:39,001 --> 10:41:40,000 INDIAN COUNTRY. 11784 10:41:40,001 --> 10:41:42,000 THESE FIXES ARE GOING TO BENEFIT 11785 10:41:42,001 --> 10:41:43,000 THOUSANDS OF CLASS MEMBERS 11786 10:41:43,001 --> 10:41:46,000 INVOLVED IN THIS SUIT. 11787 10:41:46,001 --> 10:41:48,000 CONGRESS HAS A RESPONSIBILITY WHEN THEY KNOW LEGISLATION IS 11788 10:41:48,001 --> 10:41:50,000 BROKEN TO FIX IT. 11789 10:41:50,001 --> 10:41:52,000 THE COBEL SETTLEMENT LEGISLATION IS NO DIFFERENT. 11790 10:41:52,001 --> 10:41:53,000 I'LL CONTINUE TO RAISE THIS 11791 10:41:53,001 --> 10:41:55,000 ISSUE AS LONG AS THE DEBATE ON 11792 10:41:55,001 --> 10:41:56,000 THIS BILL IS OCCURRING. 11793 10:41:56,001 --> 10:41:58,000 THANK YOU, MR. PRESIDENT. 11794 10:41:58,001 --> 10:41:59,000 I YIELD THE FLOOR. MR. REID: I ASK UNANIMOUS 11795 10:41:59,001 --> 10:42:01,000 CONSENT THAT WE GO INTO A PERIOD 11796 10:42:01,001 --> 10:42:03,000 OF MORNING BUSINESS, SENATORS ALLOWED TO SPEAK THEREIN FOR UP 11797 10:42:03,001 --> 10:42:04,000 TO TEN MINUTES EACH. THE PRESIDING OFFICER: WITHOUT 11798 10:42:04,001 --> 10:42:06,000 OBJECTION. 11799 10:42:06,001 --> 10:42:07,000 MR. REID: NOTE QUORUM. 11800 10:42:07,001 --> 10:42:14,000 THE PRESIDING OFFICER: THE CLERK 11801 10:42:14,001 --> 10:44:12,000 WILL CALL THE ROLL. 11802 10:44:12,001 --> 10:47:48,000 QUORUM CALL: 11803 10:47:48,001 --> 10:47:49,000 QUORUM CALL: 11804 10:47:49,001 --> 10:47:52,000 THE PRESIDING 11805 10:47:52,001 --> 10:47:54,000 SENATOR FROM OHIO IS RECOGNIZED. 11806 10:47:54,001 --> 10:47:55,000 MR. BROWN: I ASK TO DISPENSE 11807 10:47:55,001 --> 10:47:56,000 WITH THE QUORUM CALL. THE PRESIDING OFFICER: WITHOUT 11808 10:47:56,001 --> 10:47:58,000 OBJECTION, SO ORDERED. 11809 10:47:58,001 --> 10:48:01,000 MR. BROWN: MR. PRESIDENT, I RISE 11810 10:48:01,001 --> 10:48:04,000 TODAY TO HONOR THE LEGACY OF 11811 10:48:04,001 --> 10:48:07,000 DR. ROBERT SMITH, CO-FOUNDER OF 11812 10:48:07,001 --> 10:48:10,000 ALCOHOLICS AMOM MUSS WHICH IS 11813 10:48:10,001 --> 10:48:11,000 CELEBRATING ITS 75th 11814 10:48:11,001 --> 10:48:12,000 ANNIVERSARY. 11815 10:48:12,001 --> 10:48:14,000 DR. SMITH COMMONLY REFERRED TO 11816 10:48:14,001 --> 10:48:16,000 AS DR. BOB WAS A PROMINENT 11817 10:48:16,001 --> 10:48:19,000 SURGEON IN MY STATE IN AKRON 11818 10:48:19,001 --> 10:48:20,000 WHEN A FRIEND TO THE GOODWE'RE 11819 10:48:20,001 --> 10:48:25,000 FORTUNE INTRODUCED HIM TO NEW 11820 10:48:25,001 --> 10:48:27,000 YORKER BILL WILSON 11821 10:48:27,001 --> 10:48:29,000 DR. BOB AND BILL WILSON'S 11822 10:48:29,001 --> 10:48:32,000 DISCUSSION THAT YEAR ON MOTHER'S 11823 10:48:32,001 --> 10:48:34,000 Y IN GATE LODGE ON THE GROUND 11824 10:48:34,001 --> 10:48:38,000 OF THE STAN HEWITT ESTATE LAID 11825 10:48:38,001 --> 10:48:41,000 OUT THE FRAMEWORK FOR 11826 10:48:41,001 --> 10:48:42,000 ALCOHOLIC'S ANONYMOUS, DR. BOB 11827 10:48:42,001 --> 10:48:46,000 AND BILL WILSON RECOGNIZED THE 11828 10:48:46,001 --> 10:48:50,000 NEED TO OFFER DIGNIFIED HEALING 11829 10:48:50,001 --> 10:48:51,000 AND SEW BRIGHTY FOR ALL -- 11830 10:48:51,001 --> 10:48:52,000 SOBRIETY FOR ALL PEOPLE WHO 11831 10:48:52,001 --> 10:48:59,000 SUFFER FROM ALCOHOLISM. 11832 10:48:59,001 --> 10:49:01,000 WHAT STARTED OUT AS AN INFORMAL 11833 10:49:01,001 --> 10:49:04,000 CONVERSATION LED TO 11834 10:49:04,001 --> 10:49:05,000 CONVERSATIONS AT DR. BOB'S HOME. 11835 10:49:05,001 --> 10:49:08,000 DR. BOB AND ANN OPENED THEIR 11836 10:49:08,001 --> 10:49:09,000 HOME TO THOSE SEEKING SEW 11837 10:49:09,001 --> 10:49:12,000 BRIGHTY AND THE UNDERSTANDING 11838 10:49:12,001 --> 10:49:13,000 THAT DR. BOB AND BILL W. WE 11839 10:49:13,001 --> 10:49:18,000 REFINING. 11840 10:49:18,001 --> 10:49:21,000 AS ONE OF AKRON'S PREMIER 11841 10:49:21,001 --> 10:49:23,000 PHYSICIANS AT THE AKRON CITY 11842 10:49:23,001 --> 10:49:25,000 HOSPITAL, DR. BOB UNDERSTOOD 11843 10:49:25,001 --> 10:49:28,000 THAT PREVAILING MEDICAL 11844 10:49:28,001 --> 10:49:31,000 TREATMENT WAS INADEQUATE IN 11845 10:49:31,001 --> 10:49:32,000 TREATING A DISEASE THAT DID NOT 11846 10:49:32,001 --> 10:49:33,000 DISCRIMINATE AMONG AGE WEALTH OR 11847 10:49:33,001 --> 10:49:36,000 SOCIAL STANDING. 11848 10:49:36,001 --> 10:49:38,000 IT WAS A TIME WHEN ALCOHOLISM 11849 10:49:38,001 --> 10:49:39,000 WAS NOT UNDERSTOOD AS A DISEASE. 11850 10:49:39,001 --> 10:49:41,000 THOSE SEEKING TREATMENT WERE NOT 11851 10:49:41,001 --> 10:49:44,000 ADMITTED TO HOVMENT DR. BOB AND 11852 10:49:44,001 --> 10:49:46,000 BILL UNDERSTOOD THAT THE 11853 10:49:46,001 --> 10:49:50,000 ALCOHOLIC NEEDED THE HELP OF THE 11854 10:49:50,001 --> 10:49:52,000 ANGEL OF ALCOHOLIC ANONYMOUS IN 11855 10:49:52,001 --> 10:49:54,000 ST. THOMAS HOSPITAL. 11856 10:49:54,001 --> 10:49:56,000 DR. BOB TOOK TO BRINGING 11857 10:49:56,001 --> 10:49:59,000 ALCOHOLICS FROM THE BACK 11858 10:49:59,001 --> 10:50:02,000 ENTRANCE OF THE HOSPITAL UP TO ROOMS. 11859 10:50:02,001 --> 10:50:04,000 THE 11860 10:50:04,001 --> 10:50:05,000 ARE THEY SICK? 11861 10:50:05,001 --> 10:50:06,000 DR. BOB WOULD RESPOND, VERY 11862 10:50:06,001 --> 10:50:09,000 SICK. 11863 10:50:09,001 --> 10:50:10,000 THE SISTER REPLIED, THEN THEY 11864 10:50:10,001 --> 10:50:12,000 SHALL COME TO THE FRONT DOOR. 11865 10:50:12,001 --> 10:50:14,000 A VERY DIFFERENT TREATMENT OF 11866 10:50:14,001 --> 10:50:16,000 ALCOHOLISM THAN EVER BEFORE. 11867 10:50:16,001 --> 10:50:19,000 THE SISTER 11868 10:50:19,001 --> 10:50:20,000 FILLED THE VOID OF LACK OF 11869 10:50:20,001 --> 10:50:21,000 FORMAL TREATMENT OF THOSE 11870 10:50:21,001 --> 10:50:23,000 BATTLING ALCOHOLISM. 11871 10:50:23,001 --> 10:50:25,000 IT HELPED TO FILL THE GAP OF THE 11872 10:50:25,001 --> 10:50:26,000 LACK OF PUBLIC AND MEDICAL 11873 10:50:26,001 --> 10:50:30,000 UNDERSTANDING OF THAT DISEASE. 11874 10:50:30,001 --> 10:50:33,000 THEREIN LIES THE ROOT OF THE 11875 10:50:33,001 --> 10:50:36,000 MODERN ALCOHOLIC ANONYMOUS, 11876 10:50:36,001 --> 10:50:39,000 WHERE ST. THOMAS REMAINS AN 11877 10:50:39,001 --> 10:50:40,000 INSTITUTION COMMITTED TO 11878 10:50:40,001 --> 10:50:42,000 OFFERING HEALTH SERVICE FOR 11879 10:50:42,001 --> 10:50:46,000 THOSE AFFLICT WITH ALCOHOLISM. 11880 10:50:46,001 --> 10:50:52,000 SINCE THOSE EARLY DAYS, DR. BOB 11881 10:50:52,001 --> 10:50:55,000 AND SISTER EGNASHIA, ALCOHOL IS 11882 10:50:55,001 --> 10:50:57,000 A DISEASE THAT IS NEVER FULLY 11883 10:50:57,001 --> 10:50:59,000 CURED, BUT MANAGED WITH 11884 10:50:59,001 --> 10:51:00,000 SELF-DETERMINATION AND FAMILY 11885 10:51:00,001 --> 10:51:02,000 AND COMMUNITY SUPPORT. 11886 10:51:02,001 --> 10:51:04,000 THEY HAD A SENSE OF URGENCY 11887 10:51:04,001 --> 10:51:05,000 WHERE THE COMMON REFRAIN FOR 11888 10:51:05,001 --> 10:51:08,000 THOSE WHO LIVED THE DISEASE IS 11889 10:51:08,001 --> 10:51:10,000 TO LIVE ONE DAY AT A TIME. 11890 10:51:10,001 --> 10:51:12,000 IT'S THAT SENSE OF URGENCY FOUND 11891 10:51:12,001 --> 10:51:13,000 THE SISTER SAYING, TIME IS 11892 10:51:13,001 --> 10:51:15,000 RUNNING OUT AND I MUST WORK 11893 10:51:15,001 --> 10:51:16,000 WHILE I CAN.y 11894 10:51:16,001 --> 10:51:17,000 TIME IS RUNNING OUT AND I MUST 11895 10:51:17,001 --> 10:51:19,000 WORK WHILE I CAN. 11896 10:51:19,001 --> 10:51:21,000 EARLIER THIS WEEK, THE PEOPLE OF 11897 10:51:21,001 --> 10:51:23,000 AKRON GATHERED AT ST. THOMAS 11898 10:51:23,001 --> 10:51:25,000 HOSPITAL TO RENAME OLIVE STREET 11899 10:51:25,001 --> 10:51:27,000 DR. BOB'S WAY TO RECOGNIZE HIS 11900 10:51:27,001 --> 10:51:29,000 CONTRIBUTION TO OUR NATION'S HISTORY. 11901 10:51:29,001 --> 10:51:31,000 AND EARLIER THIS MON, 11902 10:51:31,001 --> 10:51:32,000 THSANDS OF SUPPORTERS OF A.A., 11903 10:51:32,001 --> 10:51:33,000 ALCOHOLICS AND 11904 10:51:33,001 --> 10:51:35,000 FROM ACROSS THE NATION, TRAVELED 11905 10:51:35,001 --> 10:51:37,000 TO ACK RAN FOR FOUNDER'S DAY 11906 10:51:37,001 --> 10:51:39,000 WHICH CELEBRATES THE LEGACY OF 11907 10:51:39,001 --> 10:51:41,000 DR. BOB AND CENTER IGNACIA. 11908 10:51:41,001 --> 10:51:42,000 MANY VISITORS TRAVELED TO STAN 11909 10:51:42,001 --> 10:51:46,000 HEWITT HALL WHERE THEY WALKE 11910 10:51:46,001 --> 10:51:48,000 WALKING PAST 11911 10:51:48,001 --> 10:51:49,000 WHERE A.A. MEETINGS CONTINUE TO 11912 10:51:49,001 --> 10:51:51,000 THIS DAY. 11913 10:51:51,001 --> 10:51:54,000 FROM THAT SINGLE CONVERSATION 11914 10:51:54,001 --> 10:51:55,000 GATE LODGE TO DR. BOB AND ANNE'S 11915 10:51:55,001 --> 10:51:56,000 HOME ON A REASONABLE DOUBTMORE 11916 10:51:56,001 --> 10:51:59,000 AVENUE TO ST. THOMAS AVENUE -- 11917 10:51:59,001 --> 10:52:00,000 TO ST. THOMAS HOSPITAL TO OLIVE 11918 10:52:00,001 --> 10:52:03,000 AVENUE, THE A.A. HASURNED INTO 11919 10:52:03,001 --> 10:52:04,000 ONE OF THE MOST UNIFIED 11920 10:52:04,001 --> 10:52:06,000 DIVERSE ORGANIZATIONS IN THE WORLD. 11921 10:52:06,001 --> 10:52:08,000 SINCE ITS EARLY DAYS, A.A. 11922 10:52:08,001 --> 10:52:09,000 OPENED ITS DOORS IN SERVICES TO 11923 10:52:09,001 --> 10:52:11,000 ALL THOSE WHO SEEK IT, 11924 10:52:11,001 --> 10:52:13,000 REGARDLESS OF GENDER, OR AGE, 11925 10:52:13,001 --> 10:52:16,000 REGARD WAS 11926 10:52:16,001 --> 10:52:17,000 REGARDLESS OF SEX 11927 10:52:17,001 --> 10:52:20,000 -- SEXUAL ORIENTATION. 11928 10:52:20,001 --> 10:52:22,000 FULLY SELF-FUNDED, PROMINENT 11929 10:52:22,001 --> 10:52:24,000 STATESMEN AND JUDGES HAVE SAT 11930 10:52:24,001 --> 10:52:26,000 ALONGSIDE PAUPERS AND PEASANTS, 11931 10:52:26,001 --> 10:52:28,000 EACH SEEKING A SHARED EXPERIENCE, EACH SEEKING THE 11932 10:52:28,001 --> 10:52:31,000 SUPPORT OF EACH OTHER. 11933 10:52:31,001 --> 10:52:32,000 TODAY 117,000 GROUPS TOTALING 11934 10:52:32,001 --> 10:52:35,000 MORE THAN 2 MILLION MEMBERS LIVE 11935 10:52:35,001 --> 10:52:37,000 IN MORE THAN 150 COUNTRIES AND 11936 10:52:37,001 --> 10:52:39,000 ARE WORKING WITH THEM AND BEING 11937 10:52:39,001 --> 10:52:41,000 HELPED BY A.A. 11938 10:52:41,001 --> 10:52:42,000 IT ALL STARTED IN AKRON. 11939 10:52:42,001 --> 10:52:44,000 OHIO'S OFTEN BEEN AN EPICENTER 11940 10:52:44,001 --> 10:52:47,000 OF OUR NATION'S HISTORY, HOME OF 11941 10:52:47,001 --> 10:52:48,000 MORE PRESIDENTS THAN ANYONE, 11942 10:52:48,001 --> 10:52:50,000 POETS, INVENTORS, PIONEERS. 11943 10:52:50,001 --> 10:52:52,000 FIRST IN LIGHT, FIRST IN FLIGHT, 11944 10:52:52,001 --> 10:52:54,000 THOMAS EDISON, THE WRIGHT 11945 10:52:54,001 --> 10:52:55,000 BROTHERS, SO MUCH ELSE. 11946 10:52:55,001 --> 10:52:56,000 WHO ARE ALSO PART OF OUR NATION 11947 10:52:56,001 --> 10:52:58,000 AND OUR NATION AND OUR WORLD'S 11948 10:52:58,001 --> 10:52:59,000 BASIC HUMANITY. 11949 10:52:59,001 --> 10:53:00,000 THROUGH THE GREAT DEPRESSION AND 11950 10:53:00,001 --> 10:53:02,000 WARS IN THE PACIFIC AND VIETNAM 11951 10:53:02,001 --> 10:53:03,000 AND KOREA AND IRAQ AND 11952 10:53:03,001 --> 10:53:04,000 AFGHANISTAN, A.A.'S BEEN A 11953 10:53:04,001 --> 10:53:06,000 SOURCE OF STRENGTH FOR SERVICE 11954 10:53:06,001 --> 10:53:11,000 MEMBERS AND VETERANS. 11955 10:53:11,001 --> 10:53:12,000 ACROSS BORDERS DETROID DEVOID OF 11956 10:53:12,001 --> 10:53:13,000 RELIGIOUS AFFILIATION, A.A. HAS 11957 10:53:13,001 --> 10:53:15,000 BEEN A FAITH FOR ONE'S SELF, 11958 10:53:15,001 --> 10:53:16,000 WHETHER A FACTOR WORKER ORIFICE, 11959 10:53:16,001 --> 10:53:18,000 PARENTS, EDUCATORS, ALL ALIKE. 11960 10:53:18,001 --> 10:53:21,000 AND REGARDLESS OF ONE STATION 11961 10:53:21,001 --> 10:53:23,000 IN LIFE, A.A.'S BEEN A SOURCE OF 11962 10:53:23,001 --> 10:53:25,000 RESILIENCY, DEMONSTRATED THE 11963 10:53:25,001 --> 10:53:27,000 CAPACITY FOR ALL OF US TO SEE 11964 10:53:27,001 --> 10:53:30,000 THE BETTER AND STRONGER ANGELS 11965 10:53:30,001 --> 10:53:31,000 WITHIN OURSELVES AND WITHIN -- 11966 10:53:31,001 --> 10:53:33,000 AND INSIDE OTHERS TO. 11967 10:53:33,001 --> 10:53:35,000 ST. THOMAS HOSPITAL, NOW PART OF 11968 10:53:35,001 --> 10:53:40,000 SUMA HEALTH IN THE CITY OF AKRON, CONGRATULATIONS FOR 11969 10:53:40,001 --> 10:53:41,000 CARRYING ON DR. BOB AND CENTER 11970 10:53:41,001 --> 10:53:42,000 IGNACIA'S LEGACY FOR 75 YEARS 11971 10:53:42,001 --> 10:53:43,000 AND MORE IMPORTANTLY, 11972 10:53:43,001 --> 10:53:45,000 CONGRATULATIONS TO THE MEMBERS 11973 10:53:45,001 --> 10:53:47,000 AND SUPPORTERS OF A.A. AND THEIR 11974 10:53:47,001 --> 10:53:48,000 FAMILY MEMBERS, THANKING THEM 11975 10:53:48,001 --> 10:53:49,000 FOR THEIR SERVICES TO OUR 11976 10:53:49,001 --> 10:53:50,000 FAMILIES, 11977 10:53:50,001 --> 10:53:54,000 OUR NATION AND TO A GREATER 11978 10:53:54,001 --> 10:53:57,000 HUMANITY FOR ALL OF US. 11979 10:53:57,001 --> 10:53:59,000 MR. PRESIDENT, I ASK CONSENT TO 11980 10:53:59,001 --> 10:54:01,000 PLACE MY FOLLOWING REMAR 11981 10:54:01,001 --> 10:54:05,000 DIFFERENT PLACE IN THE RECORD. THE PRESIDING OFFICER: WITHOUT 11982 10:54:05,001 --> 10:54:07,000 MR. BROWN: MR. PRESIDENT. 11983 10:54:07,001 --> 10:54:08,000 I NT TO TALK ABOUT SOMETHING 11984 10:54:08,001 --> 10:54:09,000 ELSE. 11985 10:54:09,001 --> 10:54:10,000 I -- I SAT HERE, AS DID THE 11986 10:54:10,001 --> 10:54:11,000 PRESIDING OFFICER, FROM 11987 10:54:11,001 --> 10:54:14,000 ILLINOIS, WHO WAS A STRONG 11988 10:54:14,001 --> 10:54:16,000 SUPPORTER OF PASSING THIS 11989 10:54:16,001 --> 10:54:18,000 LEGISLATION THAT AGAIN FAILED 11990 10:54:18,001 --> 10:54:19,000 BECAUSE OF THE SENATE'S 11991 10:54:19,001 --> 10:54:22,000 ANACHRONISTIC, OUTMODED 11992 10:54:22,001 --> 10:54:23,000 REQUIREMENT OF 60 VOTES, A 11993 10:54:23,001 --> 10:54:25,000 SUPERMAJORITY. 11994 10:54:25,001 --> 10:54:28,000 WE COULDN'T GET THERE BECAUSE NO 11995 10:54:28,001 --> 10:54:31,000 REPUBLICANS -- NO REPUBLICANS -- COOPERATED. 11996 10:54:31,001 --> 10:54:33,000 WE COULDN'T DO TODAY WHAT WE 11997 10:54:33,001 --> 10:54:35,000 SHOULD DO AND THAT IS EXTEND 11998 10:54:35,001 --> 10:54:37,000 UNEMPLOYMENT BENEFITS TO 11999 10:54:37,001 --> 10:54:38,000 MILLIONS OF OHIOANS AND TENS OF 12000 10:54:38,001 --> 10:54:40,000 THOUSANDS OF OHIOANS, MILLIONS 12001 10:54:40,001 --> 10:54:42,000 OF AMERICANS. 12002 10:54:42,001 --> 10:54:44,000 WE COULDN'T EXTEND THE 12003 10:54:44,001 --> 10:54:45,000 ASSISTANCE TO KEEP YOUR 12004 10:54:45,001 --> 10:54:47,000 INSURANCE BY -- WHICH SENATOR 12005 10:54:47,001 --> 10:54:48,000 CASEY HAS WORKED SO HARD ON WITH 12006 10:54:48,001 --> 10:54:50,000 SOMETHING CALLED COBRA SO PEOPLE 12007 10:54:50,001 --> 10:54:52,000 WHO LOST THEIR JOBS WOULD NOT 12008 10:54:52,001 --> 10:54:53,000 LOSE THEIR INSURANCE. 12009 10:54:53,001 --> 10:54:55,000 WE COULDN'T HELP THOSE 12010 10:54:55,001 --> 10:54:57,000 PHYSICIANS WHO ARE ABOUT TO FACE 12011 10:54:57,001 --> 10:55:00,000 A 21% CUT IN THEIR PAYMENTS. 12012 10:55:00,001 --> 10:55:02,000 WE COULDN'T STOP THE OUTSOURCING 12013 10:55:02,001 --> 10:55:04,000 OF -- THROUGH OUR TAX SYSTEM OF 12014 10:55:04,001 --> 10:55:05,000 TOO MANY JOBS ABROAD. 12015 10:55:05,001 --> 10:55:06,000 WE COULDN'T DO ANY OF THAT TODAY 12016 10:55:06,001 --> 10:55:07,000 BECAUSE WE DIDN'T GET ANY 12017 10:55:07,001 --> 10:55:09,000 COOPERATION. 12018 10:55:09,001 --> 10:55:10,000 AND YOU KNOW, I UNDERSTAND PARTISANSHIP. 12019 10:55:10,001 --> 10:55:11,000 I UNDERSTAND IDEOLOGICAL 12020 10:55:11,001 --> 10:55:13,000 DIFFERENCES. 12021 10:55:13,001 --> 10:55:15,000 BUT WHAT I DON'T UNDERSTAND, 12022 10:55:15,001 --> 10:55:18,000 MR. PRESIDENT, IS WHEN I HEAR REPUBLICAN AFTER REPUBLICAN 12023 10:55:18,001 --> 10:55:20,000 STAND ON THIS FLOOR AND TALK 12024 10:55:20,001 --> 10:55:21,000 ABOUT THE BUDGET DEFICIT. 12025 10:55:21,001 --> 10:55:23,000 I -- I'M JUST STRUCK, AND I'M 12026 10:55:23,001 --> 10:55:24,000 STRUCK BY THE FACT THAT I'VE 12027 10:55:24,001 --> 10:55:26,000 ONLY BEEN IN THIS INSTITUTION 12028 10:55:26,001 --> 10:55:27,000 FOR THREE YEARS, IN THE SENATE. 12029 10:55:27,001 --> 10:55:28,000 I WAS IN THE HOUSE OF 12030 10:55:28,001 --> 10:55:30,000 REPRESENTATIVES FOR 16 BEFORE 12031 10:55:30,001 --> 10:55:31,000 THAT. 12032 10:55:31,001 --> 10:55:34,000 14 BEFORE THAT, EXCUSE ME. 12033 10:55:34,001 --> 10:55:36,000 AND I -- I WAS STRUCK BY THE 12034 10:55:36,001 --> 10:55:38,000 UTTER HYPOCRISY WHEN I HEAR 12035 10:55:38,001 --> 10:55:39,000 REPUBLICANS ALL OF A SUDDEN 12036 10:55:39,001 --> 10:55:40,000 DECIDE THAT DEFICITS MATTER, ALL 12037 10:55:40,001 --> 10:55:42,000 OF A SUDDEN DECIDE THAT 12038 10:55:42,001 --> 10:55:43,000 EVERYTHING NEEDS TO BE PAID FOR. 12039 10:55:43,001 --> 10:55:46,000 WHEN I WORKED DOWN THE HALL WHEN I WAS IN THE HOUSE OF 12040 10:55:46,001 --> 10:55:47,000 REPRESENTATIVES, REPUBLICANS, 12041 10:55:47,001 --> 10:55:49,000 GEORGE BUSH CAME TO THIS 12042 10:55:49,001 --> 10:55:50,000 CONGRE 12043 10:55:50,001 --> 10:55:52,000 TO -- ASKED FOR THE AUTHORITY T 12044 10:55:52,001 --> 10:55:54,000 GO TO IRAQ AND DIDN'T EVEN TRY 12045 10:55:54,001 --> 10:55:56,000 TO PAY FOR IT. 12046 10:55:56,001 --> 10:55:58,000 I VOTED NO BUT THAT'S BESIDE THE POINT. IT PASSED. 12047 10:55:58,001 --> 10:55:59,000 IT WASN'T PAID 12048 10:55:59,001 --> 10:56:01,000 THEN PRESIDENT BUSH CAME TO THE 12049 10:56:01,001 --> 10:56:03,000 CONGRESS AGAIN WITH A REPUBLICAN 12050 10:56:03,001 --> 10:56:05,000 MAJORITY AND ASKED FOR HUGE TAX 12051 10:56:05,001 --> 10:56:06,000 CUTS THAT OVERWHELMINGLY WENT TO 12052 10:56:06,001 --> 10:56:08,000 THE RICHEST AMERICANS. 12053 10:56:08,001 --> 10:56:10,000 DIDN'T PAY FOR THAT 12054 10:56:10,001 --> 10:56:11,000 CHARGED THAT T GRANDCHILDREN. 12055 10:56:11,001 --> 10:56:13,000 THEN AROUND THE SAME TIME IN THE 12056 10:56:13,001 --> 10:56:14,000 NAME OF MEDICARE -- NOT EVEN IN 12057 10:56:14,001 --> 10:56:16,000 THE NAME OF MEDICARE 12058 10:56:16,001 --> 10:56:17,000 PRIVATIZATION, HE ASKED FOR WHAT 12059 10:56:17,001 --> 10:56:18,000 HE CALLED A MEDICARE DRUG 12060 10:56:18,001 --> 10:56:20,000 BENEFIT, WHAT I CALLED A BAILOUT 12061 10:56:20,001 --> 10:56:21,000 FOR THE DRUG AND INSURANCE 12062 10:56:21,001 --> 10:56:22,000 INDUSTRY, TENS OF BILLIONS OF 12063 10:56:22,001 --> 10:56:23,000 DOLLARS IN SUBSIDIES. 12064 10:56:23,001 --> 10:56:25,000 TENS OF BILLIONS OF DOLLARS OF 12065 10:56:25,001 --> 10:56:28,000 SUBSIDIES TO THE DRUG COMPANIES, INSURANCE COMPANIES DIDN'T PAY 12066 10:56:28,001 --> 10:56:29,000 SO -- SO THROUGHOUT THE -- 12067 10:56:29,001 --> 10:56:32,000 THROUGHOUT THE FIRST DECADE OF 12068 10:56:32,001 --> 10:56:33,000 THIS -- OF THIS MILLENNIUM, OF 12069 10:56:33,001 --> 10:56:35,000 THIS 12070 10:56:35,001 --> 10:56:36,000 DECADE, CONGRESS PASSED -- HAS 12071 10:56:36,001 --> 10:56:40,000 SPENT CLOSE TO A TRILLION 12072 10:56:40,001 --> 10:56:41,000 DOLLARS ON WARS IN IRAQ AND 12073 10:56:41,001 --> 10:56:44,000 AFGHANISTAN, DIDN'T PAY FOR IT, 12074 10:56:44,001 --> 10:56:46,000 NOBODY ON THAT SIDE SAID, WAIT A 12075 10:56:46,001 --> 10:56:47,000 SECOND, WE MAY NOT DO THIS 12076 10:56:47,001 --> 10:56:49,000 WITHOUT PAYING FOR IT. 12077 10:56:49,001 --> 10:56:51,000 THEN CONGRESSASSED HUNDRED HUNDREDS OF 12078 10:56:51,001 --> 10:56:53,000 BILLIONS OF DOLLARS IN TAX CUTS 12079 10:56:53,001 --> 10:56:54,000 FOR THE RICH E AMERICANS. 12080 10:56:54,001 --> 10:56:55,000 DIDN'T PAY FOR THAT. 12081 10:56:55,001 --> 10:56:56,000 DIDN'T SAY WE CAN'T DO THAT 12082 10:56:56,001 --> 10:56:57,000 UNLESS WE PAY FOR IT. 12083 10:56:57,001 --> 10:56:58,000 THEN DID 12084 10:56:58,001 --> 10:56:59,000 THIS GIVEAWAY TO THE DRUG AND 12085 10:56:59,001 --> 10:57:00,000 INSURANCE COMPANIES. 12086 10:57:00,001 --> 10:57:02,000 BUT NOW, MR. PRESIDENT, NOW WHEN 12087 10:57:02,001 --> 10:57:03,000 WE WANT TO EXTEND UNEMPLOYMENT 12088 10:57:03,001 --> 10:57:05,000 BENEFITS TO PEOPLE WHO'VE LOST 12089 10:57:05,001 --> 10:57:07,000 THEIR JOBS, WHEN WE WANT TO 12090 10:57:07,001 --> 10:57:08,000 EXTEND SOME HELP -- ASSISTANCE 12091 10:57:08,001 --> 10:57:11,000 FOR HEALTH INSURANCE TO PEOPLE 12092 10:57:11,001 --> 10:57:12,000 WHO HAVE LOST THEIR HEALTH 12093 10:57:12,001 --> 10:57:13,000 INSURANCE, ALL OF A SUDDEN ALL 12094 10:57:13,001 --> 10:57:14,000 THESE CONSERVATIVES AROUND HERE 12095 10:57:14,001 --> 10:57:16,000 SAY, WE CAN'T DO THIS UNLESS WE 12096 10:57:16,001 --> 10:57:18,000 PAY FOR IT. 12097 10:57:18,001 --> 10:57:19,000 THEN THEIR LITTLE CHEERLEADERS 12098 10:57:19,001 --> 10:57:21,000 IN THE WALL STREET EDITORIAL 12099 10:57:21,001 --> 10:57:23,000 BOARD AND ALL THEIR TALK RADIO 12100 10:57:23,001 --> 10:57:24,000 AND ALL THEIR PEOPLE ON FOX TV, 12101 10:57:24,001 --> 10:57:25,000 LIKE ONE BIRD FLYING OFF A 12102 10:57:25,001 --> 10:57:27,000 TELEPHONE WIRE, THEY ALL FLY OFF 12103 10:57:27,001 --> 10:57:28,000 A TELEPHONE WIRE AND THEY ALL 12104 10:57:28,001 --> 10:57:29,000 TALK ABOUT WE'VE GOT TO PAY FOR 12105 10:57:29,001 --> 10:57:30,000 THIS, WE'VE GOT TO PAY FOR THIS. 12106 10:57:30,001 --> 10:57:32,000 BUT THEY NEVER SAID WE SHOULD 12107 10:57:32,001 --> 10:57:33,000 PAY FOR A TRILLION-DOLLAR WAR. 12108 10:57:33,001 --> 10:57:35,000 THEY NEVER SAID WE SHOULD PAY 12109 10:57:35,001 --> 10:57:36,000 FOR THESE HUGE TAX CUTS TO GO TO 12110 10:57:36,001 --> 10:57:38,000 THE RICH PEOPLE. 12111 10:57:38,001 --> 10:57:40,000 THEY 12112 10:57:40,001 --> 10:57:42,000 FOR THESE SUBSIDIES TO THE DRUG COMPANIES. 12113 10:57:42,001 --> 10:57:45,000 SO WE START A WAR, WE ATTACK 12114 10:57:45,001 --> 10:57:46,000 IRAQ, WE GO TO AFGHANISTAN AND 12115 10:57:46,001 --> 10:57:47,000 WE CHAE IT TO OUR 12116 10:57:47,001 --> 10:57:48,000 GRANDC 12117 10:57:48,001 --> 10:57:49,000 WE GIVE A TAX CUT TO THE RICHEST 12118 10:57:49,001 --> 10:57:52,000 AMERICANS AND WE CHARGE IT TO 12119 10:57:52,001 --> 10:57:53,000 OUR G 12120 10:57:53,001 --> 10:57:54,000 WE -- WE PASS THIS GIVEAWAY TO 12121 10:57:54,001 --> 10:57:56,000 TH DRUG INSURANCE COMPANIES AND 12122 10:57:56,001 --> 10:57:57,000 WE CHARGE IT TO OUR GRANDCHI 12123 10:57:57,001 --> 10:58:00,000 BUT AGAIN, MR. PRESIDENT, WHEN 12124 10:58:00,001 --> 10:58:01,000 IT'S TIME TO HELP LAID-OFF 12125 10:58:01,001 --> 10:58:03,000 WORKERS -- AND YOU KNOW WHAT 12126 10:58:03,001 --> 10:58:05,000 HAPPENS WHEN A WORKER'S LAID OFF. 12127 10:58:05,001 --> 10:58:06,000 THEY ALMOST ACT LIKE 12128 10:58:06,001 --> 10:58:08,000 UNEMPLOYMENT INSURANCE IS A WELFARE PROGRAM. 12129 10:58:08,001 --> 10:58:12,000 YOU KNOW, I -- I -- ALL I CAN 12130 10:58:12,001 --> 10:58:13,000 THINK OF WHEN I SEE THE BEHAVIOR 12131 10:58:13,001 --> 10:58:15,000 ON REFUSAL TO EXTEND 12132 10:58:15,001 --> 10:58:17,000 UNEMPLOYMENT INSURANCE OR THE 12133 10:58:17,001 --> 10:58:18,000 REFUSAL TO HELP PEOPLE GET 12134 10:58:18,001 --> 10:58:20,000 HEALTH INSURANCE WHEN THEY'VE 12135 10:58:20,001 --> 10:58:21,000 LOST THEIR JOBS, ALL I CAN THINK 12136 10:58:21,001 --> 10:58:22,000 OF IS MOST OF MY FRIENDS ON THE 12137 10:58:22,001 --> 10:58:25,000 OTHER SIDE OF THE AISLE, MOST OF 12138 10:58:25,001 --> 10:58:26,000 MY COLLEAGUES MUST NOT KNOW 12139 10:58:26,001 --> 10:58:27,000 ANYBODY THAT'S LOST THEIR JOB. 12140 10:58:27,001 --> 10:58:28,000 THEY MUST NOT KNOW ANYBODY 12141 10:58:28,001 --> 10:58:30,000 THAT'S LOST THEIR INSURANCE. 12142 10:58:30,001 --> 10:58:32,000 THEY MUST NOT KNOW ANYBODY THAT 12143 10:58:32,001 --> 10:58:34,000 BECAUSE THEIR LOST THEIR JOB A 12144 10:58:34,001 --> 10:58:35,000 THEY LOST THEIR INSURANCE MAY 12145 10:58:35,001 --> 10:58:37,000 NEXT LOSE THEIR HOME. 12146 10:58:37,001 --> 10:58:38,000 MINE, TRY TO THINK ABOUT THIS. 12147 10:58:38,001 --> 10:58:39,000 I KNOW PEOPLE T 12148 10:58:39,001 --> 10:58:40,000 THEIR HOMES. 12149 10:58:40,001 --> 10:58:42,000 I KNOW PEOPLE THAT WERE DOING 12150 10:58:42,001 --> 10:58:43,000 PRETTY WELL THAT LOST THEIR 12151 10:58:43,001 --> 10:58:44,000 HOMES. 12152 10:58:44,001 --> 10:58:46,000 AND I'VE TRIED TO -- I'VE TRIED 12153 10:58:46,001 --> 10:58:48,000 TO UNDERSTAND WHAT IT'S LIKE. 12154 10:58:48,001 --> 10:58:49,000 YOU COME HOME ONE DAY AND FOR 12155 10:58:49,001 --> 10:58:52,000 THE LAST THREE OR FOUR MONTHS 12156 10:58:52,001 --> 10:58:53,000 YOU'VE TRIED TO MAKE YOUR 12157 10:58:53,001 --> 10:58:55,000 MORTGAGE PAYMENT AND YOU'VE BEEN 12158 10:58:55,001 --> 10:58:59,000 LATE THE FIRST MONTH, THEN -- 12159 10:58:59,001 --> 10:59:03,000 THEN YOU 12160 10:59:03,001 --> 10:59:04,000 IN TIME, THE MENTIO NEXT MONTH YOU LATE 12161 10:59:04,001 --> 10:59:05,000 AND THEN YOU COULDN'T PAY AND 12162 10:59:05,001 --> 10:59:08,000 THEN THE BANK COMES AND TELLS 12163 10:59:08,001 --> 10:59:11,000 YO THEY'RE GOING TO FORECLOSE ON YOUR HOME. 12164 10:59:11,001 --> 10:59:13,000 THINK ABOUT WHAT THAT MAY BE LIKE. 12165 10:59:13,001 --> 10:59:14,000 MAYBE YOUR KIDS ARE STILL SMALL. 12166 10:59:14,001 --> 10:59:15,000 YOU'VE LOST YOUR JOB. YOU WANT TO PAY YOUR MORTGAGE 12167 10:59:15,001 --> 10:59:16,000 BUT YOU DON'T HAVE THE MONEY TO 12168 10:59:16,001 --> 10:59:18,000 DO IT. 12169 10:59:18,001 --> 10:59:20,000 AND 12170 10:59:20,001 --> 10:59:22,000 SO THE BANK IS GOING TO FORECLOSE. THINK ABOUT THAT. 12171 10:59:22,001 --> 10:59:23,000 YOU HAVE GOT TO FIGURE 12172 10:59:23,001 --> 10:59:25,000 ALL OF A SUDDEN, YOU HAVE GOT 12173 10:59:25,001 --> 10:59:26,000 THREE KIDS, 12174 10:59:26,001 --> 10:59:27,000 LOST HER JOB OR YOU DON'T HAVE 12175 10:59:27,001 --> 10:59:28,000 ENOUGH MONEY TO MAKE THESE 12176 10:59:28,001 --> 10:59:30,000 PAYMENTS. YOU'RE GOING TO HAVE TO -- 12177 10:59:30,001 --> 10:59:31,000 YOU'RE GOING TO HAVE TO TELL 12178 10:59:31,001 --> 10:59:32,000 YOUR KIDS, GUYS, WE'RE GOING TO 12179 10:59:32,001 --> 10:59:34,000 HAVE TO LEAVE OUR HOUSE. 12180 10:59:34,001 --> 10:59:35,000 WHERE ARE WE GOING TO LIVE, DAD? 12181 10:59:35,001 --> 10:59:36,000 I DON'T KNOW. 12182 10:59:36,001 --> 10:59:37,000 WE'RE GOING TO TRY TO MAYBE MOVE 12183 10:59:37,001 --> 10:59:38,000 IN WITH SOMEBODY. 12184 10:59:38,001 --> 10:59:39,000 WHAT ARE WE GOING TO DO WITH ALL 12185 10:59:39,001 --> 10:59:41,000 OUR STUFF? 12186 10:59:41,001 --> 10:59:42,000 I DON'T KNOW. 12187 10:59:42,001 --> 10:59:44,000 WE CAN'T AFFORD STORAGE. 12188 10:59:44,001 --> 10:59:45,000 I GUESS WE'LL 12189 10:59:45,001 --> 10:59:47,000 YOU 12190 10:59:47,001 --> 10:59:48,000 LIKE TO LOSE YOUR JOB, THEN TO 12191 10:59:48,001 --> 10:59:49,000 LOSE YOUR INSURANCE, THEN TO 12192 10:59:49,001 --> 10:59:50,000 LOSE YOUR HOME. 12193 10:59:50,001 --> 10:59:52,000 THAT'S HAPPENED TO A WHOLE LOT 12194 10:59:52,001 --> 10:59:54,000 OF PEOPLE THAT, YOU KNOW, EVEN 12195 10:59:54,001 --> 10:59:56,000 THAT LOOK LIKE ME, PEOPLE THAT 12196 10:59:56,001 --> 10:59:57,000 DRESS WELL AND HAVE MIDDLE-CLASS JOBS. 12197 10:59:57,001 --> 10:59:59,000 THIS JUST DOESN'T HAPPEN TO A 12198 10:59:59,001 --> 11:00:03,000 BUNCH OF PEOPLE THAT -- YOU 12199 11:00:03,001 --> 11:00:05,000 KNOW, THAT JUST WERE -- WERE 12200 11:00:05,001 --> 11:00:08,000 LAZY AND DIDN'T DO ANYTHING. 12201 11:00:08,001 --> 11:00:10,000 OF PEOPLE IN THIS COUNTRY. 12202 11:00:10,001 --> 11:00:11,000 AND I WONDER, I WONDER IF MY 12203 11:00:11,001 --> 11:00:12,000 REPUBLICAN COLLEAGUES, I W 12204 11:00:12,001 --> 11:00:14,000 IF THE CONSERVATIVES HERE THAT 12205 11:00:14,001 --> 11:00:16,000 ALWAYS PREACH SELF-RELIANCE AND 12206 11:00:16,001 --> 11:00:19,000 ALWAYS TAKE -- SAY THAT WE HAVE 12207 11:00:19,001 --> 11:00:20,000 GOT TO DO BETTER IN THIS COUNTRY 12208 11:00:20,001 --> 11:00:21,000 ON THEIR OWN TWO FEET. 12209 11:00:21,001 --> 11:00:23,000 I WONDER 12210 11:00:23,001 --> 11:00:24,000 PEOPLE THAT HAVE LOST THEIR JOBS 12211 11:00:24,001 --> 11:00:26,000 AND LOST 12212 11:00:26,001 --> 11:00:27,000 LOST THEIR HOUSE. 12213 11:00:27,001 --> 11:00:29,000 AND I JUST THINK IF THEY DID, 12214 11:00:29,001 --> 11:00:30,000 THEY MIGHT BE WILLING TOXTEND 12215 11:00:30,001 --> 11:00:31,000 UNEMPLOYMENT BENEFITS. 12216 11:00:31,001 --> 11:00:34,000 IF THEY DID, THEY MIGHT BE 12217 11:00:34,001 --> 11:00:36,000 WILLING TO EXTEND SUBSIDIES TO 12218 11:00:36,001 --> 11:00:37,000 HELP THOSE PEOPLE GET THEIR 12219 11:00:37,001 --> 11:00:38,000 HEALTH INSURANCE. 12220 11:00:38,001 --> 11:00:39,000 AND THAT'S WHAT'S SO TROUBLING 12221 11:00:39,001 --> 11:00:40,000 ABOUT WHAT'S HAPPENED THE LAST 12222 11:00:40,001 --> 11:00:42,000 THREE WEEKS. 12223 11:00:42,001 --> 11:00:43,000 WE CAN'T GET 60 VOTES TO -- 12224 11:00:43,001 --> 11:00:44,000 BECAUSE WE NEED SOME 12225 11:00:44,001 --> 11:00:46,000 REPUBLICANS. 12226 11:00:46,001 --> 11:00:47,000 WE CAN'T GET 60 VOTES TO EXTEND 12227 11:00:47,001 --> 11:00:48,000 UNEMPLOYMENT TO HELP PEOPLE OUT A LITTLE BIT. 12228 11:00:48,001 --> 11:00:52,000 AND AGAIN, UNEMPLOYMENT 12229 11:00:52,001 --> 11:00:53,000 YOU'VE GOT A JOB, YOU PAY INTO 12230 11:00:53,001 --> 11:00:56,000 UNEMPLOYMENT EVERY PAYCHECK. 12231 11:00:56,001 --> 11:00:57,000 YOU PAY INTO THIS 12232 11:00:57,001 --> 11:00:58,000 INSURANCE FUND. 12233 11:00:58,001 --> 11:01:00,000 IF YOU LOSE YOUR JOBS, YOU GET 12234 11:01:00,001 --> 11:01:01,000 HELP FROM THAT 12235 11:01:01,001 --> 11:01:04,000 SIMPLE AS THAT. 12236 11:01:04,001 --> 11:01:06,000 MR. PRESIDENT, I GUESS MY 12237 11:01:06,001 --> 11:01:08,000 PATIENCE RUN SHORT AS I THINK IS 12238 11:01:08,001 --> 11:01:09,000 THE CASE FOR MANY OF US OVER HERE. 12239 11:01:09,001 --> 11:01:10,000 WHEN I HEAR MANY OF MY 12240 11:01:10,001 --> 11:01:12,000 COLLEAGUES SAY WE CAN'T DO THAT 12241 11:01:12,001 --> 11:01:13,000 BECAUSE IT WOULD ADD TO THE BUDGET DEFICIT. 12242 11:01:13,001 --> 11:01:15,000 YET TH CONTINUE TO VOTE FOR 12243 11:01:15,001 --> 11:01:17,000 WAR FUNDING, THEY CONTINUE TO 12244 11:01:17,001 --> 11:01:18,000 WANT TO GIVE WAR TAX CUTS TO THE 12245 11:01:18,001 --> 11:01:19,000 RICHEST PEOPLE IN AMERICA. 12246 11:01:19,001 --> 11:01:21,000 THEY WANT TO CONTINUE TO 12247 11:01:21,001 --> 11:01:23,000 SUBSIDIZE THE DRUG AND INSURANCE INDUSTRY. 12248 11:01:23,001 --> 11:01:24,000 IT'S A MORAL QUESTION, 12249 11:01:24,001 --> 11:01:26,000 MR. PRESIDENT, AND 12250 11:01:26,001 --> 11:01:31,000 STATES SENATE FAILED THIS MORAL QUESTION. 12251 11:01:31,001 --> 11:01:32,000 I YIELD THE FLOOR. 12252 11:01:32,001 --> 11:01:38,000 THE PRESIDING OFFICER: THE CLERK 12253 11:01:38,001 --> 11:02:31,000 WILL CALL THE 12254 11:02:31,001 --> 11:02:32,000 QUORUM CALL: 12255 11:02:32,001 --> 11:02:34,000 MR. BROWN: MR. PRESIDENT? THE PRESIDING OFFICER: THE 12256 11:02:34,001 --> 11:02:35,000 SENATOR FROM OHIO IS RECOGNIZED. MR. BROWN: THANK YOU, 12257 11:02:35,001 --> 11:02:36,000 MR. PRESIDENT. 12258 11:02:36,001 --> 11:02:37,000 I ASK UNANIMOUS CONSENT TO 12259 11:02:37,001 --> 11:02:38,000 DISPENSE WITH THE QUORUM CALL. THE PRESIDING OFFICER: WITHOUT 12260 11:02:38,001 --> 11:02:39,000 OBJECTION, IT IS SO ORDERED. 12261 11:02:39,001 --> 11:02:40,000 MR. BROWN: I ASK UNANIMOUS 12262 11:02:40,001 --> 11:02:42,000 CONSENT THE SENATE PROCEED TO 12263 11:02:42,001 --> 11:02:44,000 THE IMMEDIATE CONSIDERATION OF 12264 11:02:44,001 --> 11:02:45,000 S.J. RES. 33, A JOINT RESOLUTION 12265 11:02:45,001 --> 11:02:46,000 TO PROVIDE FOR THE 12266 11:02:46,001 --> 11:02:48,000 RECONSIDERATION AND REVISION OF 12267 11:02:48,001 --> 11:02:51,000 THE PROPOSED CONSTITUTION OF THE 12268 11:02:51,001 --> 11:02:52,000 UNITED STATES VIRGIN ISLANDS TO 12269 11:02:52,001 --> 11:02:54,000 PROTECT PROVISIONS INCONSISTENT WITH THE CONSTITUTION AND 12270 11:02:54,001 --> 11:02:56,000 FEDERAL LAW INTRODUCED EARLIER 12271 11:02:56,001 --> 11:02:58,000 TODAY. THE PRESIDING OFFICER: THE CLERK 12272 11:02:58,001 --> 11:03:00,000 WILL REPORT. 12273 11:03:00,001 --> 11:03:02,000 THE CLERK: S.J. RES. 33, TO 12274 11:03:02,001 --> 11:03:04,000 PROVIDE FOR THE RECONSIDERATION 12275 11:03:04,001 --> 11:03:05,000 AND REVISION OF THE PROPOSED 12276 11:03:05,001 --> 11:03:07,000 CONSTITUTION OF THE UNITED 12277 11:03:07,001 --> 11:03:08,000 STATES VIRGIN ISLANDS TO CORRECT 12278 11:03:08,001 --> 11:03:10,000 PROVISIONS INCONSISTENT WITH THE 12279 11:03:10,001 --> 11:03:11,000 CONSTITUTION AND FEDERAL LAW. 12280 11:03:11,001 --> 11:03:13,000 THE PRESIDING OFFICER: IS THERE 12281 11:03:13,001 --> 11:03:14,000 OBJECTION? 12282 11:03:14,001 --> 11:03:15,000 MR. BROWN: MR. PRESIDENT -- 12283 11:03:15,001 --> 11:03:16,000 THE PRESIDING OFFICER: WITHOUT 12284 11:03:16,001 --> 11:03:18,000 OBJECT 12285 11:03:18,001 --> 11:03:19,000 PROCEED TO THE MATTER. MR. BROWN: THANK YOU. 12286 11:03:19,001 --> 11:03:21,000 I ASK UNANIMOUS CONSENT THE 12287 11:03:21,001 --> 11:03:22,000 JOINT RESOLUTION BE READ A THIRD 12288 11:03:22,001 --> 11:03:24,000 TIME, PASSED, THAT THE PREAMBLE 12289 11:03:24,001 --> 11:03:25,000 BE AGREED TO, AND THE MOTIONS TO 12290 11:03:25,001 --> 11:03:26,000 RECONSIDER BE LAID ON THE TABLE 12291 11:03:26,001 --> 11:03:27,000 EN BLOC, THAT ANY STATEMENTS 12292 11:03:27,001 --> 11:03:29,000 RELATED TO THE JOINT RESOLUTION 12293 11:03:29,001 --> 11:03:30,000 APPEAR AT THE APPROPRTE 12294 11:03:30,001 --> 11:03:31,000 IN THE CONGRESSIONAL RECORD AS 12295 11:03:31,001 --> 11:03:32,000 IF READ. 12296 11:03:32,001 --> 11:03:33,000 THE PRESIDING OFFICER: WITHOUT 12297 11:03:33,001 --> 11:03:34,000 OBJECTION, SO 12298 11:03:34,001 --> 11:03:36,000 MR. BROWN: MR. PRESIDE 12299 11:03:36,001 --> 11:03:40,000 THE ABSENCE OF A QUORUM. THE PRESIDING OFFICE THE CLERK 12300 11:03:40,001 --> 11:06:24,000 WILL CALL THE ROLL. 12301 11:06:24,001 --> 11:06:25,000 QUORUM CALL: 12302 11:06:25,001 --> 11:06:26,000 THE PRESIDING OFFICER: THE 12303 11:06:26,001 --> 11:06:27,000 SENATOR FROM MONTANA IS 12304 11:06:27,001 --> 11:06:29,000 RECOGNIZED. MR. BAUCUS: MR. PRESIDENT, I 12305 11:06:29,001 --> 11:06:31,000 SUGGEST THAT 12306 11:06:31,001 --> 11:06:32,000 ON THE QUORUM CALL BE DISPENSED WITH. 12307 11:06:32,001 --> 11:06:33,000 THE PRESIDING OFFICER: WITHOUT 12308 11:06:33,001 --> 11:06:34,000 OBJECTION, SO ORDERED. 12309 11:06:34,001 --> 11:06:35,000 MR. BAUCUS: MR. PRESIDENT, I ASK 12310 11:06:35,001 --> 11:06:36,000 UNANIMOUS CONSENT WHEN THE 12311 11:06:36,001 --> 11:06:40,000 SENATE COMPLETES ITS BUSINESS 12312 11:06:40,001 --> 11:06:42,000 TODAY, IT ADJOURN UNTIL 12313 11:06:42,001 --> 11:06:44,000 9:45 A.M. ON FRIDAY, JUNE 18. 12314 11:06:44,001 --> 11:06:45,000 THAT FOLLOWING THE PRAYER AND 12315 11:06:45,001 --> 11:06:46,000 PLEDGE, THE JOURNAL OF THE 12316 11:06:46,001 --> 11:06:48,000 PROCEEDINGS BE APPROVED TO DATE, 12317 11:06:48,001 --> 11:06:49,000 MORNING HOUR BE DEEMED EXPIRED, 12318 11:06:49,001 --> 11:06:51,000 THE TIME FOR THE TWO LEADERS BE 12319 11:06:51,001 --> 11:06:52,000 RESERVED FOR THEIR USE LATER IN 12320 11:06:52,001 --> 11:06:53,000 THE DAY. 12321 11:06:53,001 --> 11:06:55,000 THAT FOLLOWING ANY LEADER 12322 11:06:55,001 --> 11:06:56,000 REMARKS, THERE BE A PERIOD OF 12323 11:06:56,001 --> 11:06:59,000 MORNING BUSINESS WITH SENATORS 12324 11:06:59,001 --> 11:07:00,000 PERMITTED TO SPEAK FOR UP TO TEN MINUTES EACH. 12325 11:07:00,001 --> 11:07:01,000 THE PRESIDING OFFICER: WITHOUT 12326 11:07:01,001 --> 11:07:02,000 OBJECTION, SO ORDERED. 12327 11:07:02,001 --> 11:07:04,000 MR. BAUCUS: MR. PRESIDENT, THERE 12328 11:07:04,001 --> 11:07:05,000 WILL BEO ROLL CALL VOTES 12329 11:07:05,001 --> 11:07:06,000 DURING FRIDAY'S SESSION OF THE SENATE. 12330 11:07:06,001 --> 11:07:08,000 IF THERE IS NO FURTHER BUSINESS 12331 11:07:08,001 --> 11:07:09,000 TO COME BEFORE THE SENAT 12332 11:07:09,001 --> 11:07:12,000 THAT IT ADJOURN UNDER THE 12333 11:07:12,001 --> 11:07:13,000 PREVIOUS ORDER. 12334 11:07:13,001 --> 11:07:16,000 THE PRESIDING OFFICER: THE 12335 11:07:16,001 --> 11:07:18,000 SENATE WILL STAND ADJOURNED